Trading Journal #62
08:39 am: “Futures red to start the week after a huge 2-day run last week, a pause is healthy to consolidate recent gains. Now we measure the size of the fade/pause looking for the next trigger.
08:40 am: “Morning focus on IWM AMD to see if it fills the gap and GOOGL TSLA to see if it can play catch up higher or not.
Morning trades: I started the day buying the dip on TSLA for cash flow. I took PENN Calls for +100% gains on bull flow, scalped TSLA AMZN for more cash flow and faded IWM with shorts for nice cash flow. Overall a nice consolidation day.
|Time||Symbol||Contract||Avg Entry||Avg Exit||QTY||Pct Gain||PnL $|
|9:30AM||TSLA||Nov 18 $210 Calls||$1.25||$1.65||8||32%||$310.40|
|9:34AM||TSLA||Nov 18 $210 Calls||$1.20||$1.19||8||-1%||-$17.60|
|9:35AM||TSLA||Nov 18 $210 Calls||$1.10||$1.05||9||-5%||-$55.80|
|9:36AM||PENN||Nov 18 $39 Calls||$0.25||$0.50||40||100%||$952.00|
|9:37AM||TSLA||Nov 18 $210 Calls||$1.00||$1.20||10||20%||$188.00|
|9:49AM||GOOGL||Nov 18 $100 Calls||$0.25||$0.30||40||20%||$152.00|
|9:49AM||TSLA||Nov 18 $210 Calls||$0.95||$1.40||11||47%||$481.80|
|10:54AM||AMZN||Nov 18 $100 Calls||$1.75||$2.50||6||43%||$442.80|
|11:05AM||IWM||Nov 14 $187 Puts||$1.10||$1.50||9||36%||$349.20|
|– 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 14, 2022||$2,803|
Loss review: I took some small paper cuts on TSLA but overall TSLA scalps printed nice money so I’m happy with risk management.
Key Takeaways: On slow consolidation days, you take profits fast and wait for the market digest of last days move, let stocks rebuild before trigger the next move.
Look Ahead: Market had a strong move last week, so pause/consolidation is healthy. Let the price rebuild for now.
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
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