How I Trade the One & Done System
This page explains exactly how I trade the One & Done System: the rules I follow, the confluence I look for, the tools I use, and a few resources that have shaped how I see the market.
Straightforward. Repeatable. Built for accountability.Must-Have Tools for One & Done Trading
These are the core tools I personally use every morning before I take my One & Done trade. They’re simple, inexpensive, and make a huge difference in clarity and discipline.
- TradingView – The charting platform I rely on every morning for clean SPY/QQQ structure. If you follow the One & Done rules, this is the only charting software you need.
- Trading Decoded Book – The mindset and structure foundation that helped simplify my entire system. If you want to see the market the way I do, start here.
These are affiliate links. They support the project at no extra cost to you.
Core philosophy
I'm not trying to be the smartest trader in the room. I'm trying to be the most consistent. One high-quality options trade per day, following the same rules, with everything logged in public.
- Instrument: SPY options until the account reaches $2,000, then SPX options using the same rules.
- Chart style: No fancy indicators. Just price, support and resistance, and structure on the 1-minute chart.
- Confluence: I want SPY, QQQ, and the NYSE $ADD line all moving in the same direction before I commit.
- Target trades: Clean, quick moves from one clear level to the next – most trades take only a few minutes.
- Patience: If the level doesn't set up, I don't trade. No forcing it just to be “in something.”
The journal and live equity chart are there to keep me honest. Wins, losses, missed days – it all goes in.
Daily playbook & rules
Before the open
- Mark key support and resistance levels on SPY using higher timeframes and pre-market action.
- Check QQQ and the NYSE $ADD to get a feel for overall risk-on / risk-off conditions.
- Define one or two valid trade ideas based on clear “from level A to level B” structure.
During the session
- Wait for SPY to come into a key level with SPY, QQQ, and $ADD moving in the same direction.
- Enter only when there is room from the current level to the next obvious target.
- Manage risk so that a full stop is acceptable for the day. No adding to losers.
After the trade
- Log the trade in my One & Done journal: times, prices, fees, P/L, and end-of-day equity.
- Record a quick Loom recap and upload it to YouTube when possible.
- Note what worked, what didn't, and what I will tighten up tomorrow.
One trade per day means I don't get to hide behind “I'll make it back on the next one.” The goal is to let the edge play out over time, not to win every single day.
Confluence & chart setup
The One & Done trade lives at the intersection of structure and confluence. I'm not predicting the market; I'm reacting when the pieces line up.
- SPY: Primary execution chart on the 1-minute timeframe.
- QQQ: Used to confirm that tech / growth is moving in agreement with SPY, not fighting it.
- NYSE $ADD: Used as a breadth check – I want it pushing in the same direction as my trade idea.
- Levels: I only take trades when there is visible room from my entry level to the next support/resistance.
- Time in trade: Most trades are quick. If price lingers, I'm paying close attention.
Who I learned from & resources I use
I didn't invent price action. A lot of what I do comes from time spent learning from other traders and then putting in reps on my own charts.
Trading-Decoded (Jimmy)
The biggest influence on how I see structure, levels, and discipline. If you look him up and choose to follow along, let him know that Lewy from OneAndDoneSystem.com sent you.
Charting & data
I use a standard charting platform with SPY and QQQ 1-minute charts plus the NYSE $ADD line. No extra indicators, no clutter – just price and levels.
My own journal & equity curve
The main resource this site offers is transparency: the 60-day journal and live equity vs 10K goal chart. If you want to build your own One & Done plan, start by tracking your trades like that.
Tools, PDFs & merch (coming)
Over time, I plan to add a few simple things here for traders who want extra structure and encouragement:
- A short PDF that explains the One & Done approach in plain language.
- A printable checklist you can keep at your desk while you trade.
- A coffee mug or shirt with a simple trading affirmation to keep you grounded during the session.
These will stay simple on purpose – no hype, no huge promises. Just tools to help you focus on one good decision at a time.