Trading Journal #140
Tuesday, Mar.28, 2023 – Trading Journal
Started the day fading IWM and trade reversed up so closed the shorts for -15% and flipped into IWM Calls and locked +50% gains that more than paid short loss.
After 9:40am, tried some bounces on AAPL AMZN IWM TSLA but no momentum so took small losses for -10%.
After 10:45am, got long SPY Calls for an oversold bounce and was able to lock +60% gains but stock not able to make new highs on day, so I closed and back to cash.
Market remains very choppy and erratic so decided to do less and be patient by not assing new positions for now.
As I said yesterday: “If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” by Bill Lipschutz
9:33AM | IWM Mar 29 $172 Puts from 1 to 0.85 | PnL* = -162$
9:35AM | IWM Mar 29 $174 Calls from 1 to 1.5 | PnL* = 488$
9:40AM | AAPL Mar 31 $160 Calls from 0.6 to 0.54 | PnL* = -123$
9:50AM | AMZN Mar 31 $99 Calls from 0.9 to 0.85 | PnL* = -69$
10:33AM | IWM Mar 29 $173 Puts from 0.9 to 0.83 | PnL* = -91$
10:48AM | SPY Mar 28 $395 Calls from 1.02 to 1.65 | PnL* = 618$
10:50AM | TSLA Mar 31 $200 Calls from 0.86 to 0.8 | PnL* = -87$
Today PnL = 574$
This trading journal is a log of all the options trades made. It is a tool that I use to track my progress and improve my trading strategies over time. I use this information to analyze my trading performance, identify patterns, and improve my decision-making processes. By keeping a trading journal, I can learn from my successes and mistakes, and make better trading decisions in the future. You can use other tools for journal as TraderSync , Tradervue or Excel
*Content is provided for informational purposes only considering average $1,000 per trade. Comissions already included: $0.60 per contract, per trade. All entries and exits are timestamped realtime via Discord Bot. Traders can have different Entries, Exits, Dollar Amount, Risk management and Comissions.
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