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10/26/18

Profitable


Some days it is ok to keep to yourself.


I have no plans of participating in today's market. The idea is to wait till next week for another opportunity. Hope we all ended this week with some trading success.

Disregard above. I saw the market selling off and I jumped into a Nov DIA option trade. It was quickly turning a profit until the market started to recover, oddly enough around the same time, the "Bomber" was arrested. I was able to close my position with a $10 profit.  Happy to be able to end the week with a good profit.

Hope you all enjoy the weekend!


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10/23/18

BURDEN OF A PROFIT

YM Chart
DIA Chart [DIA JAN18'19 PUT 260 Strike @ 10.14]

The saying let your winners run sums up my trading experience, I assume it is the issue with most traders. We hold on to our losers for far too long and we quickly cut our winning trades for the quick profit. Why a dopamine fix of taking a profit outweighs taking a large loss still puzzles me.
I'm going to use this position as my opportunity to let this winner run, God willing I will not turn this winning position into a big loss.













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10/10/18

SELL OFF!

YM 5min Chart
I'm doing my best not to regret closing my DIA NOV02'18 270 PUT. I took an 80% increase in option value over what is now a 300% gain... would've should've could've I know.

I did not day trade this chart, other than the option positions I closed today. Perhaps this is just another bear trap, either way, I took my profit off the table and I will wait for a market retracement before I decide to get short again... via options.


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10/3/18

October 2018



The market has continued to rise higher despite U.S. political drama, trade war, Middle East conflict, China's aggression in the disputed islands. Not to mention the midterms are on the horizon with the FBI investigating Russian election interference.

I'm still bearish. I am fully aware I can not time the market, but I am putting my money to work before it becomes obvious the market is selling off. I have been bearish for the past 24 months, I have taken bullish positions to supplement my losing bearish positions. My stubbornness is my willingness to commit to a strategy of being one of the first to take advantage of a slow down (when) it happens.

My current positions are all bearish(I cut my losses quickly and hold on to my winners).
For the month of October, I'll update this post in the comments section from my phone.

Bought 10/3/18 @  3.40
DIA NOV02'18 270 PUT
Close    ----
P&L 69

Bought  Sep
THRM DEC21'18 45 PUT
Close    ----
P&L 93

Bought  Sep
UVXY2 MAR15'19 CALL 
Close    10/3/18
P&L -132

Bought  Sep
WFC APR18'19 PUT
Close    ----
P&L 72





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