Trading diary

I feel like im starting to get the hang of certain things. Or lets say, my confidence is definitely rising. Tastyworks I bought Calls in CGI (for some reason it didnt let me buy shares) as it had popped up on my day trade scan and the setup looked exactly what i had been looking at for break out swing trades, low stochastics, higher high, high volume and a nice gap to fill. It worked out nicely. I think ill actually sell half of them tomorrow as we seem to come up on resistance. Other than that it was a flat day. MCD is pulling my P/L down and im desperately waiting for a down day. I had a short put spread in NUGT from last week which i got to take off for 50% profit today, so im just grinding. Still down since i started trading with TW but thats about 50% due to unfortunate earnings plays. Thinkorswim Great day in here. Weed stocks moved higher. I have to go check if there has been news or something. The last 3-4 days have seen much more volume and volatility. I also bought 100 sh...

Another annoying day. Tastyworks I bought a call in SGG to take part in a rally in sugar. That one worked out perfectly and saved the day in this account along with COST which is finally rebounding a bit. Im really hoping for a bit more of a bounce in there as that Iron Condor is a big one and it expires next week. Biggest loosers were MCD and CORN. Im still short oil and long gold, so lets hope that works out eventually. Plus500 After an alert from Trading Safely i shorted USD/CAD which would have worked out fine if i hadnt had my stop set too tight. It seems that i just dont have the capital to trade anything other than VXX for the moment, so ill just keep on shorting that until im back up. This is going to be a long and painful road. Thinkorswim Weed stocks took a nosedive back down again but not as much as the gain from yesterday. Im suspecting though that tomorrow theyll keep falling. Since ive decided to keep my ToS account i am also going to keep those two stocks around at least...

After travelling to the US im finally back in NZ and hoping things lighten up a bit. Plus500 In the most recent spike up i shorted 100 shares of VXX which will come off soon as they have reached their profit target. I tried going long oil yesterday but didnt get far and got stopped out. Im much more disciplined with stops now, so i hope that will lead to success :) Tastyworks Didnt take a look at it this morning but im pretty sure it was a down day with all the rallying going on. Im short equities, just sliiiiiiighly long bonds, long gold and neutral Oil. After the big leg down in COST im trying to salvage that iron condor that looked so good and hopefully get out for a scratch. Other than that there hasnt been too much action. Thinkorswim Weed stocks spiked up today and gave me  a beautiful winning day in this account. I hope they keep going a bit longer so i can maybe take parts off. CORN took a hit WEAT took a hit, but i hope they keep going up. ToS papertrade While in the state...

Even though not all accounts have been green today, im quite happy with the way things are going. Tastyworks Red today because of some single positions but in general im happy because the QQQ trades are working out very nicely. Was able to take off a vertical for a nice profit and a Iron Condor is very close to be taken off as well. Also took off a small XOP vertical. Now looking to get short oil stocks in some way short term. Thinkorswim Green today because of WHEAT calls and weed stocks being good to me today. The wire out to Tastyworks has been confirmed, so this account will become less important soon. Plus500 No action today. Its crazy how the indexes are not corellated at all today so id think that at some point this might converge again, meaning SPY, DIA and IWM will probably have to follow QQQ down a bit. Im waiting for that move as volatilitiy will rise with it and ill get a opportunity to short VXX nicely. ToS papertrade Day trading went well. Had a small loss in NKE, mainly ...

Saturday was a great day for my real money accounts. Not so much for the day trading practice. Plus500 After all the losses recently i decided to make this purely my volatility account. So whenever VXX spikes ill short it in here because of the leverage. Other than that i wont be trading in here anymore. The spreads are just too wide and its hard to make profits like this. Ill shift my futures trading to Tastyworks where ill be trading the respective ETFs first until i have enough capital for the actual futures. Tastyworks Great day. QQQ didnt bounce back much today and premium decayed nicely. I started trading some commodity ETFs like CORN and WEAT and im happy that im doing this in here. Lets see how this goes. Thinkorswim For once the options overpowered the weed stocks and turned a small loss into a small gain. Nice. I have also put through the transfer request to shift half the accounts money over to Tastyworks. I will keep this account open though with a very small amount of mone...

