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
Trading Summary
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$
DISCLAIMER
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.
You can find all my journals on Blog. Past historical data is no guarantee on future returns