Lost hard Monday on that knife that kept knifing EoD.
Tuesday was very mellow, won and lost an equal amount and came away with like $20.
Wednesday I ate all kinds of shit on HGEN when it detonated. Made some decent trades, was up a respectively amount, but fucked it up and came away from the day with a very small loss owing to commission fees. Only thing to my advantage is I’ve started having hard stops so it wasn’t nearly as bad as it could have been.
And today I’ve been stopped out for a small loss on four different trades, all calls, less than a minute before it spiked and would’ve seen an easy 10-20% profit. One came within a cent of my limit sell before knifing, sold for a loss, then immediately rebounded above my limit sell.
Tags: Mindbreak
Still have plenty of BP left but that’s enough for today and gonna chill Friday. On the bright side the five INTC 9/22 40c I bought are up almost 20% so I’ll probably trim one or two today and hold the rest into tomorrow.
Wound up selling one INTC call at 20% and another at 25%.
My idea behind this one is INTC is beat down quite badly compared to its semiconductor peers and is deep in value territory. There are some other reasons, but the main one is that it appears to be available at a discount at the moment.
Made up for my earlier trade losses this week (HGEN and AMZN not withstanding) so I’m happy about that.
Wound up closing out the entirety of my INTC position, about 35% gains overall–certainly happy with that! Though I am a bit sad I closed before that EoD pop that would’ve net me another 15% or so. Oh well.
Bought 5 goog shares to play the split. Here’s hoping.
Haven’t said much in a long while here because, frankly, it’d just be a broken record. Dipped down to $2,500 yet again in the challenge account and once more broke the $4k mark today. Bought a SPY 8/12 422c yesterday on anticipation of good PPI.
Sold it a few minutes after open when it looked like SPY was gonna guh for a decent profit and ticked over that $4k mark again.
Also looking at the $888 in commissions I’ve paid out TD in three months on this account.
Lots of folks laugh when I say those $1.1 commissions add up (round-trip) but this shit do add up in a hurry. Still thinking about transferring to WeBull.
Otherwise just idly thinking of how I want to proceed from here. May wind up starting the transfer of half the day’s profits to my ‘shares/long-term’ account now instead of at $5k. I still have a hard time entering any position that’s more than 10% of the port value, which for larger accounts makes sense, but for this small account it’s just feeding into commissions fees and makes it a bit more difficult to hit that 2% on the account each day. I’ve noticed when I keep the positions tiny I don’t get all wound up in the trade, but soon as it starts creeping up towards, say, 20%, well…
On my other account that holds my INTC bags and GOOG shares, I’m also faced with a bit of a decision on GOOG. Wrote a 120c for this week before CPI when it was about 117, and here we are, down 250% on it. Thinking of rolling to a 8/26 123c which puts me right about breakeven, but do I really want to write a $1.5 otm call that’s over two weeks out? How likely am I going to need to roll that one out? Is it better to just let these shares get assigned at 120, take my $6.5/share profit and move onto another trade?
Trading is hard.
On a side note, after some averaging down I should break-even on my INTC Oct 21st calls if it can push over $37.50 within two weeks or so. Woo.
Regarding the GOOG, it’s definitely a good idea to continue rolling out. You could keep rolling the $120 indefinitely for credit, but adjusting to the higher strike at breakeven and then rolling at that strike will also eventually pay off
