Trading Journal #190
Thursday, Jun.08, 2023 – Trading Options – Daily Journal
9:30am-10:00am: Started the day buying SPY Puts for quick +50% cash flow and flipped into NVDA Calls for great cash flow. Took some TSLA stock longs but I was heavy on those shares so I bought some PUTs to hedge a bit my position and took some losses there, but the stock long at 9:30am on chatroom, more than paid the hedges losses!
9:32AM – SPY Jun 08 $427 Puts from 0.95 to 0.92 for -47$ PnL*
9:34AM – SPY Jun 08 $427 Puts from 0.88 to 1.35 for 504$ PnL*
9:34AM – TSLA Jun 09 $217.5 Puts from 0.98 to 0.9 for -92$ PnL*
9:36AM – TSLA Jun 09 $217.5 Puts from 0.85 to 0.75 for -135$ PnL*
9:39AM – NVDA Jun 09 $390 Calls from 1 to 1.45 for 438$ PnL*
9:45AM – TSLA Jun 09 $217.5 Puts from 0.6 to 0.45 for -276$ PnL*
9:57AM – SPY Jun 08 $427 Calls from 0.55 to 0.85 for 519$ PnL*
10:00am-12:30pm I lost some money on TSLA hedges and on SPY QQQ Put scalps as I got a bit too soon on the fade, but patience got paid later.
10:19AM – TSLA Jun 09 $222.5 Puts from 0.95 to 0.75 for -234$ PnL*
10:45AM – GOOGL Jun 09 $123 Calls from 0.67 to 0.9 for 327$ PnL*
11:14AM – SPY Jun 08 $428 Puts from 0.7 to 0.65 for -87$ PnL*
11:22AM – QQQ Jun 08 $352 Puts from 0.55 to 0.45 for -202$ PnL*
11:25AM – SPY Jun 08 $428 Puts from 0.6 to 0.5 for -191$ PnL*
12:28PM – IWM Jun 09 $187 Calls from 0.75 to 0.72 for -55$ PnL*
After 12:30pm: I shorted big QQQ with Put 353 for +150% gains and NVDA Puts for +50% gains. So basically got back all the money from early losses.
12:35PM – QQQ Jun 08 $353 Puts from 0.6 to 1.5 for 1510$ PnL*
12:48PM – NVDA Jun 09 $375 Puts from 0.59 to 0.9 for 507$ PnL*
End of Day PnL = +2,486$ gains
End of Day emotions: Today I did a little bit better with stock than options as I lost some money on TSLA hedge but the stock got paid big time. NVDA Calls were great but closed a bit toon soon and stock kept going up. The scalp on QQQ fade was a beauty for +150% gains, so overall I’m very happy. Trading is very hard but with risk management, a trading plan, focus and resilience, its great! 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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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