Trading Journal #66
08:40 am: “Futures green after yesterday’s end of day short covering from lows. Now we see if stocks hold up the green and resume higher going into Thanksgiving next week OR we see some more profit taking.
08:41 am: “Morning focus on SPY IWM QQQ NVDA GOOGL TSLA to see if able to hold morning print and resume up OR fade staying inside yesterday range.
Morning trades: I started the day fading IWM with PUTs and long GOOGL Calls for nice cash flow in the first minutes. After 10am, I got some META AMZN for nice cash flow. After 10:45am, I faded IWM with PUT scalp for nice cash flow and done.
|Time||Symbol||Contract||Avg Entry||Avg Exit||QTY||Pct Gain||PnL $|
|9:31AM||IWM||Nov 18 $185 Puts||$1.05||$1.70||10||62%||$638.00|
|9:35AM||GOOGL||Nov 18 $99 Calls||$0.18||$0.45||56||150%||$1,444.80|
|10:01AM||META||Nov 18 $110 Puts||$0.17||$0.28||59||65%||$578.20|
|10:10AM||AMZN||Nov 18 $94 Calls||$0.72||$1.00||14||39%||$375.20|
|10:17AM||NVDA||Nov 18 $157.5 Calls||$0.58||$0.60||17||3%||$13.60|
|10:37AM||NVDA||Nov 18 $157.5 Call||$0.45||$0.38||22||-16%||-$180.40|
|10:45AM||AMZN||Nov 18 $94.5 Puts||$0.80||$1.00||13||25%||$244.40|
|10:48AM||IWM||Nov 18 $184 Puts||$0.60||$1.00||17||67%||$659.60|
|– 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 18, 2022||$3,773|
Loss review: I took a loss on NVDA but that’s part of trading. I cut the losses fast, so I’m ok with that.
Key Takeaways: On monthly options expiration day, you try to generate cash flow on the first 1-2 hrs of the day and get back into cash as time decay kills premium fast.
Look Ahead: Next week, it’s a short trading week with only 4 days due Thanksgiving on Thursday, so although seasonality says the market can see further upside, I’m staying open minded for what may come next.
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