Trading Journal

08:37 am: “Futures red to start the week giving some follow through to last week reversal sell after FED meeting. We are hitting some oversold levels, so shorts should be trim profits on the way and adjust stops to cap gains, imo.

08:39 am: “Morning focus on Tech names to see if able to hold the opening print for an oversold bounce up or not. Eyes also on Yields and Dollar to see if they fade a bit to trigger market oversold bounce or not.

Morning Trades:  I started the day looking for an oversold bounce, so out of the gate I got AAPL Calls for great cash flow. I tried some AMD and C Calls but no follow through so I closed. When I saw things stalled, I got short IWM with some PUTs for more than +150% gains and done.

Losses review:  I closed AMD and C calls as not much follow through continuation on upside and I did well as those turned red, so I avoided a big loss by cutting my risk and flipping into IWM Puts.

Key Takeaways: Oversold bounces happen, but on bear markets, traders cannot hold the bags for too long as stocks resume main trend down. Take trades both up and down.

Look Ahead: Market is oversold, but oversold can remain oversold for longer and until we see a sustainable bounce that holds the lows, we keep taking trades for now.

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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