Trading journal

[Divorced w 3]

Long the October 400 Tesla calls - $3.55

 

[Divorced w 3]

Open and closed : Long the CRM 400 Leaps -> 100% profit (bought at $2, sold at $4)

 

[BackInTheGame78]

The better buy would have been on the mitigation of the bullish order block on that long wick before it got to the trendline.

SMC concepts are far better than retail trendlines and support/resistance IMO

Then again, not sure when you looked at the chart so that might have happened prior to it being in your radar

Either way, nice trade!

 

[Divorced w 3]

The better buy would have been on the mitigation of the bullish order block on that long wick before it got to the trendline.

SMC concepts are far better than retail trendlines and support/resistance IMO

Then again, not sure when you looked at the chart so that might have happened prior to it being in your radar

Either way, nice trade!

That Tesla chart is zoom out level illustrative I did not trade the monthly, I was more interested in the weekly and daily setup and it’s finally in motion which is what counts. I am not trying to buy a bottom, I’d have been sitting there for a three month period waiting for this to take off. Trying that strategy got me destroyed twice in TLT, which I did twice against my better judgement and I won’t do it again. I will sit there and hold it for a few weeks if needed or longer. Either way the stock is finally moving, which is what matters. Compounding well requires money in motion. The salesforce trade I would have held longer but it did what it did and it traded right into its 200 day average and it doesn’t look good like this one does. Can’t argue with an easy double so it was time to move along.

 

[BackInTheGame78]

That Tesla chart is zoom out level illustrative I did not trade the monthly, I was more interested in the weekly and daily setup and it’s finally in motion which is what counts. I am not trying to buy a bottom, I’d have been sitting there for a three month period waiting for this to take off. Trying that strategy got me destroyed twice in TLT, which I did twice against my better judgement and I won’t do it again. I will sit there and hold it for a few weeks if needed or longer. Either way the stock is finally moving, which is what matters. Compounding well requires money in motion. The salesforce trade I would have held longer but it did what it did and it traded right into its 200 day average and it doesn’t look good like this one does. Can’t argue with an easy double so it was time to move along.

Gotcha...fair enough. I typically am intraday with futures so my bias is usually based on the D chart but moreso the 4H and the 15 minute chart showing a change of character from a supply/demand zone.

Then buy/sell when it drives back into that zone since the institutions/hedge funds tipped their hand on where they want to take price.

Forex I will hold a little longer at times, sometimes a day or two, but I prefer getting in and out relatively quick.

I'm assuming you are more of a swing/long term trader?

 

[Divorced w 3]

Gotcha...fair enough. I typically am intraday with futures so my bias is usually based on the D chart but moreso the 4H and the 15 minute chart showing a change of character from a supply/demand zone.

Then buy/sell when it drives back into that zone since the institutions/hedge funds tipped their hand on where they want to take price.

Forex I will hold a little longer at times, sometimes a day or two, but I prefer getting in and out relatively quick.

I'm assuming you are more of a swing/long term trader?

Yes I am and I have a lot of experience covering and speaking with those hedgies and I can show you that the easiest way to understand and see what those guys are doing is actually to look at Mark Minervini and his process. You will see those names on tv or see the holders disclose weeks after you get in and realize they were moving it around. VRT was bought by Coutue about mid 2023, I started buying it Sep 23, it was 20’s when they did, I got in late 30’s, which I really should not have and now it’s 90 and they’re using the trade on their presentation deck for their new fund. Coutue is a Tiger Cub. For clarity I am not employing that strategy on either of these trades.

 

[BackInTheGame78]

Man this one hurt today...saw the set up on the H4 and 15M and just missed getting tagged in.

 

[FlirtLife]

Open and closed : Long the CRM 400 Leaps -> 100% profit (bought at $2, sold at $4)

View attachment 12792 View attachment 12793

Options are traded within a bid-ask spread, so I'm doubting it was as clean as you claim. I also noticed no mention of commissions.

 

[Divorced w 3]

Long the October 400 Tesla calls - $3.55


View attachment 12789

Sold to close 6.39 — underlying 265.30

 

[BackInTheGame78]

Options seem like there are too many things that can go wrong and took many ways to lose money like the theta.

I just stick with futures where it either goes up or down and I'm right or wrong.

Options seems like you can be right and still lose money.

 

[Divorced w 3]

Options seem like there are too many things that can go wrong and took many ways to lose money like the theta.

I just stick with futures where it either goes up or down and I'm right or wrong.

Options seems like you can be right and still lose money.

A lot of people misunderstand them but that doesn’t make it true. Like the legal profession, options professionals with expensive degrees have attempted to bar the entry to the market with unnecessarily geeky and complicated theories and literature so I would suggest reading Tony Saliba’s book Managing Expectations. It is a plain English book written by one of the most authoritative practitioners in the trade and he is a pretty regular guy.

As to your point, I bought the octobers because theta exists mostly within 30 days of expiration, theta and volatility work almost inversely of each other. So by owning the longer dated contract I capture not only price appreciation but volatility appreciation which on a stock like this one that’s being squeezed to the moon, was extra gravy. Vol is the reason I like options over futures once I wrapped my head around it. When you understand Greeks and the way to express your view you can get more than just offered by leverage and you can define your risk and move your positions around in a way that cash or delta one like futures cannot offer. I may be a day early getting out I was looking for spot price 270 but I have to golf tomorrow and not going to stick around and wait. I’ll live with 80% in 6 days

 

[Divorced w 3]

I was up 5500 on 700 over a few days playing roulette using the Kelly criterion bet sizing approach, ended up walking out up 3500 as the trip was coming to a close. I am only posting this due to Kelly criterion guiding most professional traders on their bet sizing. Also, I was incredibly lucky in having mistaken a key parameter on the bet info for the wheel and basically getting away with it for a couple days as ‘red’ seemed to be hot because in retrospect I was wrong and actually had negative edge.

 

[Divorced w 3]

Long LUMN @4.15
Long QQQ @ 441.60

 

[Divorced w 3]

Sold QQQ @ 446.48
Long BITU @ 22.51

 

[Divorced w 3]

LUMN signed a $5 billion contract to outfit Microsoft’s AI centers with fiber optic cable and on earnings call yesterday stated have another $7 billion of sales in pipeline, but also that they’ll realize the entire Microsoft contract in 4-5 years while also knocking $1 billion out in unnecessary overhead. JPMorgan and Goldman both upgraded the stock while UBS raised their price target.

 

[Divorced w 3]

Long BITU @ 23.22 (Doubled position), avg px 22.87

 

[Divorced w 3]

Converted the LUMN to the 25 delta January calls - sold LUMN @ 5.17, bot Jan 10’s @ .65