Zsike's Trading Journal - Trading Journals | futures io social day trading
futures io futures trading


Zsike's Trading Journal
Updated: Views / Replies:1,256 / 16
Created: by zsike Attachments:42

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 42  
 
Thread Tools Search this Thread
 

Zsike's Trading Journal

  #11 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

XLU

XLU is slipping today, so I said why not buy back the 36s and sell the 35s.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


So I did.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


and my current results are this:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #12 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

TGIF

Well, it's not that bad. XLU is slipping a little more. I moved down to a 5 minute chart to anticipate a move to the 35 mark.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Not much is happening and I am not interested in a STUUD trade. So I decided to do another option collar strategy. I couldn't decide to do SSO or SDS, so I decided to do both and call it a contra collar strategy. Since SSO and SDS oppose each other's direction in the market (SPX), I can catch the market moving in either direction in a trade. And write weekly options against both positions. So I bought the June puts for each and then sold next week's options via a buy write. So, I list the trades and my new spreadsheet.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to zsike for this post:
 
  #13 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

Nice Day in Florida


XLU and the market made a run higher on the open, then reversed. I was ready....................but ...................

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #14 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

working on my spreadsheets

Last week's trades to update my spreadsheets

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



on the Contra Strategy, I bought another 100 of SSO to protect my outstanding call strike. It kind of backfired with no follow through. I should of taken a small loss, but I sold the 52 call, bought it back and then sold the 51 call. As long as the market does what it is doing, I am okay; but I have open downside on the 100. I was rolling over the other calls, buying down my strategy ante. The market is ranging with quick swings for added volatility to keep the ATM calls rich.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


On my XLU strategy, I did the wrong thing again and did a BuyWrite to protect my 35 call strike. That was dumb, should of done a straight buy. But I saw price rolling over on the chart so I closed it out as price went back to ranging in the 34s.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


******************

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by zsike; January 31st, 2012 at 06:48 PM. Reason: add
Reply With Quote
The following user says Thank You to zsike for this post:
 
  #15 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

Up to Feb Expiration

I have not updated my journal. I had been trying to learn to trade SSO against my written strike price and I continue to fail in the endeavor. At this point it's not working for me. But, I have plenty of cash in my account, so if my trade fails, I just quickly write an ITM option against the failed trade. So, I am nickel and diming my strategy. So, I had many 100s of shares of SSO outstanding with covered calls. So, they all cleared Friday with the Feb monthly option expiration. So, I updated my spreadsheet and it says the strategy should be in the black with option rollovers this Friday. I have had no need to trade against SSO 55 this week, so I will just wait. Currently 54.48.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to zsike for this post:
 
  #16 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

now XLU

XLU is quite the ETF. It's all over the place. Opening gaps, quick moves then reversals. So, it is difficult to trade it against my 35 strike price. If I have another 600 shares outstanding, it limits my cash for trading SSO. I can have 400 - 500 shares of SSO outstanding. So instead of getting in a pinch, I decided to move the call options from 35 to 36. I made a profit on the 35s, but my startegy is still in the red. No problem, March is dividend month and if XLU dips I will move back to 35.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Need to learn to trade. Better.

Reply With Quote
 
  #17 (permalink)
Trading Apprentice
Pecsely, Hungary
 
Futures Experience: Beginner
Platform: NT7
Broker/Data: Interactive Brokers
Favorite Futures: stocks
 
zsike's Avatar
 
Posts: 26 since Oct 2011
Thanks: 30 given, 26 received

trading

Well, I am still trying to adapt to the trading world. My account is growing, just slowly. This is a retirement account so I can only go long stock. I can short e-minis, but they are out of my league. I will get better. Everytime I tried to trade SSO, it backfired or stalled so I just wrote an option against my trade. My Strategy went to profit and then last week when the market reversed back against me, I closed out 200 shares and open short options as selling a buy-write. Better safe than sorry, but it clipped my profits a bit. Anyhow that's the way it is. I updated my strategy on the spreadsheet and I show a profit. And today with a dip in the market, I rolled lower in strike prices to collect more premiums.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to zsike for this post:

Reply



futures io > > > Zsike's Trading Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
My new trading journal - Trading Price with Volume philhm Elite Trading Journals 28 October 18th, 2011 09:46 AM
Koonan's Trading Journal nanook77 Trading Journals 4 May 28th, 2011 03:55 PM
Alex5000 Trading Journal alex5000 Elite Trading Journals 21 July 18th, 2010 09:25 AM
J's Trading Journal jinhar Trading Journals 43 April 23rd, 2010 08:15 AM
AR01 Price Area Journal (Not a trading journal) AR01 Emini Index Futures Trading 69 April 2nd, 2010 09:01 PM


All times are GMT -4. The time now is 05:17 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.12 seconds with 20 queries on phoenix via your IP 23.22.136.56