Trading Journal #57
08:40 am: “Futures green to start the week ahead tomorrow US midterm elections and Thursday’s CPI numbers. Market has been very volatile with market participants trying to figure out when FED’s pivot but no one has a clue, so we keep our process and stay flexible going forward.
08:41 am: “Morning focus on META to see if it holds up the morning gap and squeezes higher OR fades to fill the morning gap. AAPL to see if it is able to go red to green and clear the oversold conditions or not. SPY IWM QQQ and Semi’s to see if hold up green and squeeze above last week highs OR go green to red.
Morning trades: I started the day shorting META and IWM out of the gate and those PUTs gave me the cash flow for the day. I also scalped GOOGL calls that gave me some cash flow. After 10:30am I got pretty much chopped but was able to protect morning gains
|Time||Symbol||Contract||Avg Entry||Avg Exit||QTY||Pct Gain||PnL $|
|9:30AM||META||Nov.11, 2022 P90||$0.85||$1.40||12||65%||$645.60|
|9:35AM||IWM||Nov.07, 2022 P179||$0.78||$1.20||13||54%||$530.40|
|9:54AM||GOOGL||Nov.11, 2022 C89||$1.05||$1.30||10||24%||$238.00|
|10:31AM||QQQ||Nov.07, 2022 P264||$1.15||$1.20||9||4%||$34.20|
|10:39AM||QQQ||Nov.07, 2022 P264||$1.10||$1.30||9||18%||$169.20|
|10:42AM||QQQ||Nov.07, 2022 P264||$0.98||$1.05||10||7%||$58.00|
|10:44AM||IWM||Nov.07, 2022 C178||$0.80||$0.90||13||13%||$114.40|
|10:50AM||TSLA||Nov.11, 2022 C220||$1.20||$1.20||8||0%||-$9.60|
|11:10AM||QQQ||Nov.07, 2022 P265||$1.10||$1.20||9||9%||$79.20|
|11:23AM||TSLA||Nov.11, 2022 C220||$1.10||$1.20||9||9%||$79.20|
|11:57AM||META||Nov.11, 2022 P90||$0.70||$0.85||14||21%||$193.20|
|– 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
– Past historical data is no guarantee on future returns
|Nov 7, 2022||$2,132|
Loss review: I was able to avoid losses as I closed trades when I saw I was getting chopped inside tight slow action, so was nice risk management.
Key Takeaways / To improve: Avoid getting chopped. Before big events (such as US midterm elections and CPI numbers) market participants wait for news, so the market gets slow and choppy. In this kind of situation, do less.
Look Ahead: Tomorrow, we have US midterm elections and Thursday’s CPI numbers. Market has been very volatile with market participants trying to figure out when FED’s pivot but no one has a clue, so we keep our process and stay flexible going forward