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Trade for a Living
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Trade for a Living

  #21 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

July 3 wrap

Option Side: Well, no surprise, ES climbed to 3000. I have no predictive abilities whatsoever and was able to see that coming, so I bailed out of plenty of Calls early and often today. I also bought back several Puts while I was at it. I didn't do too much new. Rolled just one of the Puts and did sell a EW1Q 2800 Put for 9.25. At the close, I sold 1 EW1Q 3075 Call for 6.75. So, in the end, more buying than selling today, not my preferred MO, but all in all I think I did quite well handling the move. My open premium will likely be less but my position is much more in balance, and I'm fairly light going into the Unemployment report and holiday weekend. Down about 550 today, but feel like that was about as good as I could have hoped for.

Day Trade: Originally planned to take the day off, but the necessity of closing Calls meant I would be at my desk, so might as well trade the Micros as well. And the good run continued. I put all three legs on, bailed out of 1/2 at 600, and then half of that at 700. I did mess up the final exit a little (didn't go in the proper order, which is designed to keep me from being unspread) and finished the day +659. So, not bad, I'll take it.

Final numbers in the morning. Happy holiday to all.

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  #22 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

Final 7/3 Numbers

Options P/L: -554.32 Month: +1389.94 *Total: +42.59
DayTrade P/L: +659.01 Month: +2532.13 *Total: +10,479.25
Premium Sold: 5337.50
Premium Paid: 7132.50
Open Premium: 2432.50

* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #23 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

July 5 Wrap and Final Numbers


Mistakes. That's the word of the day. Went to the wife's friend's place for the weekend. Didn't have my desktop, nor my little Python program that does my calculations. Smart thing to do would have been to stay out. Went golfing Friday and tried to trade just using IB's mobile app. Mistake.

Option Side: Attempted to close a Short Put when the market started heading down, just so I wouldn't have to worry about anything while I was playing golf. Did not know until just a few minutes ago that I actually closed a Short Call instead for 9.00. As it turned out, not too much harm done as the market recovered quite a bit in the afternoon. I should be easily able to fix things and get back to where I want to be during the Monday session. Still, a mistake and those are never good.

Day Trade: In response to a question earlier, I said that most of the time % change would be just about the same as what I use. Friday (of course) turns out not to be one of those days. Not sure the end result would have been significantly different, but I was in the wrong contracts. Got down about 500, stayed there until late morning, then the trade rallied and got positive about 250. Alas, that was the highwater mark, and when I bailed out at the end of the day I had lost $315, ending a record-setting winning streak. Win or lose, it was a mistake to put a trade on. In any event, that's a deal I'm willing to make. I ask the market to reward me when I do the right things. Sometimes it does. Sometimes it doesn't. It's only fair that I pay the market when I do not do the right things, so no complaining out of me. Market gave me what I deserved and we move on.

Options P/L: +406.82 Month: +1796.76 *Total: +449.41
DayTrade P/L: -314.94 Month: +2217.19 *Total: +10,164.31
Premium Sold: 875.00
Premium Paid: 450.00
Open Premium: 2445.00

* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #24 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

July 8 Wrap

Option Side: Sold a Call to replace the one I accidentally sold on Friday. Did not buy back the Put as I am taking a wait and see approach to that one. Probably a mistake not to close a trade that was entered in error, but we'll play it out and see what happens. Market was down and VIX was up, but Theta was working for me. Up about 400 for the day.

Day Trade: Nothing good here today. I think the best the trade ever reached was up 76 dollars, and it was all down hill from there. Down about 865 on the day.

Final numbers tomorrow morning.

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  #25 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

Final 7/8 Numbers

Options P/L: +405.97 Month: +2202.73 *Total: +855.38
DayTrade P/L: -868.86 Month: +1348.33 *Total: +9295.45
Premium Sold: 425
Premium Paid: 0
Open Premium: 2462.50

* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #26 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

July 9 Wrap

Option Side: A day of reshuffling. I closed some nearly dead options, bought some cheap ones, and added a EWQ2 2800/3050 strangle. Market up and VIX up a little as well. Finished positive by about 40 bucks.

Daytrade Side: Back on track. Ended our modest 2 game losing streak. Worked right out of the gate. When I got +1000, I closed half. 90 minutes later I was still up about the same, so I just bailed. Finished +1031

Exact numbers tomorrow morning.

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  #27 (permalink)
Lenox, Ma
 
 
Posts: 171 since Dec 2018
Thanks: 214 given, 428 received


jba1962 View Post
Option Side: A day of reshuffling. I closed some nearly dead options, bought some cheap ones, and added a EWQ2 2800/3050 strangle. Market up and VIX up a little as well. Finished positive by about 40 bucks.

Daytrade Side: Back on track. Ended our modest 2 game losing streak. Worked right out of the gate. When I got +1000, I closed half. 90 minutes later I was still up about the same, so I just bailed. Finished +1031

Exact numbers tomorrow morning.

Long NQ, Short YM?

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  #28 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

Long NQ, Short YM?

Yep!

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  #29 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

Final 7/9 Numbers

Options P/L: +22.11 Month: +2224.84 *Total: +877.49
DayTrade P/L: +1030.38 Month: +2378.71 *Total: +10,325.83
Premium Sold: 1012.50
Premium Paid: 657.50
Open Premium: 2750.00

* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #30 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

July 10


Option Side: No activity today. All the heavy lifting was done on Tuesday. The positions are in good shape. Probably won't do much Thursday either unless opportunities present themselves and/or the market dictates action to be taken. Up 465 on the day.

Daytrade: What a screw up of a day! Definitely I/O errors today (I/O in this case meaning Idiot Operator). Had a very difficult time getting the 2nd leg on as the market took off about that time. By the time I got both sides of the spread on I had incurred 306 dollars worth of slippage. So then? Like a raw rookie I added more to the position in hopes of "making up" for the slippage. Of course the trade went against me immediately and I exited the additional part with a 500 dollar loss. Then (naturally) the trade started working. At one point the trade was positive 400, but I was down 400 due to the poor execution and decision-making on my part. The only smart thing I did all day was not add to the position again. The trade went against me another 800 dollars before I cried uncle and got out with a 1200 loss (even though the actual trade was only down 400 at that point). Then, as you would imagine, it came back. The trade finished slightly positive (+175) for the day. But not me. Yikes. Traded like an amateur today.

Options P/L: +465.00 Month: +2689.84 *Total: +1342.49
DayTrade P/L: -1206.51 Month: +1172.20 *Total: +9119.32
Premium Sold: 0
Premium Paid: 0
Open Premium: 2285.00

* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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