It’s definitely past time I started one of these. I’ve been keeping a paper journal for just about a month now, and looking back, some days I write out absolutely everything, some days it’s just a thought (I have one page that just says “Fuck the OCC/CBOE/SEC. Crooks.”…clearly I was upset about RSX, but that doesn’t help me today). So keep that in mind and bear with me as I try to summarize the past month best I can, with here on out really listing the details (entries, exits, thoughts and feelings about plays). If RSX/OZON is still stinging, fair warning, I had a lot of increasing copium going on that first half of the month.
I started this journal right in the middle of RSX/OZON, so I was up decently for my port, it came back down and is slowly making it’s way back up. My P/L was all over the place, intial deposit in Juy was $1900, it pinged around $1500-$2k while I was learning the market/options til December and ESSC #1. I got out of that on pure dumb luck, was up to $3300, promptly down to less than $1k on round 2. I really struggled down there, thanks to Conq, the challenge, and war plays for pulling me up and giving me my cushioning back. I was then up to $3900, which is when I started the paper journal.
I got overly confident and started bleeding on what felt like every play, and the ‘safe’ $1100 or $1200 locked up in RSX/OZON soon became half my port. Had $2800 going into the expiry, it knocked me down to ~$1600, then other plays I messed up brought that down further to $1200. That was very frustrating. Brought that back up to $2100, mainly through forum plays, GLD and BA, had just about doubled that to $4100 at the peak of last week with the memes, escaped GME about breakeven but took a loss on AMC, back to $2500. I know, this is already chaotic, and it seems I luck in and out of plays, but each time I lose I take a lesson from it, and I’ve gotten a lot better with risk management and playing options in general (remember, I didn’t even know what a put or a call was last July lol). For me, especially after experiencing large plays and their effects on my trading style, it’s becoming all about compounding small gains so I can begin wheeling, that’s my main goal at the moment.
Journal begins, I transcribed word for word, with a few (4-4:thoughts) added:
3-7
Holding commodities and the Russian positions.
SLV 3/11 24c, 2x 3/18 24c
WEAT 3x 3/18 11c, 3x 3/18 24c
FCX 2x 3/18 48c, 3/18 49c
WFC 2x 3/18 50c
CCL 5x 4/14 20c
RSX 3x 3/18 5p 2x 3/18 6p
OZON 2x 3/18 10p
Bad BBBY lottos, apparently
3-8
Look into entries- GLD (You know the drill, ITM, mid-far expiry)
GGPI 10c, 12c 4-14 (4-28?)
Decide on CCL
Entered URA, GGPI, SCO, GLD, FCX calls, BNO puts
Sold WFC for tiny loss, avg down really saved it
Avg down on CCL
All entries exited very green, but ‘only’ +3% on the 7d. Red Monday, slightly averaging down and forum plays saving grains. WEAT at make or break, avg down too hard or not enough? Red today, but should print, catalysts coming through. Remember to sell BEFORE average down to keep same position size w/ better cost.
AH notes on this one- Good entries and pops keeping me afloat. Cut the WEAT and reposition later? Watch CORN, probable cut and reposition elsewhere. (4/4-Looks like I bought CORN on 3/4)
3-9
Closed out everything except RSX/OZON halts. WEAT did not work out.
Entered BA 3/18 180c (note 3/10- paid well, work on those entries!)
GGPI 4/14 10c and 12c
GLD 3/18 187c
Took the day to cut losers and secure cash, didnt want too much risk. BA is touchy, keep up with it but trust your gut. GGPI April, consider long term outlook, though selling and re-entry never hurt anyone (4/4- Oof owie these woulda paid more than they did, though I have played this a few more times since)
Big wins this week only offset grain losses, these fucking ETFs are annoying me. Oh well.
3-10
GLD paid, 2.60-6.85, fuckin awesome!
Opened:
CCJ 2x 3/18 27c, 1x 3/18 27.5
Holding GGPI and GLD, average down? Go for 1.70 fill. Got it.
BA- Paid, re-entry @ $165-$175 level
WFC 4/14 spread, 50c/47.5p Chart here can break either way, and will hit both. Downtrend looks more likely and preferred, as I can ride IV on call back up (4/4- I remember this one, it went the exact other way hah)
GGPI small EoD dump, watch AH and PM Monday. Look for 10.85 support and bounce. Possibly catch an avg down if flagging. Lots of time on em too
3-14
Wish I could sell the OTM BA 3/18s as suggested in thread, but no collateral. C’mon RSX lockup…
Averaged GLD and CCJ down
Entered:
AER 4/14 47.5p 2.40
FXI 4/14 27p 1.45
FCX 4/14 46c 2.59
HGEN 5/20 2.5c
Closed call leg of WFC, watch the put
GGPI- Chart it out, has been entering a downtrend after staying kinda flat…Have til April on em
PLTR and NLSN puts (on the blown up Webull day trader)
Last minute USO and BNO calls for probable morning gap
3-15
EVERYTHING IS FUCKING BACKWARDS!
