Trading Journal #172
Friday, May.12, 2023 – Trading Options – Daily Journal
9:30am-10:00am: Scalped TSLA longs for +70% gains fast and shorted META with PUT scalp for +90% gains plus IWM shorts with PUT scalp for +100% gains. Tried to scalp some SPY longs but no momentum, so closed for very small PnL.
9:30AM – TSLA May 12 $177.5 Calls from 0.75 to 1.3 for 700$ PnL*
9:31AM – AMZN May 12 $112 Calls from 0.7 to 0.85 for 194$ PnL*
9:35AM – META May 12 $235 Puts from 1.05 to 1.35 for 288$ PnL*
9:41AM – SPY May 12 $414 Calls from 0.65 to 0.67 for 13$ PnL*
9:46AM – META May 12 $235 Puts from 0.95 to 1.8 for 922$ PnL*
9:47AM – SPY May 12 $414 Calls from 0.6 to 0.6 for -21$ PnL*
9:48AM – IWM May 12 $174 Puts from 0.65 to 1.32 for 987$ PnL*
9:59AM – SPY May 12 $414 Calls from 0.4 to 0.45 for 95$ PnL*
10:00am-11:00am: Scalped too many times SPY AMD GOOGL so was a bit all over the place on those. Had small wins, small losses, but overall more stress than gains… Need to work on avoid getting chopped. My biggest mistake was closing TSLA PUT scalp way too soon… It gone for more than +500% gains, so congrats to all shorts that ride it all the way down.
10:09AM – SPY May 12 $412.5 Calls from 0.75 to 0.85 for 115$ PnL*
10:13AM – TSLA May 12 $172.5 Puts from 0.65 to 0.78 for 177$ PnL*
10:15AM – SPY May 12 $412.5 Calls from 0.72 to 0.58 for -213$ PnL*
10:22AM – META May 12 $237.5 Calls from 0.35 to 0.3 for -180$ PnL*
10:27AM – AMD May 12 $96 Calls from 0.5 to 0.4 for -224$ PnL*
10:35AM – GOOGL May 12 $117 Puts from 0.6 to 0.55 for -106$ PnL*
10:37AM – SPY May 12 $412 Calls from 0.6 to 0.7 for 150$ PnL*
10:42AM – AAPL May 12 $172.5 Calls from 0.55 to 0.65 for 159$ PnL*
10:55AM – MSFT May 12 $310 Calls from 0.22 to 0.3 for 306$ PnL*
11:00am-12:00pm: Tried to fade GOOGL but the stock keeps very strong and was basically the only one of my watchlist holding green. I scalped SPY AMD AAPL but no momentum so closed all at 12pm.
11:16AM – GOOGL May 12 $117 Puts from 0.4 to 0.4 for -30$ PnL*
11:34AM – SPY May 12 $411 Calls from 0.7 to 1 for 404$ PnL*
11:45AM – AMD May 12 $95 Calls from 0.4 to 0.5 for 220$ PnL*
11:56AM – AAPL May 12 $172.5 Calls from 0.35 to 0.4 for 111$ PnL*
After 12pm: scalped SPY shorts with Put 411 for more than a double but Broker API lost connection at 12pm and Broker only reestablished connection later so those SPY Puts were not alerted in time. For that reason and altough trade made more than +100% gains, I’m NOT considering on this journal.
End of Day PnL = +4,067$ gains
End of Day emotions: First 30min were great with TSLA, IWM and META trades but from 10am up to 11:30am I got chopped and lost some money during that period. I kept my risk management in place and stopped trades not working, but it was very exhausting. I’m liking a lot the combination between options trades in one account and stock trades in other account. Today FSLR stock longs from yesterday at 183, were a rocket altough closed way too soon but it was a great way to start the day with big cash being made. I’m very happy with my risk management. 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