Finished up building charting matrix to track issues I’ve charted, dates I charted them, & days since charting, then charted multiple issues in preparation for Thursday trading da
Month: May 2021
Activity Log | 5.25.2021 | Tue. | 7.03 hrs
Building todo matrix within trading journal & formatting time stamp macros to work automatically. Building Charting Tracking Matrix, got stuck on macro that would copy & deposit data, figured it out eventually, and built solid matrix for tracking charts.
Activity Log | 5.24.2021 | Mon. | 6.28 hrs
Reformatting gameplan journal, reformatting macros for daily journal, needed to update, since adding new section to analyze potential profits & losses before & after entries on options. Studied 08 financial crisis while eating lunch, watched ‘Panic: The Untold Story of the 2007 financial crisis full coverage special report’ & other…
Activity Log | 5.23.2021 | Sun. | 7.78 hrs
Studying in depth relationships between option greeks. Continued building out excel to compute ratios between greeks to understand inner workings more thoroughly. Compiled trading journal & wrote daily overviews of trading day to post. Established format for doing so. Posted trades to Rama & Usman discords, then organized computer.
Mistakes | Week 21 | 2021
Did not trade based on underlying levels. Traded chop. Did not make or follow explicit game plans. 5.19.2021 Did not trade based on underlying levels. DId not trade based on underlying levels. Did not let stock run. Did not trade based on underlying levels. Traded chop. Traded Chop. Did not…
Activity Log | Week 21 | 2021 | 50.43 hrs
Updated/perfecting systems for exporting trade reviews, charts & statistics to Solace journal Posted all trade reviews, charts, & statistics to date since 4.21.2021 on Solace journal Created Greeks analysis matrix to compute relationships/ratios between greeks Traded 2 days 5.17.2021 – 5.23.2021 | 3026 min
Key Takeaways | Week 21 | 2021
• Strike is as important as direction. Trade on levels not arbitrary derivative price. Prepare for & be comfortable with drawdowns. • Biggest takeaways were learning to become aware of & comfortable with what drawdowns will look like now that you’re stepping into trading names other than apple. Learning not…
Activity Log | 5.22.2021 | Sat. | 2.43 hrs
Trade overview & studying in depth relationships between option greeks. Created excel to compute ratios between greeks to understand inner workings more thoroughly.
Activity Log | 5.21.2021 | Fri. | 7.1 hrs
Watched market & executed exit of swing trade (45 min). Did trade review & overview, compiled report of yesterday’s trading day. Reviewed charts I’d done prior to trading day, saw how spot on accurate my levels charted levels were. Spent evening researching option greeks & compiling trade journal.
Successes | Week 21 | 2021
Went with Trend Followed Game plans Cut losses quickly 5.20.2021 Good Entry, Followed Game Plan Multiple Confirmations on entry Followed Game Plan 5.19.2021 Went with trend Cut losses Quickly Went with trend Went with Trend Went with Trend Cut Losses Quickly Cut Losses Quickly
Trade Journal | 5.20.2021 | Thu. | $306.10
Key Takeaways: 5.20.2021 My biggest mistake today, I’m learning, was trying to scalp too far OTM options. Scalping OTM might be a viable strategy on 0DTE, but most of the time it seems there are far more elements working against you (particularly theta) from the start than if you were…
Key Takeaways | 5.20.2021 | Thursday
• Appropriate strike is as important as predicting direction • My biggest mistake today, I’m learning, was trying to scalp too far OTM options. Scalping OTM might be a viable strategy on 0DTE, but most of the time it seems there are far more elements working against you (particularly theta)…
Activity Log | 5.20.2021 | Thu. | 10.22 hrs
Charting in morning then traded + spent a bit too much time vegging & watching market (190 min | 3.17 hrs). Journaled & reviewed trades & then did in depth charting.
Successes | 5.20.2021 | Thursday
Good Entry, Followed Game Plan Multiple Confirmations on entry Followed Game Plan Trade 1 Successes: Solid entry, made & followed game plan. I’m proud of how I followed my plan for my entry & of the levels I’d placed beforehand. I also did not do anything stupid, just did some…
Mistakes | 5.20.2021 | Thursday
Did not have a clear exit plan. Panic Sold. Poor choice of strike price Entered in a dangerous zone, stops too tight. Did not trade levels. Trade 1 Mistakes: Did not have a clear exit plan. Panic Sold. I ALMOST didn’t, I’d clicked a price in active trader but had…
Game Plan | 5.20.2021 | Thursday
Did not create daily game plan.
Trade Journal | 5.19.2021 | Wed. | -$131.40
5.19.2021 Overview: Trade performance today was abysmal and, frankly, embarrassing to share. But I’m committed to doing so because I want to be transparent & thorough in review of my performance. Yesterday was my second day trading options on stocks other than Apple. I failed to trade based on underlying…
Key Takeaways | 5.19.2021 | Wednesday
• Trade based on levels not underlying $ • Trade performance today was abysmal and, frankly, embarrassing to share. But I’m committed to doing so because I want to be transparent & thorough in review of my performance. Today was my second day trading options on stocks other than Apple.…
Activity Log | 5.19.2021 | Wed. | 9.24 hrs
Charting & listening to Usman on voice, then traded (70 min), got pretty chopped up, first day trading multiple names. Reviewed trades & compiled screenshots of trading day charts, tweaked trading journal & monthly matrix to clear out glitches that came up on first daily export of trades to insta…
Successes | 5.19.2021 | Wednesday
Went with trend Cut losses Quickly Went with trend Went with Trend Went with Trend Cut Losses Quickly Cut Losses Quickly Trade 1 Successes: Went with trend, took the loss, but this is proving to be costly, but did go with trend, had thesis and entered. | Trade 2 Successes:…