1yr:1d
30d:30m
1d:2m
1d:2m Futures Trades (Trend Continuation Long)
- This futures trade was not that bad. This was a long over the PDC where we also had the 25ma, 50ma, and vwap below (on TOS chart). I held through about 3 points of drawdown then we spiked nicely and I sold for about 5.5 points which was a $27 trade. Not bad but also a little early on the sell. I couldve held this for the thesis which was a frontside move. I couldve sold at the new high like I did with my option contract below but thats fine. I do really like how I am idenfitying momentum much better than I used to and trying to take more pullback continuation trades rather than the tempting high R reversal trades.
1d:2m Webull Options Trade (Trend Reversal Long)
-This was the trade of the day where I really got in at a perfect spot and sold right at the top on a fakeout of the new higher high. This trade was a $90 profit and was about a 30 minute hold. When I take these options trades and end up winning a lot more than I do in futures it makes me wonder if this is something I really could excel in. I really like futures and having 1 instrument to scalp and 1 instrument to do longer holds because the separated PNL is just really nice for management of a position. I took this trade because CPI was very neutral and in the premarket we dropped initially then recovered the entire move and started to breakout of the high and go up to 398.78. This hit serious resistance but on its large drop at the open we still held the low from the premarket which allowed my to expect another higher low to follow that first large bounce. I got aggressive and took a bigger contract than I normally do which was a 0.45 delta and then I held through a full pullback then sold at the opening print price (white dotted line) because we had strong resistance there. This trade was just beautiful in so many ways. The size was good, the entry worked out perfectly and fast, the exit was right at the top, the trade returned 2 full points which is huge on the SPY.
1d:2m Overnight Options Swing Trade (Straddle)
-This trade went disastrously. I lost a full $310 on a fucking $840 position size. I bought at the close and sold at the open so I thought the theta wouldnt be terrible and maybe I got hit with IV crush or something. I shouldve screenshotted the Vega Gamma Delta and Theta values the day before so I couldve compared them the next day. That wouldve helped me know why my options lost so much value so fast. I lost only $85 on this strategy when I took it last week and I really thought that today wouldnt be much worse but wow $310 is way more than I was expecting and it immediately put a huge damper on my day but I cared a little bit less since it was in a whole separate daytrading account in TOS. I am really impressed with how I traded one of my biggest green days in the last year for daytrading then on the strategy that I have only ever tried ONE time before today, I lost 300 dollars hahhaa. This is a good lesson though because if I want to test strategies do it in the fuckin sim you idiot. Yeah it might take a year to get results since the market only gives a few straddle opportunities but dont use your main account or any account with real money. These strategies have a ton of risk that is just uncontrollable sometimes and its not worth trying this trade with real money because if I did this like 20 more times id be out of fucking money hahaha. No more swing options trading and no more playing high risk trades with real money.
