Zareth's not-so-legendary journey - futures io
futures io



Zareth's not-so-legendary journey


Discussion in Trading Journals

Updated
    1. trending_up 3,116 views
    2. thumb_up 11 thanks given
    3. group 2 followers
    1. forum 39 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Zareth's not-so-legendary journey

(login for full post details)
  #1 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Ok, I've decided to start a journal here. Part of the reasons are actually listed in the sticky and another part is allow myself to be patient enough to profit from my analysis. Of course I'm also starting this to learn more and to fine tune my own trading which I know can use improvement. Impatience is the larger reason though and I'm hoping that by starting my journal here, where the people are both very knowledgeable and supportive, I'll be able to actually wait out the times when I need to wait instead of feeling like I need to be trading regularly.

With that said, I know that I'm not that patient a person. I also know that I don't really have a huge amount of funds to work with and that my risk tolerance might be too high. I'll mostly be trading options. The lowest expiry date I'm allowing for the options I trade in is to be at least a month away and I've decided (after my recent blunder) that this is the most risk I'm willing to take. I will also be trying not to put more than 50% of my portfolio into one company (I'm very tempted to though).

Now...on to my current holdings:

ALU March 20/2015 $3.00 calls - 30 contracts
BBRY December 2/14 $10.00 puts - 15 contracts
NOK January 17/2015 $8.00 calls - 20 contracts
SCON January 17/2015 $3.00 calls - 20 contracts

I'm mostly using the chart with a 10-day EMA and 20-day EMA to see which way things are going. Might add a 30 or 50 day EMA to it but not sure yet. BBRY is kind of like my experimental company. I'm bullish on the company but I went with puts because at the time, it felt like the trend was going down for a bit. The others, I plan to sit on until December or later.

Not really sure what else to add to my journal. But at least, it's now been started.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to ZarethKnyght for this post:

Can you help answer these questions
from other members on futures io?
Tradenlernen martin popov
Trading Reviews and Vendors
Multichart NET: where can i find esplanation on CustomIn …
MultiCharts
Weather services for trading NG
Trading Reviews and Vendors
Is there a way to rename an existing trade?
MultiCharts
Anybody uses Bookmap with Tradestation?
TradeStation
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
52 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
30 thanks
Big Mike in Ecuador
27 thanks
The tiyfTradePlanFactory indicator
25 thanks
 
(login for full post details)
  #3 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received


Closed my position in Blackberry puts at a loss. I knew it was a bad play but it was something I was experimenting with and in a way, my experiment proved to be a success. It helped me to fine tune my system and now I'll try and sell when the 10 day EMA goes below the 20 day EMA and see how that goes.

Decided to go back to being long on BBRY with calls set to expire in March. I don't know if they'll be trading at the levels I want them to but at least I know for sure that the trend is going to be continuing upwards now with it. I want to buy puts for HLF but...meh...maybe another day.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #4 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

I had noticed that NOK wasn't moving either up or down yesterday and decided to place a market order to sell my contracts at $0.52 each. They went through and the contracts were sold for a small 6% profit after commissions were paid out. Small but considering the lack of volatility in it, I think it was better than the loss I would've taken if I had sold it today. This is somewhat further support that the system I have in mind will work as long as I stick to it. The rest is all in my psychology.

I decided to put a day order to buy some puts in INVN whom I've noticed have been on a down trend. I don't expect it to get filled though as I'm asking for a much lower price than what most others are asking for. It just felt weird to let my money sit around as cash when there were still movements taking place. I might need to improve my ability to find stocks that are moving well though and are at a good price for me to buy/sell contracts in.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #5 (permalink)
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received

Advice:

Sell in the money calls 30-45 days exp
Buy out of the money puts, also 30-45 exp
Wait 10 days and exit both

Try it out in Sim first.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Zxeses for this post:
 
(login for full post details)
  #6 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Thanks, I'll try that out. Do that for the same stock or different ones? Also isn't selling calls and buying puts both for trends going in the same direction?


Anyway, I bought 100 shares on FOLD today. Trend direction started going up today. Looked around and saw that their medical product testing was giving out good results. Figured I might as well follow it up a bit.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #7 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

This journal has definitely helped me with the sitting part of my strategy. I don't feel as impatient as I used to. I did set some exit points to take profits on FOLD, SCON and ALU though. I set the 100 shares of FOLD to sell if it hits $9.00 per share although I'm tempted to sell some covered calls on it to learn how that works. For SCON, since I got them for $0.20 each and it's trend looks to be going sideways, I decided to see if I can sell the contracts for $0.30. Liquidity for it seems to be low too so it's not a position I want to be in for much longer. Might drop it to $0.25 next week if it hasn't been grabbed yet. And for ALU, trend is still going up but just in case, I set it to sell my contracts if people buy it for $0.70. I might get back in if they pass their resistance level, which seems to be around $3.80 per share.