GLD cut at stop loss
HGEN cut
FCX cut
GGPI cut 12.5c
SLV cut 23c
Entered:
AMC 3/25 14p
HOOD 3/25 10p
ASHR 4/14 30p
HYMC 4/14 2.5p
Holding:
FXI 4/14 26p
WFC 4/14 47.5p
BNO 29c (wtf oil?)
USO 73c(^)
SLV 23c and 24c
GGPI 10c
Getting nervous on RSX. No resolution and they’re worthless, delisting doubles my account. Which is going to happen, multiple times. You got this. De-risk and take a breather, you are losing too much money chasing car costs.
3-16
Horrible week. Set to lose all gains. Closed most things, entered BNO and USO.
WSM $10 lotto, take profit at open
AMC puts- cut tomorrow sometime
Holding SLV 23 and 24c
2x ASHR 30p
2x BNO 28cc
1x USO 70c
GGPI 10c goes on a pop
PLEASE OIL GO BACK UP
3-17
Oil paid, thank god. Webull is FUCKED, RSX+OZON looking to expire worthless, -1.1k instead of +4.6k. Fuck.
Re-entered BNO calls, AMC puts, BRCC puts, cut HOOD put tomorrow, cut ASHR put tomorrow
FUCK THE OCC, CBOE, SEC, AND VANECK. ALL CROOKS.
3-18
RSX and OZON fucking expired. Unbelievable. Illegal.
Exited all position because of this. 2 scalps on WFC, only one more PDT left. Emergency use only, screw RH anyway though. You need a set up.
Need to optimize the setup! Laptop only shows one thing at a time. I need to be able to monitor all positions on one screen. Probably need to get some news subscriptions or something (4-4: yeah, you do…)
Bad week for everyone, but you’re not fucking dead yet. Just getting started. You’ve learned so much since starting this, everything is starting to click. You know you can do this successfully.
Set your bid and let it hit. Cut red over -30%, don’t fall into sunk cost, unless a truly unusual case.
Sunday 3-20
Going into this week:
Look at BRCC puts (potential catalyst)
Watch BA
SPY Technicals: -10% downside, S&P 3700 NASDAQ 11700
Last time was up 1%+ 4 days straight, 15th time since 1920 (4-4: I don’t know what the fuck I’m talking about here. I think this is from sneaking a picture of my friend’s shitty paid server, I mention referencing a pic)
GGPI play 10-12 range
DBC Trend line?
*MU Earnings runup- 84c, if over $79.50 and the 200 MA (4-4: I really fucked this one up, you’ll see)
*CVX- 167.5c, oil trend, 160 support on oil dump
JNPR- 37c, Starting to show strength, April swing for possible 52 week high breakout
CCJ- 30 PT, 26.50 resistance, 24.50 support
DKS- Squeezable? 200ma close, needs to hold 113.50
Earnings- MU, GIS, IONQ(+share unlock)
3-21
NICE JOB NOT DOUBLE CHECKING AND BUYING MU PUTS INSTEAD OF CALLS, THEN PDT SELLING THE PUT AT -$50 AND BUYING A CALL AT THE TOP. EASY MONEY YOU NOW HAVE TO MANAGE CAREFULLY, DUMB FUCK!
WFC- PLEASE gap up!
BA- 4/1 195c
XLE- 4/1 80c
MU- 4/14 75p+80c (IDIOT)
WFC- 3/25 51c, 52c 4/14 55c, 52c
CINF- Weird ass ticker, no volume. Picked up 3 to see what happens. Selling ASAP (4-4: What happens is I am literally the only person in the world holding this shit lol. Don’t buy 0 OI/Volume hoping to pawn em off on another fat finger, lmao)
Boeing crash could really fuck up your call, look out for military news
3-21
WFC paid! Thank you god for putting such incredible people in my path. I owe Jekyll a beer. Scalped SPY intraday and bought one 440p overnight.
SPY 3-25 440p 0.9
BA 4-1 195c 3.50
AFRM 4-14 40p 2.75
AMD 4-14 117c 4.60 (4-4: GUH)
BNO 4-14 32c 2.4
MU 4-14 75p 3.70 (dumbass)
UVXY 4-14 15c 1.80
CINF 5-20 170c 0.38 (no buyers…)
SPY 440p didnt go well, thankful for the WFC in there to help build back dollar by dollar. One year. One. Year. Good day, +283/16.6%
3-22
BNO paid! Exited the rest. Entered mainly WFC. BA paid, looking for news pop
3/22-3/23
WHY are you stressing?
