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BermudianOption trading journal

Discussion in 'Trade Journals' started by BermudianOption, Nov 21, 2017.

  1. BermudianOption

    BermudianOption Active Member

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    Still alive. Looked at ~100 charts today for the first time in over a month. Looking to get back into the swing of things slowly now that volatility has died down and the markets seem strong again.
     
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  2. Onepoint272

    Onepoint272 Well-Known Member

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    I'm leaning bullish too. Seems to be a lot of good setups. It will be good to see your posts.
     
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  3. BermudianOption

    BermudianOption Active Member

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    I've had a position on DNR for a few months. Profitable position but it is definitely poor trading because I forgot about the position and didn't have a stop. Shameful but working to instill some good habits again.

    Currently looking at two trades tomorrow:
    [​IMG]

    [​IMG]
     
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  4. BermudianOption

    BermudianOption Active Member

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    Filled in both of my positions:
    [​IMG]

    [​IMG]
    Also, with DKS's entry, the stock is already up 1.2%. Where has it come from and where does it have the potential to go...? Being up 1.2%, it can retrace and give back its gains. I think the prior chart showed a lot of consolidation but that consolidation was consolidation relative to a large gap higher.
     
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  5. BermudianOption

    BermudianOption Active Member

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    That was quick. Stopped out of DKS. Also, my stop that I recently added to DNR was hit as well. Still sitting in GG, about $0.06 below breakeven.
     
  6. BermudianOption

    BermudianOption Active Member

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    Potential trades for tomorrow: HUN CAG WPM
    [​IMG]
    [​IMG]
    [​IMG]
     
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  7. BermudianOption

    BermudianOption Active Member

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    Summer is wrapping up here in Chicago. I had a heck of a time socially but didn't trade at all really. Spent more than I expected it terms of dates, clubbing and drinking lol.

    Now is as good of a time as any to dip my toes back in the market. Additionally, I know of some local guys that have a group chat that has made me catch the trading bug a bit again.

    I currently have a buy order on some AFL calls if it breaks out to new highs. Additionally I might buy some SPY calls if the market can break above the $290 price level later this week. My two main goals right now are to trade less and to have wider stops. Unnecessarily tight stops are a subtle form of greed.
     
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  8. T0rm3nted

    T0rm3nted Moderator
    Staff Member

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    Welcome back, looking forward to seeing you around again
     
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  9. BermudianOption

    BermudianOption Active Member

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    Some contingency orders set to go live tomorrow on the following stock:

    KIM
    [​IMG]


    CIM
    [​IMG]

    NYMT
    [​IMG]



    AFL:
    [​IMG]
     
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  10. BermudianOption

    BermudianOption Active Member

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    Canceled all of my trades except for CIM.
     
  11. BermudianOption

    BermudianOption Active Member

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    Four charts I like for tomorrow:
    VICI (Top Tier)
    [​IMG]

    RPAI (Top Tier)
    [​IMG]

    SIRI (A+)
    [​IMG]

    NI (A+) -- No Capital for it potentially
    [​IMG]
     
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  12. BermudianOption

    BermudianOption Active Member

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    Filled on VICI. I need to work on my contingency order because I purchased a penny before I wanted to be in the position. As a result, the stock hasn't broken out yet and I am in the position.

    Yanked my CIM trade and have an outstanding trade on TRI now:
    [​IMG]
     
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  13. BermudianOption

    BermudianOption Active Member

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    Trading stock really limits my ability to enter a lot of positions. That might not be a bad thing. The trades I am looking to enter tomorrow all are options trades FYI.

    Additionally I am looking to lock in some profits as a risk management tool tomorrow if TRI heads higher so that I am operating from a position of strength instead of fear of giving back gains.

    PG
    [​IMG]

    GLW:
    [​IMG]


    CIEN:
    [​IMG]
     
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  14. BermudianOption

    BermudianOption Active Member

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    GLW went without, CIEN broke down and currently, I am watching PG to see if it can break above the resistance level:
    [​IMG]
     
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  15. BermudianOption

    BermudianOption Active Member

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    Didn't get in PG. Still in VICI and TRI. Will raise stops shortly I believe. As for other positions I am looking in, I am low on capital since my other trades are stock trades, so I am leaning toward stock that allow for option trades where possible:

    ODP (must trade)
    [​IMG]

    KMB (Must Trade)
    [​IMG] ''
    HST (A+ Trade)
    [​IMG]

     
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  16. BermudianOption

    BermudianOption Active Member

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    No fills on any of those trades. Not sure if it is the nature of the market right now or adjustments that I have made with my entry placement, but I feel like a few months ago I would have gotten triggered with a lot more fakeouts. Here is what I'm looking at right now.

    BHC - Ideal Setup
    [​IMG]

    DAL - Ideal Setup
    [​IMG]

    PSEC - Ideal Setup
    [​IMG]


    Not nearly as many set ups as I saw yesterday. SPY was actually up on the day but it destroyed a lot of setups I was looking at... Interesting.
     
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  17. BermudianOption

    BermudianOption Active Member

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    BHC and DAL broke out. Missed them both because I can't do contingency orders in my backup account smh.

    Here is what is on the watchlist for tomorrow:

    MRO
    [​IMG]

    CTL
    [​IMG]
     
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