Placed an order to buy some BBRY puts since there seems to be a short term trend going down. Figured there's a fair chance it'll drop down to $10 or under if/when another analyst downgrades it again for whatever reason. Not sure if it'll go through but we'll see.

Edit: The order for buying BBRY puts went through. So I now have 5 contracts for BBRY puts at $10.50 strike and expiring on December 20th.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #8 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold my shares in FOLD today. Based on it's history, the impression I received of it was that it won't go to a new high again until more solid results for it's products are out now. So I sold it for a small profit and decided to buy a call contract in AAPL. AAPL is still on an uptrend and today feels like a dip in its movement. Whether it's from people taking profits or some other reason, I don't really know but seems like a good time to get in. The call contract has a strike price of $115 and is set to expire on March 20, 2014. I can see it hitting $125 before that.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

AAPL has been behaving rather oddly lately. I'm also not hearing a lot of good news about it and its trend direction seems to be changing. I decided to sell the call contract I had and buy some puts instead. I bought 2 contracts with a strike price of $100 that's set to expire in February 20th, 2015. They're ignoring the people that make them money and seem to be more focused on pleasing their shareholders. I might have jumped on the gun on this trade but I'm seeing so many things screaming that it's dangerous to be bullish on it.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received


It's been a bit busy so I didn't have time to update right away. But some changes in my portfolio have taken place now.

I sold the BBRY put contracts for a small profit and bought 6 call contracts for $10 with expiry date of March 20. Half of my ALU contracts have also sold for a fair bit of profit. The announcement about lower revenues made me decide to buy 1 put contract in BBRY but I don't really expect it to turn a profit since the company is now generating profit instead of losses.

One thing I have decided is to leave the rest of my portfolio as is for now. Next step is to decide where the profit I made from the sale of the ALU contracts are going to go. I'm keeping an eye on INVN and AAPL for now. Tempted to hedge my puts in AAPL but if the trend for INVN changes, it might be more worthwhile to buy some calls/puts there. It's been going somewhat sideways since the huge drop at the end of October.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #11 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Decided to buy 100 shares of WPRT just to test out an idea I'm playing with. I don't expect it to work out too well and that's why I decided to buy it as shares instead of options contracts. Not to mention that there isn't a lot of activity with it and as such, I feel it would be harder to buy/sell contracts with it. Will have to see how it goes.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #12 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold all my BBRY call options and bought 5 put contracts. Strike price is $11 and expiry date is April 17th. Going to see if I can get some call options for TD as well. 5 contracts with strike at $47.50 and expiry date set to April as well.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Made a rather large change since the market doesn't seem so bullish anymore. I've sold all my call options now (some at a profit) and have bought puts of the following:

AAPL (5 contracts, strike price of $106 set to expire Jan 17 2015)
BNS (5 contracts, strike price of $55 set to expire Mar 20 2015)
TD (2 contracts, strike price of $45 set to expire Mar 20 2015)


The BBRY put contracts, I bought 5 with strike price of $11 set to expire Apr 17 2015.


I feel that I'm making progress in reading the chart as I'm starting to lose a lot less than before and am also seeing bigger gains. Still an overall loss so far but I think I can get back up there to where I was.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #14 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off my AAPL puts for a bit of a loss. Lets see if what I learned from this will prove to be successful or not since it let me learn something interesting.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold:
5 BBRY put contracts with $11 strike price and expiry date of Apr 15, 2015 for profit of 40%
5 BNS put contracts with $55 strike price and expiry date of Mar 20, 2015 for profit of 233%


Bought:
5 CM put contracts with $75 strike price and expiry date of Mar 20, 2015


Should I add more details to my journal?

And I'm starting to feel glad about not having given up on trading even after taking the losses I've taken. Things are starting to fall in place. This journal is doing wonders for when I need to sit out and watch so I'm ready for the better moves.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Decided to buy 10 put contracts for BBRY with strike price of $11 and set to expire Mar 20, 2015. Also bought 2 put contracts in AAPL with strike price of $107 and expiry date set to Feb 13, 2015.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #17 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

I have one regret so far: I wish I had been paying attention to the banks in the US as well instead of only focusing on the Canadian banks. To make some amends (and because the trend still seems to be down for my time frame), I decided to buy 1 put contract in C (Citygroup) with strike price of $47 and expiry date of Mar 20, 2015.

