Trading Journal #40
08:32 am: “Futures selloff following CPI numbers as inflation stays hot, which keeps the FED mandate intact to keep raising rates to fight inflation.
08:33 am: “Morning focus on gapping down stocks to see if able to bounce on the first 5-15min on day to fill morning gaps or drift lower into new year lows.
Morning Trades: I started the day looking for an oversold bounce so I ride AAPL AMD and TSLA Calls several times for a great cash flow. Closed the trades a bit too soon, as some trades got more 10x the money, but happy with my gains.
Loss review: I didn’t let any stop hit and managed my risk well, so very happy with the way I’m using my risk management rules.
Key Takeaways: Oversold, can get oversold, BUT don’t buy the highs and sell the lows. After a big extended down move, an oversold bounce was expected, so you build your trading plan based on that, so when time comes, you pull the trigger.
Look Ahead: Today was a great reversal buy day following very oversold conditions, BUT one day will not make the trend. We are still inside a bear market, going into earnings season and no one really knows if inflation peaked or not, so take it day-by-day with an open mind.
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.
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