-Mad about AMC
-Overextended on WFC
-BA can be huge, up or down
3/23
Should have bought puts on WFC. Down day. PDT prevented me from exiting AMC calls. Get off the margin nipple already. They were up 127%…still up, and Conq bought a bunch more, but shit man. WFC took a chunk out…
AMC 4-1 20c 1.6
UVXY 4-1 15c 0.98, 17c 0.12
WFC 4-1 2x 53c 1.00, 54c 1.13, 55c 0.1 4-14 52c 2.35 (Please come back up…)
BA 4-14 190c 5.85, 195c 3.50
BBIG 4-14 2.5p 0.24, 3p 0.52
VALE 4-14 21c 0.50 (4/4-GUH!!)
3-24
Exited BA 195c, averaged down 190c on dip. Was the move, but this bad news AH could be terrible tomorrow, shit. Maybe not though. Weed stock boom.
TLRY 4-1 7c 0.36
FCX 4-1 50p 0.9, 51p 1.3
UVXY 4-1 15c 0.875
ZIM 4-1 75c 1.4
BA 2x 4-14 190c, 5.42
BBIG 4-14 3p 0.52, 2.5p 0.24
LFLY 4-14 10c 0.3
MAPS 4-14 10c 0.19
Cut WFC at a loss. Wasn’t coming back, and -30% is better than -100%. Please give BA a pop to exit and let me finish this week already.
3-25
BA went up! Can’t belive it! Thought that news was it for this one.
Shorting oil with BNO puts and SCO calls
AMC calls for potential GME squeeze
SNDL Calls and LEAPs for MJ bill, news run
Took it easy, half cash gang this weekend. Wanted in on GME but no FOMO, scratched that itch with AMC
3-28
GME actually has real potential again, the numbers are there! Fucking amazing day, this week could get nuts.
Sold AMC, scalped and re-entered GME to hold…+$1,691! This is the third time Conq’s challenge plays have saved your ass and taught you valuable lessons, you owe that man SO much!
Entered BA at $185.96, nice. 4-14 190c, 4.20->5.20
(Overnight)
Stay grounded. Don’t get greedy. No YOLO or FOMO.
-Monitor GME, AMC, and BA
-Entry to DNA? Great thesis by Kevin
-UPST - Watch for entry, refer to rexxar’s DD
Look into the mortgage backed securities stuff (not even for investing, for mom and dad)
-BBBY sympathy? Eh
3-29
Sold 1/3-2/3 AMC/GME on open spike, and rebought on dump. Exited BA for good profit. Entered DNA, WFC, BRK.B
BRKB swinging in price drastically, large spread, may be kind of annoying to unload
AMC 3x 4-8 40c 2.13
WFC 2x 4-8 52.5c 1.01
BRKB 2x 4-14 355c 5.35
DNA 3x 4-14 4c 0.78
GME 3x 4-14 510c 1.87
MAPS 2x 4-14 10c 0.19
WFC 2x 4-14 52.5c 1.48
DNA 2x 5-20 4c 0.75
SNDL 1x 5-20 0.5c 0.4
SNDL 6x 1-2023 0.5c 0.45
AMC/GME so far OTM for OI+retail FOMO
WRITTEN WEEKEND GOING INTO 4-4
Managed to escape the memes at a slight loss, which is honestly fine considering EoW. Trimmed and exited bleeders. BA and memes did pay, +445 on week, but it was tough. Red for the day, +332 on month. Feels like 5 steps forward and 2 back, but at least you are moving forward. All time performance is green.
1x DNA 4-14 4c 0.55
2x MAPS 4-14 10c 0.08 (cut soon?)
1x MOS 4-14 65c 3.20
1x MOS 4-14 68c 1.95 (More/average down for fertilzer thesis)
2x TKAT 4-14 5c 0.32
2x DNA 5-20 4c 0.71
8x HMHC 5-20 25c 0.175
2x SNDL 5-20 0.5c 0.325
4x VYGG 5-20 10c 0.14
1x BCFV 7-15 20c 1.90
6x SNDL 1-2023 0.5c 0.43
And that is the end of my written journal, minus today, which I’ll post below as a reply. So yeah, I can see some patterns, like much shorter/less detailed entries on particularly bad days, which is one of the bigger things I hope to fix by posting this. Accountability and all, and to keep track of everything. I’ll still write it out on paper as that helps me focus, but my main updates from here on out will be here. I still have a lot to learn, but this community/family already gives us all a huge head start, and that’s cause this is all so much more than just trading. That is and will continue be the reason Valhalla stands above the rest, like I mentioned above in one entry, I’ve seen what the paid servers have to offer through that friend of mine who didn’t really work out here, and they’re all shit, being drip fed just enough winners to keep a membership going with an extremely sad state of community. I think everyone here (and especially deep enough in the forums to be reading a trading journal) knows how incredibly lucky we all are to have found each other, it’s such an amazing group of minds here, and we know how to have fun to boot. I dick ride Valhalla a LOT, but that’s because I truly see big things coming from this place. Impact on the world type of things.
I hope to use this outlet to identify bad habits/entries/exits, plus I think it’ll be fun to look back on. Here’s to a wonderful future for us all! :cheers: