Category Archives: Trading Journal

Whoa, big gap up today. Just over $1 to the profit target.

Considering opening a position of SH (short SPY) depending on what price does in the next few days.

If price is going to go down, there’s no reason I shouldn’t make some money on it while I’m waiting for it to go back up to my target profit (or at least get close enough where I can sell some covered calls).

And price wasn’t where I wanted it to be to sell the calls, so I didn’t sell any, and now I wish I did last week because price is going down nicely.

Day one of teasing complete.

I should write a few 134 or 135 calls. Since I’m going to sell around there anyway I might as well get paid to wait for price to hit that level, right? I could write like 9 calls and then sell the leftovers manually.

Profit target is $134.50.

So close.

Currently up $6,677.40.

Here’s the PnL:

Price will probably go down and tease me for a few weeks now.

mad resistance for the last 3 days.

So close to profit target!

$5-6 per share.

Go rally go!

getting closer.

Somewhere between $4-5 per share gain right now.

yeah, making money on SPY, go!

In at 128.

In more at 126.

Average cost below 127.

Close today at 129.74.

Trades today:

short:
1025.25 x 1
Out:
1022.50

$132.90 net

short:
1016.75 x 1
out:
1014.00

$132.90 net

short:
1011.25 x 1
1012.50 x 3
out:
1007.50

$919.10 net

short:
1007.5 x 1
1008 x 3
1008.50 x 5
out:
1010

-$841.40 net

$343.50 so far for the day.

Dunno where my buy/sell arrows are.

Here’s the loser:

market has been going straight up since that loser maketrket has been going straight up since that loser. That’s why when averaging down you ALWAYS have a hard cutoflsoss and don’t try to do martingale. Just take the loss and move on to the next trade.