Tuesday, May.16, 2023 – Trading Options – Daily Journal

 

9:30am-10:00am: Scalped AMD Calls right at 9:30am and locked +80% gains. Closed way too soon as trade hit more than +200%, so congrats longs. Also faded QQQ near 10am and locked +60% gains.

9:30AM – AMD May 19 $98 Calls from 1.3 to 2.3 for 791$ PnL*
9:33AM – TSLA May 19 $175 Calls from 0.9 to 0.95 for 42$ PnL*
9:39AM – NFLX May 19 $342.5 Calls from 1.25 to 1.32 for 47$ PnL*
9:50AM – QQQ May 16 $328 Puts from 1 to 1.6 for 588$ PnL*
9:53AM – AMZN May 19 $112 Puts from 1 to 1 for -12$ PnL*

 

10:00am-12:00pm: Scalped TSLA Calls and SPY Calls for nice cash flow +50% and +40% gains. Tried to fade GOOGL and AMZN but too strong so took a small loss there.

10:16AM – TSLA May 19 $175 Calls from 0.8 to 1.2 for 505$ PnL*
10:36AM – AMZN May 19 $112 Puts from 0.88 to 0.8 for -102$ PnL*
10:36AM – GOOGL May 19 $118 Puts from 1 to 0.8 for -212$ PnL*
10:52AM – SPY May 16 $412 Calls from 0.5 to 0.7 for 376$ PnL*
11:33AM – QQQ May 16 $329 Puts from 1.2 to 1.5 for 231$ PnL*
11:49AM – SPY May 16 $412 Calls from 0.5 to 0.7 for 376$ PnL*

 

After 12:00pm: Tried some scalps for very slow action, so very hard to hold trades for too long and I closed when momentum stalled.

12:32PM – QQQ May 16 $329 Puts from 0.75 to 0.6 for -211$ PnL*
12:42PM – QQQ May 16 $329 Puts from 0.7 to 0.9 for 264$ PnL*
1:00PM – NFLX May 19 $345 Calls from 0.55 to 0.62 for 105$ PnL*
1:28PM – META May 19 $235 Puts from 1.2 to 1.1 for -90$ PnL*
1:47PM – SPY May 16 $411 Calls from 0.85 to 1.05 for 226$ PnL*
2:07PM – TSLA May 19 $160 Puts from 0.89 to 1.05 for 163$ PnL*

 

End of Day PnL = +3,087$ gains

 

End of Day emotions:  First 30min where amazing with AMD longs way higher, but after 12pm I got a bit chopped up and had some small papercut losses due slow action. I’m very happy with my risk management and trading plan. Need to keep my focus and repeat the process over and over again!

 

 

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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