We got volatility back eh? holymoly. I was so angry yesterday that i didnt post anything. But today im back. Plus500 I had forgotten about a GTC limit order in IWT that got triggered yesterday and was down a bit. So over night ive set a stop really close so that if it goes any higher, it would kick it out. Turns out the market is crazy right now and it turned into a nice winner which im not planning on taking off just yet. Im looking on shorting more VXX again soon. Hopefully this wasnt just another 1 day spike. Doesnt feel like a 1 day spike. I also traded some oil over night. Working much better, now that i have some kind of system with stops and limit orders instead of always going in with a market order. Turned out to be a small winner, but it was good practice in working with stops and moving them up. They do have a trailing stop feature on plus500 i want to try that one next time. ToS Slightly down, but not much. Mainly due to weed stocks and my short VXX position but that one i ...

There seems to be some cracks appearing in /NQ. Its about time! Tastyworks Made a nice profit today as my two QQQ positions finally found the green again. About 50% of todays profit in this account is because of the Q's. CCL also helped. This put spread was way too big when i put it on but at least it seems to be working out. I have put on quite a few positions today. A Iron Condor in COST with slightly long delta and a few verticals in MCD and other underlyings. In some trades with very short term outlook i actually bought puts outright which i know is against the Tastytrade rules but i feel like i want to see if this can work for short swing trades. I had to realize however that ive used up almost all my buying power. Tomorrow ill have to look at taking some winners off the plate. Plus500 CFDs Went long gold yesterday but it ended up dropping back a little bit. Small position, small loss so far but im staying in it. Hopefully Gold will rally a bit when the indexes start crumbling...

Plus500 CFDs Last night i took off a huge looser in wheat which basically eviscerated all the gains from the last months. Stupid. I vowed to stay more mechanical and not hold anything over night thats a looser. So at the beginning of the evening i shorted Soybeans right before their last spike up before this beautiful drop. But... i had lost a small amount by the time i went to bed, so i got out. missed out on a huge move there. If i had just waited until after i read a few pages in bed, i wouldve probably left the trade on or at least set a stop to the recent high... but no, i got out for a loss and missed out on this huge move. Once again i had a good entry but missed because i couldnt stomach the fluctuations and because i didnt do everything i could. Frustrating. Tastyworks ORCL earnings play fell flat "bigly" :) Luckily i play those really small. Also nice to see a small market selloff into the close which saved my RUT calendar and turned my QQQ positions from losers int...

It didnt look good last night when i went to bed. But turned out to be not too bad of a day. Plus500 CFDs I had bought wheat yesterday and of course it started dropping and dropping but im trying to be more patient with the trade and stomach the volatility for a longer term upside. I got out of gold for a profit and bought back silver for a small loss after it had recovered a bit from a bigger loss. I had entered a few stocks like FTR or AFL but they all went against me and stopped out. Im also noticing that in this account, the premium for holding stock positions is extremely high and im not going to do this anymore. Tastyworks I had sold a RUT calendar yesterday that went against me but recovered nicely in todays downturn. Lets hope for another down day tomorrow. Also for QQQs sake. Both the IC and the short call spread were happy today as they made back some gains. CORN is continuing to underperform and its painful to remind myself that this is a long term position. I put on a earni...

CFDs I closed out the short sugar position for a small win and also made a quick trade in silver yesterday which was a small winner. Overnight i opened a small short gold position which is going my way but only small as well. Then i went long QID and shorted a stock Tim Knight mentioned in his segment that has a beautiful setup and looks like its breaking down nicely. I think next week ill have to look into oil/energy, looking at some charts there are some nice setups. ALSO... goddamn wheat went all the way back up and turned into what wouldve been a winner of about 2/3 of the value of what i locked in as a loss yesterday. Frustrating especially because the assumption was right, i just couldnt stomach the volatility. ToS CORN calls and the weed stocks pulled me down today. Ive given up on X and will just let it expire out of the money to save the commission to close it. Tastyworks The short call spread in QQQ had a nice up turn today but got cancelled out by the corn calls. I have also...

Another good day with "overnight" trades. Plus500 CFDs The Silver and GBPUSD positions both developed really well over night and i left them on during the day. While the pound pulled back a bit, Silver kept dropping and i made a really nice profit on it. When it started rebounding in the evening i took both off. COP also developed nicely today and is just tagging the 200 moving average now. But ive also set a hard stop in case it drops when im asleep. Depending on how it develops tomorrow ill decide whether ill take profits or not. I also went long FTR small today, that thing needs time to develop, lets see how it goes. ToS Options Weed stocks accounted for a small loss today. There are a lot of bad long term positions coming off today, so i hope the portfolio will look a bit better after. Im long FTR in here as well and hope itll help along with the Corn options. Ill have to decide what to do with a long June call in X. Its positive but will loose more and more ex...

