SPY puts ~ +5.3%
this also gapped, but I guess I bought too far OTM, dropped 2$ passed when I bought it but still barely green
TSLA call ~ +12.6%
in the morning it broke past 1000, so when it pulled back and retested the 1000 area, decided to buy a call
but since I am wary of TSLA, out on the first red candle
something that could’ve changed would be to reassess my indicators to confirm downward movement rather than selling immediately
AMC calls ~ +43.3%
I believe this was on GME sentiment
sold the first 2 earlier to cover the cost, while the last one set a trailing stop so that I could forget and do something else
UVXY calls - holding…
fear of inflation and NATO
Overall a good day, recovered from that messed up China play [insert food here]
UVXY calls ~ -37.3%
This was a loss because I woke up, saw that I was up like 3%, then fell asleep on my desk.
Only to wake up again and see that I was down. So, I just sold to get out of that position.
AMC call ~ +9.3%
After that loss, I thought that maybe there was still strength in the market. At the time, it looked like a double bottom, thus I bought it. Sold one to remove some risk, only for AMC to crash down to my stop.
Not so good day
Had a fat loss, which removed about 60% of the gains from yesterday, so I decided to go back to sleep.
Something to work on: don’t fall asleep, or if I do, set a tighter stop loss.
I was personally wary of playing this at all, but seeing the short percentage, the high conviction on the trading floor, as well as seeing the morning strength I decided to buy-in.
Only bought in on pullbacks + support areas
Out whenever the 10% trailing stop hit
Was considering holding all positions overnight, however, it grew to a large portion of my port, so I repositioned, and now covered my cost basis.
Wanted to deleverage my GME position so on the morning spike I sold all of it for a fat loss
Then at about 160-165 scalped one call 20%
Then grabbed another 2 at around the same price
Towards end of day sold one GME which for the most part covered my loss but still holding one GME
Sold TLRY puts expiring tomorrow
Wanted to lock some of my cash so I won’t be tempted to play around with it
Maybe not the best move, but how I decided which strike to sell was looking at the daily chart and picking the strike that is just below the most obvious support
Scalped SPY and TSLA for about 10% which helped cover GME loss
For spy there was a support? at 156 then it climbed and broke through 158 which then hit my trailing stop
tsla had a channel thing in the morning so I bought at the bottom and sold at the top of said channel
Eventually ended up green even though I ate a fat loss
Do be lucky tho with the GME spike ah
GME call that I held sold for 75%
Then I bought more GME which ended at a -50%
Total for gme was still up 35% (since I bought in a smaller position)
I then sold another TLRY CSP
Then end of day I bought them all back for 60% profit
Bought SPY call around 450 with a trail stop which sold for a 2%
Another not so good idea but I sold a CSP on AMC on the last minute
The plan is to take advantage of theta over the weekend and close it on opening Monday
Overall 4% up
Locking cash away in CSP so that I am technically trading with the same amount
I noticed that whenever wins come => port bigger than normal => me think I has bigger buffer => losing more money per trade
So for now until I get a bit more used to seeing big number, locking it away so I CANT trade with it
I managed to get out of the AMC CSP for a 5.5%
Priced didn’t move at all when I sold, but I was concerned since, after some googling, a lot of sites were saying that the weekend theta is already priced in.
Bought 2 PTEN calls, and found some chatter on it on Twitter which on the daily chart, it looks like a bull flag.
Since I got out of the CSP, I now had extra cash which I still wanted to be locked away.
So inspired by the 2% thing:
QQQ call ~ +2.7%
SPY call ~ +1.3%
FB call ~ +1.8%
AAPL call for +1.8%
In premarket, it touched 177.2 something, it bounced off of it again, so when it approached it again, I grabbed a call
QQQ call for +2.3%
ETF, wasn’t moving too much when I bought it, waited for a dip and bought a 2 month out call
Turns out the 2% sell limit saved me because around 9 it fell off a cliff
closed out the F CSP for -129.9%
F normally doesn’t move too much and I didn’t like how it couldn’t stay above 16, so I exited
SPY call for +1.9%
It touched 453, so I bought a call and set a limit, wasn’t much thought behind it.
BEEM for +14.9%
holding 1 call
I believe that this one had a high negative short P/L, like -50% or something
Those PTEN calls are down, F CSP down, but thanks to all the small profits as well as BEEM, I ended up green for the day.
Up 1.8%
Mainly traded SPY and got out of my losing positions.
A lot of the SPY stuff consisted of setting an alert at 2%, then having a trailing stop to try to capture any upward movement.
PTEN was a failure
BEEM, I got out because it actually started seeping into yesterday’s profits, so I tried to cut it at breakeven. According to my P/L on BEEM, it is (10)
P: +0.75%
Didn’t even know that it was FOMC, could’ve possibly scraped off a few more dollars
Maybe it is because of the smaller percentage limit, or maybe I am just getting better at observing the charts, but it has been hitting that 2% area pretty often and quickly, and it feels pretty good to fully execute a plan instead of stressing whether or not I can break even.
The current plan is to do a 2% thing for a large portion of my port while keeping a little (like 100$) to do the riskier plays.
Bought in on support/resistance that I see, expecting some kind of bounce.
E.g. On one of the calls, the trailing stop sold around the 447 area, then SPY quickly dropped. Thus when it came back to the same area, I watched it for a bit, then concluded that it would follow the same pattern, thus buying a put.
Obviously, this doesn’t work all the time but having a tighter sell limit increases those chances.
As of now, the market looks pretty wack, thus I opted for smaller gains
SST did well, quick buy in the morning, and exited when it popped, especially since I didn’t know if it was going to do a dump
Averaged down on SPY and managed to get out at 2%
Cut SEAC calls ~ -51.93%
Didn’t like how the market dumped in the morning and I didn’t know whether it would stay up
QQQ puts ~ +5.91%
3.2 → 3.42
3.4 → 3.5
3.2 → 3.5
It felt like QQQ would continue to fall after it gapped down
SPY puts ~ +16.34%
1.4 → 1.07
1.65 → 2.03
1.4 → 2.12
I cut the first one for a loss because it was far OTM and it was an FD…
The other ones were ITM, had trailing stop
SPY call ~ +0.33%
17.24 → 17.31
I missed the timing on this so when it went back green I decided to sell it.
Decided to stop early, so that I don’t lose the profits that I made this morning
up 2.84%
CPI was released I think and it was good, and it also gapped up from 440
So in the morning, I bought on red candles, anticipating that it would rally
They weren’t the best timings but I was right in the end
Grabbed puts at 444 because there was a callout for at 444 or 446 resistance, as well as a (I think) miss on the financial sector.
Grabbed calls because it looked like it was ascending slowly from 440, but I wasn’t too confident in it, so I cut it when it popped a little
Managed to make back the loss from yesterday!
Looked back at yesterday and relearned to avoid FDs
Even though I was crazy right about yesterday, because of the volatility, I cut it to avoid a drop in my portfolio.
So I moved back to weeklies and it does wonders for my mental state.
There was a large(?) rebound from 435 from premarket, so I thought that it was an unnatural climb. Then I saw it was consolidating-ish, was due for a pullback, and grabbed puts.
It later rebounded again from 436, all the way to 439, and once again, grabbed puts.
Last week I had a fat loss of 22% which I held puts for too long + averaged down + bad timing
So I took the rest of the week contemplating my life aka playing Minecraft
This week, so far I went back to the basics
Identified trend lines + using JB’s support/resistance points for confirmation bias
Using VWAP and other indicators for more confirmation
Yesterday:
I think that I am going to make this a weekly thing except whenever I take a loss on the day
Basically, this week was mainly SPY puts with some QQQ puts
Focused mainly on trendlines to make an entry
Typically sold when it no longer respected the line that I drew
Up 12% for this week
Managed to recover about 50% of the loss
Really brings to light that 1 loss can wipe out a lot of gains, and I would have to slowly build it back up
I said that I would only update if the week was over or if I took a loss
Welp, I took a loss for the day
Played SPY puts
Grabbed them at 410, but there was a huge run-up to 415, which I held through because there was an influx of news that was (what I think is) bad.
It hit 409.5 which I sold for a slight loss
Tried to recover some losses by grabbing another put when it hit 410, and out when it hit 408 (which is like a double bottom of sorts)
Had 1 SPY call
For a hedge against the puts, which SPY proceeds to dump, I had to cut for a slight loss
Port -1.5%
Still had a lot of cash left, but the volatility is scaring me, so I’m out for the day
