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Trade for a Living
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Trade for a Living

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

July 11 wrap

Option Side: A nothing day. Rolled one Put from EW3N to EW2Q. Market was up, but volatility didn't drop. Up about 35.

Day trade: Another extremely frustrating day. I finished +669, but the trade was up over 2500. A bad entry on the first trade put me a little behind, but not too bad. The 2nd trade was similar to yesterday, in that I couldn't get in properly. Unlike yesterday, I didn't want to chase it, and I didn't want to take another hit on slippage. So I waited for it to come back to me. It never did. I did manage to execute the 3rd trade, but I was lagging by almost 800 dollars. I still managed to get positive about 1300 and then it went against me. When it broke below 700 for me, I just bailed, and then the trade worked beautifully the rest of the day, but no value for me as I was already out. I think the frustration from the bad entries yesterday and today caused some impatience that I probably would not have had otherwise. So again, I feel like I did a bad job. The decision making was much better than yesterday, but the execution was poor. It did make me wonder though: Which is worse? a) Losing 1200 when you should have been slightly positive? or b) Making 669 when you should have made 2500? I don't really have an answer, as I find both scenarios equally irritating.

Exact numbers in the morning

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

Final 7/11 Numbers

Options P/L: +54.66 Month: +2744.50 *Total: +1397.15
DayTrade P/L: +667.91 Month: +1840.11 *Total: +9787.23
Premium Sold: 425.00
Premium Paid: 175.00
Open Premium: 2477.50

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

July 12 wrap


Option Side: Another rally. Some strong Theta pull and a little VIX drop were almost enough to overcome the increasing Delta. But not quite. Down about 50 for the day. Closed one Put. Added nothing new. If the rally continues Monday (and when does it not continue?) I will have to close and/or roll some Calls. But, if so, that's what we'll do.

Day Trade: Another day, another mistake. My second leg buy should have been a 10-lot and I managed to enter it as a 1-lot. By the time I noticed, I had missed 190 dollars. On the positive side, I did the right thing after that. I didn't chase it. I didn't try to make up for it. I simply bought the other 9 units and chocked up the 190 as "what could have been". The trade was mostly sideways all day with 2 "pops" interspersed, and I finished +683 for the day and positive for the week. I'm certainly hoping for better performance out of myself next week. Win and losses happen, but I, as the trader, should be pretty much flawless.

Exact numbers tomorrow.

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

Final 7/12 Numbers

Options P/L: -53.92 Month: +2690.58 *Total: +1343.23
DayTrade P/L: +682.56 Month: +2522.67 *Total: +10,469.79
Premium Sold: 0
Premium Paid: 60.00
Open Premium: 2470.00

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

7/15 Review and Wrap

Option Side: Another up day in the market, but not much. Sold 1 Put. Did nothing else.

Day Trading: Not much excitement here either. Trade ranged from -230 to positive 650. Waited too long to exit and ended up +291.


Options P/L: +163.58 Month: +2854.16 *Total: +1506.81
DayTrade P/L: +291.32 Month: +2813.99 *Total: +10,761.11
Premium Sold: 450.00
Premium Paid: 0
Open Premium: 2755.00

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

July 16 wrap

Option Side: Another relatively quiet day. Rolled 1 of my 3 EW1Q 2800 Puts to a EW3Q 2900. A little closer to the money than I like, but it was a 1-Lot and I needed some Delta on that side. Up about 200

DayTrade: More excitement than I would have preferred today. The Russell got me not once, but twice with its fakeouts resulting in the somewhat rare, and never loved, double negation. So I had to run with 2 closed losses and only the single remaining leg. Decided to go very very heavy on it in hopes that it would work. And it did, so I am grateful for that. When I got to even, I bailed and I have zero regrets about that. A ding to my discipline score for going in so heavy, but not too bad considering my first two legs were completely off the board. So, got one of 3 right and it was just enough. Barely.

Exact numbers in the morning.

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

Final 7/16 Numbers

Options P/L: +202.16 Month: +3056.32 *Total: +1708.97
DayTrade P/L: -1.10 Month: +2812.89 *Total: +10,760.01
Premium Sold: 562.50
Premium Paid: 145.00
Open Premium: 2967.50

* 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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The following user says Thank You to jba1962 for this post:
 
  #38 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

July 17 wrap

Option Side: Started the day with a Delta of Zero. That is very rare. I don't even try to get there, but at that snapshot in time, I was perfectly neutral. Didn't stay that way of course, as the market sold off and implied volatility rose. Was only down 20 bucks or so until 3:45 EDT when the sell-off accelerated. Finished down about 250. Coincidentally, about the amount I was down for the day on the Put I sold yesterday.

Day Trade Side:A rollercoaster of a day. Trade worked brilliantly initially, shot up to +1100 almost immediately. Then it went into a free fall, at one point reaching -400. But then the rollercoaster came back up to +1025, before starting back down. I jumped off at +707. Trade execution was good. No repeat of last week's fallacies this week. So far.

Exact numbers in the morning.

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The following user says Thank You to jba1962 for this post:
 
  #39 (permalink)
TampaFL
 
Trading Experience: Master
Platform: TWS
Favorite Futures: ES
 
Posts: 94 since Oct 2017
Thanks: 29 given, 154 received

Final 7/17 Numbers

Options P/L: -291.42 Month: +2764.90 *Total: +1417.55
DayTrade P/L: +706.52 Month: +3519.41 *Total: +11,466.53
Premium Sold: 0
Premium Paid: 75.00
Open Premium: 3182.50

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

July 18 wrap


Option Side: Rally resumes. IV drops a little. Sold 1 Call. Did nothing else. Up about 250 for the day. Would have been much better had I sold that Call at the close instead of at the open, but, oh well. I needed some Delta on that side and nobody told me the ES was going to rally 30 points. As always, I'll close, roll or adjust as necessary. We shall see.

Day Trade Side: Another rollercoaster. Strange. More so than usual. These are spreads after all. I love the granularity of trading the Micros but I am starting to wonder if it is causing bigger than usual swings in my trading, both positive and negative. Today was +300, -650, +1300, at which point I closed half. Up to +1700, then a drop. By the time I got out of the rest I was +905. Not a bad day by any means, but I let a lot get away from me.

Exact numbers in the morning.

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