Trading Journal #171
Thursday, May.11, 2023 – Trading Options – Daily Journal
9:30am-10:00am: Scalped GOOGL shorts for quick +40% gains on PUTs but had to close fast as stock reversed back up and almost squeezed me. I scalped big META Calls for more than +100% gains. I tried again to fade GOOGL several times but stock too strong so I had some small papercut losses. This was my biggest mistake of the day trying to fade GOOGL but I’m happy not being stubborn and close it fast when saw not working.
9:32AM – GOOGL May 12 $115 Puts from 0.9 to 1.28 for 405$ PnL*
9:35AM – AAPL May 12 $172.5 Calls from 1.05 to 1.2 for 138$ PnL*
9:38AM – META May 12 $237.5 Calls from 0.85 to 1.75 for 1066$ PnL*
9:44AM – GOOGL May 12 $116 Puts from 0.7 to 0.8 for 124$ PnL*
9:53AM – AAPL May 12 $172.5 Calls from 0.85 to 0.95 for 106$ PnL*
9:58AM – GOOGL May 12 $116 Puts from 0.6 to 0.55 for -106$ PnL*
10:00am-11:00am: Scalped some times SPY AAPL MSFT Calls but it was a bit too soon, so closed and waited for better entry spots (cheaper). After 10:20am, loaded AAPL Calls and ride it for +60% gains. After 10:30am, scalped MSFT Calls and ride it for +60% gains, plus SPY Calls as closed most position for more than 100% gains and rest for +70% gains.
10:09AM – GOOGL May 12 $117 Puts from 0.95 to 1 for 42$ PnL*
10:14AM – SPY May 11 $411 Calls from 0.8 to 0.72 for -120$ PnL*
10:18AM – AMD May 12 $96 Puts from 0.75 to 0.77 for 11$ PnL*
10:23AM – SPY May 11 $411 Calls from 0.66 to 0.75 for 117$ PnL*
10:24AM – AAPL May 12 $172.5 Calls from 0.8 to 1.3 for 635$ PnL*
10:32AM – MSFT May 12 $312.5 Calls from 0.4 to 0.4 for -30$ PnL*
10:34AM – META May 12 $232.5 Puts from 0.7 to 0.8 for 124$ PnL*
10:35AM – MSFT May 12 $312.5 Calls from 0.35 to 0.55 for 546$ PnL*
10:44AM – SPY May 11 $411 Calls from 0.6 to 1 for 660$ PnL*
End of Day PnL = +3.718$ gains
End of Day emotions: It was a great day with META AAPL SPY MSFT Calls for huge gains as I bought big positions. My biggest mistake on the day was trying to fade GOOGL (Beast mode last 2 days) BUT I’m very happy my risk management as I cut trades fast when seeing not working. Its ok to be wrong BUT its NOT OK to be stubborn, so I’m very happy with my risk management. I was very focused only on price as it was working around my levels so didnt waste time thinking too much and trust my trading plan. Need to keep my focus and repeat the process over and over again!
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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