I didnt post yesterday because despite it being a green day it wasnt spectacular and i didnt put on any new trades or anything like that. But today i finally got to put on my first trades with Tastyworks. Im so happy that this is finally working! I was a day one waitlist people but because im in NZ i had to wait until now to get going. I put on a SPY calendar for $230. Front month is 43DTE so im going quite far out with it but i kind of think that the market will go just a liittle bit further up before it comes down and volatility will speed up a bit, so that seems to be a nice setup. I had also tried to buy a few CORN calls which didnt get filled unfortunately. Ill give it another try tomorrow. I like the ABCD pattern thats forming there and from what i read the fundamentals look really good for a nice rise. ToS The weed stocks for once were flat and the options positions actually gave me a bit of a gain. CORN is working out well, X is working out well, TTD is volatile as F*...

ToS Weed stocks took another hit today and yesterday. That hurt. Other positions arent going that well either at the moment. Its good that ive stopped putting on positions. I have to decide what to do with the weed stocks. In one way i want to buy more since its pretty safe to say that Canada is going to legalize weed. In another way i just want to be rid of the position and move on. ToS papertrading I requested real time data for this account and im preparing the softwares layout so as soon as i manage to get out of bed on time ill be able to start day trading practice. As for the account itself. Its taken a bit of a down turn as well in the recent up move, but i think im short enough in other positions that in todays tiny down move some of this might have come back at least a little bit. Plus500 CFDs My last short VXX position lost as well in the last few days since /VX was on the rise. its been so much on the rise actually that i added another 100 short shares of VXX ...

I made a mistake in my CFD account yesterday during the day (NZ day). I wanted to short Gold as the chart really looked good and i thought its due for a step down, looking at the longer term charts. So i set up the trade on Plus500 and pressed the button. Right away i realized i had forgotten to put in my custom position size and had just left in the Plus500 standard size. So instead of my usual 20 ounces of Gold, i had shorted 200 ounces. I couldnt take it off right away because the spread that Plus500 makes its money with had put my position $70 in the red. (Thats also the reason why i only want to stay with CFDs as long as i have to be able to have a account big enough to pass the PDT rule. Anyways, i was at work and i had stuff to do so i monitored it only sporadically, which is another mistake, but it was going my way and was up about $150 after just a few minutes. So i kept it on and watched it go to $350 before i had to focus on work and left it unmonitored for about 2h. Next ti...

ToS account turned down ever so slightly again today, i have to say though, the last two days were way more painful. I am pretty short now, having added shorts in JPM, XLF and IYR. Im also eyeing the semiconductor sector, based on some pointers Shaun Downey gave us. On the other side im hoping for CORN to go up in the next few weeks/months. I bought a few October 20 Calls, trying a anti Tastytrade ish traditional strategy for a change. Shaun Downey has sent out a nice report on corn last night and how it looks to be the worst year in the last decade, so that hopefully works out. I have also bought back the short call from the big call spread in TTD and it seems to have paid off. Lets hope that one keeps running a little more. Overall im not too happy with my ToS account. Its going down more than going up and i will stop putting on positions for now so i can transfer over a good chunk of money to Tastyworks as soon as possible. In the CFD account i have closed out two more sho...

Took another downturn in my ToS account today. Weed stocks accounted for about 2/3 of it. I also had bought a $5 wide call vertical in TTD after it had come up in the IU swing trading chat. I looked at the chart and the 60min looked like a perfect ABCD pattern. I think TTD is not liquid enough to sell spreads but i guess i was too greedy and possibly also ignored some of the Tastytrade setup rules because of that. In any way, despite TTD rising nicely, the spread accounted for almost all of the rest of the loss today. In general, my ToS account has been turning down recently, but i hope i can transfer a lot of money over to TW (tastyworks) soon so i can finally build a lasting account and hopefully soon get over $25k to get a bit more freedom with naked options as well as getting rid of the pattern day trading rule. Not much news in the CFD account. All positions lost a little bit because VXX had a up day. Patience here. I didnt add any other positions yet. With VIX dabbling around 10 ...