Oh well, no need to dwell too much on the past. I've still managed to start gaining now.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #18 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

I sold my puts in AAPL due to me misreading the signal. Might have been a good thing since it allowed me to put into practice actually following my signals. Not to mention it's trading near its support level (even if a loose one).

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #19 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off my 10 BBRY puts at a 20% profit. It's encountering a lot of support around the $10 mark and had spiked above it's 7 day EMA. As such, that's a signal to be on the other side or wait if I want to be more cautious.

Sold off the single put contract in C for a 33% loss. It doesn't seem to be going further down and I'd rather have the money elsewhere.

Decided to follow the buy signal on BBRY and bought 20 call contracts with a strike price of $10 set to expire on Apr 17, 2015.


Thought about taking my profits in TD and maybe CM but they haven't changed direction yet so I decided to leave things as is with the rest.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #20 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

I noticed a buy signal coming from the top US banks. I decided to buy 12 calls in BAC with strike price of $16 and expiry date of Apr 17, 2015.
Sold my 2 TD puts for about 115%ish profit.


On a site note, I think I need to stop reading the news articles. So much bias and misinformation flowing in those articles that make me wonder if I'm doing the right thing. Bad idea since these signals I've been following have been making me profit.

Update: Sold my 20 BBRY call contracts for about 40% profit since it was reaching its resistance level. Decided to take a bit of a cautious approach and bought 10 put contracts in BBRY with $11 strike price and expiry date of Apr 17. I don't see it breaking past the $11.50 mark any time soon on rumors and today's move was based purely on the buyout rumor that won't happen. While I don't expect any major moves until March in the stock, I decided to reduce my exposure to the put side of it just to be safe.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #21 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Bought 25 more BBRY put contracts with strike price of $11 and expiry date of Apr 17, 2015.
Sold the 5 put contracts with CM for about 24% profit.

Sold my calls in BAC too. It looks like it was a false break. I still made a small 10%ish profit so I guess it's ok.

Edit: Bought 6 calls in TD with strike price of $42.50 and expiry date of Apr 17, 2015. Saw the buy signal and nabbed it.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #22 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold the TD calls as the trend reversed. Small loss but probably for the better. I switched sides and bought some puts with strike of $42.50 and expiry date of Mar 20, 2015.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #23 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Bit late of an update but sold my 35 BBRY contracts for about 10% profit. Small but noticed a big event at AAPL. I'm glad I noticed as I decided to buy 10 call contracts with strike price of $111 set to expire on Mar 06, 2015.

The ER proved to be eventful and looks like it'll be a nice bit of a gain. Hoping for another large move tomorrow.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #24 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold my contracts in AAPL for an 82% profit. No new moves otherwise.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #25 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold my 5 puts in TD for 100% profit.

Bought 10 new Call contracts with AAPL with strike price of $121.43 and expiry date of Apr 17, 2015. Bought 10 Put contracts in BABA with strike price of $87.50 and expiry date of Apr 17, 2015. Also bought 10 Calls in BBRY with strike price of $10 and expiry of Apr 17, 2015.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #26 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

The sitting and waiting around is really hard to do at this point for me. I can feel myself becoming impatient a little to make trades. But I've been managing it since the trend itself hasn't reversed fully yet. It's been going against me and on paper, it's currently a loss but I've been sitting on it.

I think I'll add a new rule to follow starting from my next set of trades even if this one goes well. If it moves against my position a certain amount, I think I will get out of that position until direction stabilizes. Just need to work out whether that amount will be based on my total equity or the amount put into the trade itself.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #27 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

BABA wasn't continuing it's downward trend from the looks of it so I sold off the puts I had in it for a small 10-11%ish profit. Decided to buy some calls in TD and BAC since they had entered an upward trend recently. Bought 10 contracts in TD strike price of $42.50 and expiry at Apr 17, 2015. Also bought 20 contracts in BAC with strike price of $16 and expiry date of Apr 17, 2015. And just because it seems to be entering a downtrend, bought 4 puts in MCD with strike price of $92.50 and expiry of Mar 27, 2015.

Still holding out for that move from AAPL. I'm starting to wonder if it will break $120 or not at this point. But holding onto it for now as its trend hasn't gone the other way yet.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #28 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Some changes. MCD's trend reversed on me so I got out of that with a small loss. Used what I recovered to buy some calls in MSFT. Might have to sell it again tomorrow so not going to bother with the details of it.

