Trading Journal #179
Tuesday, May.23, 2023 – Trading Options – Daily Journal
9:30am-10:00am: Right after the bell, got NFLX PYPL calls for a red to green but got stopped. Some minutes later, got back NFLX Calls and got my money back from initial stops. Also scalped AMZN Calls for +50% gains
9:31AM – NFLX May 26 $375 Calls from 1 to 0.85 for -162$ PnL*
9:32AM – PYPL May 26 $64 Calls from 0.5 to 0.4 for -224$ PnL*
9:36AM – NFLX May 26 $375 Calls from 0.95 to 1.3 for 372$ PnL*
9:36AM – PYPL May 26 $64 Calls from 0.42 to 0.44 for 20$ PnL*
9:37AM – AMZN May 26 $116 Calls from 1 to 1.5 for 488$ PnL*
10:00-11:30am: I got completely chopped and a lot of stops hit. After the fact is easy to say “shoulda have stayed in cash” but when in real trading, need to take decisions in seconds and no one knows whats next, so I just managed my risk, took my losses and wait with patience for next setups.
10:15AM – QQQ May 23 $337 Puts from 1.05 to 1.1 for 38$ PnL*
10:18AM – SPY May 23 $417 Puts from 0.55 to 0.45 for -202$ PnL*
10:39AM – SPY May 23 $418 Calls from 0.6 to 0.5 for -191$ PnL*
10:44AM – PYPL May 26 $64 Calls from 0.44 to 0.42 for -74$ PnL*
10:39AM – AAPL May 26 $175 Calls from 0.6 to 0.57 for -72$ PnL*
11:00AM – SPY May 23 $418 Calls from 0.45 to 0.6 for 304$ PnL*
11:30-1pm: Before 12pm, scalped big shorts on TSLA, QQQ and META for great cash flow: +50%, +150% and +30% gains. So with patience got all my money back from early stops and way more as these trades paid big.
11:42AM – GOOGL May 26 $125 Calls from 1.05 to 1.1 for 38$ PnL*
11:47AM – TSLA May 26 $180 Puts from 0.75 to 1.15 for 505$ PnL*
11:52AM – QQQ May 23 $337 Puts from 0.85 to 2.15 for 1546$ PnL*
12:02PM – META May 26 $245 Puts from 1 to 1.3 for 288$ PnL*
End of Day PnL = +2,674$ gains
End of Day emotions: Overall, it was a hard day from 10am up to 11:45am, but with patience and risk management, I’m very happy with final results. Trading is not easy, never was and never will be easy, but with discipline, risk management and a trading plan it can get a little bit better. 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