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Average Joe's Trading Journal

Discussion in 'Trade Journals' started by AverageJoesTrades, Mar 3, 2020.

  1. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Well now that I can no longer trust Robinhood since they were down for an entire day as well as 1/2 of an additional day I am creating this new journal with my other brokerage Interactive Brokers. This will be a mix of stocks/futures/options.

    As of yesterday I only had $2,043 in my interactive broker's account, which I currently have 2,767.34 transferring. At the close yesterday I bought the following - all 3/20 expiration:

    1 SPY 312 Call @ 5.79
    1 QQQ 218 Call @ 5.22
    1 XLV 97.5 Call @ 2.29
    2 XLU 66.5 Calls @ 1.15
    1 XLK 94.5 Call @ 2.12
    2 XLP 61.5 Calls @ 1.12

    Sold them all today right after the FED announcement
    1 SPY 312 Call @ 6.74
    1 QQQ 218 Call @ 5.56
    1 XLV 97.5 Call @ 3.00
    2 XLU 66.5 Calls @ 1.52
    1 XLK 94.5 Call @ 2.10
    2 XLP 61.5 Calls @ 1.39

    I then Stupidly bought 8 SPY shares @ 310 and sold for a loss @ 303.58 an hour or so later.

    Overall positive today $262 or a little more than 10%
     
  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Picked up 1 June S&P futures contract this morning at the market open

    1 contract @ 3048.25
     
  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    ok - blowing the dust off this bad boy.

    I'm going to focus mostly on options here. Starting with $4,000 in profits from holding some futures contracts back in early June. I will be deploying 1/2 of the $4,000 at the close and if it opens against me - I will average down the other 1/2 account at the open. I'm only looking for a 25% gain each deployment, which compounded will take be 25 trades to hit $1M. I will either make it to the top or crash and burn. Again - I am playing with profits - this is not money that I *CAN'T* live without. Please remember options trading is very risky if you follow my plays - this is not financial advice.

    Picked up 101 XLF $25 Call contracts @ .20 right at the close - actually got filled on 1 @ .19 cents.
     
  4. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Sold 101 contracts right at open @ .30 for a 50% gain on 1/2 my account which equates to my 25% gain goal. Up $1,000 for the day.

    Account now at $5,000
     
  5. KING BONG

    KING BONG New Member

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    Nice. I look forward to following this thread. I'm rooting for you! Can you post some resources to trading 'options' so us newbies can try to follow your strategy?
     
  6. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Thanks for following the support! Honestly I'm just looking for a quick 1 day pop based on years of reviewing charts. I only trade highly liquid ETFs - only 1-2 cent spreads that way I can normally get a good fill both in and out. I trade weeklies, unless it is Thursday/Friday entry I will move to the next week and I go 1-3 strikes out of the money to try and get a big hit on gamma, which moves the delta of the option.

    Watching IYR puts for this Friday.
     
    KING BONG likes this.
  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Ended up picking up 34 8/28/20 $42.5 GDX Calls at the close @ .36 each. this is only 25% of my account because I was waiting on IYR to signal and ended up being too late to add more GDX. Hopefully I'll get a 100% pop and will still reach my 25% goal!
     
    KING BONG likes this.
  8. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Sold right at the open for .50. Gold was ripping pre-market and came back down.
     

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