BBRY wasn't moving much so I sold that off too. Bought a couple of contracts in HD at $110 strike and Apr 17 as the expiry date. Had some small cash on hand, so decided to play around with it and bought a couple of BBRY puts.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #29 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off the 10 AAPL contracts for around 66%ish profit.

Re-establishing my call position though in AAPL on today's little dip. So I bought 14 contracts with strike price of 125.71 and expiry date of Apr 17, 2015. Their trend is still up. So why not make more money out of em~

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #30 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Welp, took some small losses today with BAC and TD since the trend direction turned. Sold the contracts I had in both and also took profits from MSFT since it looked like it was consolidating.

Bought 50 BAC put contracts though at strike of $16 and expiry of Apr 17, 2015. Looks like OPEC wants Oil to go down a bit more and banks just seem to want to follow. Thankfully I've learned that it's better to take the small loss than wait around while opportunity passes by.

My capital has almost tripled since I started in January. Hopefully I can continue to make large gains through out the year. May Fortune favour~

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #31 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

The trend changed for HD as well looks like. Welp, not sure how their ER next week will be but I guess I'll get on the short side of things for now. I'll see on Monday whether to switch or not.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #32 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off the 12 contracts I had in HD since the trend direction had decided to go the other way. Took about a 34% loss on it.

This next bit is actually a prediction that I probably shouldn't be making but I'm not expecting the ER from HD to be as positive as analysts are expecting. So I'm going to try to re-position puts in HD. This is an experiment that I might have to write off as a loss as I'm testing something different. We'll see tomorrow.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #33 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off all my positions. HD was a loss as I had expected. BAC was also a loss as it seems to be consolidating right now. AAPL was a nice 66% profit. Overall, still a gain even with my experiments. I'm still managing to keep my losses small.

Decided to put it all into LOW since their ER is tomorrow morning. Expectation is similar to that of HD even if not as big a movement. Trend seems to be suggesting a break out though so who knows, might give me better profits than I'm expecting. I'd be ok even with a 25% gain though tomorrow.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #34 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Welp, that turned out badly. I guess their ER wasn't good enough for most people and LOW's trend direction changed. I did notice a nice dip happening with AAPL though. So sold off my LOW contracts and bought 14 AAPL call contracts. I just hope it's not my imagination or hope that's getting involved in buying calls for AAPL instead of puts.

24% loss roughly today.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #35 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Recouped some of my losses from LOW yesterday. But the trend for AAPL seems to be turning. Decided to sell the calls I had for it and take my profits. Bought 20 calls in OPK since I noticed an uptrend with them. They have an earnings call at the end of the day but to be honest, I'm not expecting too much. Also noticed a downtrend with BABA and bought 10 puts. Bought 15 puts in AAPL as well. Will have to see how it goes.

Sold AAPL calls.
Bought 20 OPK calls strike of $15 and expires on Mar 20, 2015
Bought 10 BABA puts strike of $87.50 and expires on Apr 17, 2015
Bought 15 AAPL puts strike of $125 and expires on Apr 17, 2015

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #36 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off my OPK and BBRY contracts. They both hit the 25% loss cut off point. I'm seeing a lot of consolidation in the companies I've been following lately. Wondering if there's going to be a bear roaring soon or not.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #37 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Welp, another gamble I took went wrong. Too much emotion from the public attached to LL it seems. Took about a 25%ish loss on it and ran before it went any more down. Holding the position as cash for now while stocks consolidate.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #38 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Took some losses through some stupid mistakes where I was ignoring the trend. Noticed a small uptrend in TD but bought puts instead of calls without thinking. Lost about 20% on that. Switched sides and fixed it by buying calls in TD now.

Managed to learn some things from these mistakes though. Even though I had kept tacking on the 30 EMA, I never used it but now understand better why it's there. It's a tool that's helpful in determining when a stock is consolidating (sideways trend) easier. Another thing I learned out of this is why people say that you'll have more losses than wins from following the trend. Seems that during a consolidation phases, it's easy for things to turn the other way quickly.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #39 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Blargh. Screwed up quite a bit. Even though the signs kept telling me to stay out of the market as everything was consolidating, I kept trying to get in. Ended up making a lot of trades that kept going against me and now I'm down to less than what I started with. Welp, another expensive lesson learned. Thankfully, the safety guidelines I had developed have kept me in the game instead of taking me out fully like before. Now to start back from square one (or square/2).

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #40 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Sold off all the contracts I had and bought some calls in TD with strike of $45 and expiry of July, 2015. It's trend seems to be more set now.

Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > Zareth's not-so-legendary journey


Last Updated on April 9, 2015


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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