Risk Management Notes: The main risk is the link never returns. Use a stop that closes the trade if the spread expands too far. Keep each position small relative to your capital.
Concluding Thought: This edge lets you trade reversals before the crowd sees them. #TradingEducation #TradingTips #LearnTrading #PairsTrading #ReversalSignal #TrendReversal #PairsTrading #OptionSelling #RiskManagement #TradePsychology #MarketAnalysis #TradingCommunity #TraderLife #ConsistentProfits #NeverGiveUp (4/4)
A Controversial Takeaway:
If your trading feels like “art,” you’re probably broke. Real profits come from rules, not magic. Next time you hear some just have it, ask: Did they have it before or after their second margin call?
#TradingMyths #OptionsTrading #SidewaysMarkets #IntermediateTraders #TradingBusted #ThetaDecay #OptionSelling #RiskManagement #TradingPsychology #DeltaAdjustment #TradingCommunity #OptionsTraders #TradingSuccess #TradeSmart (4/4)
Weekly closed positions
Moderate success scalping #spy this week.#sofi was the main $ maker this week. Defended #sq because it was $1.5 ITM at one point and then died..
Total profit of $986 this week.
Next week is shaping out to be a fun week with earnings!
Todays Trades
CSP
#SOXL 10/20 $18p for +$28
#SOXL 10/20 $17p for +$21
#TSLL 10/20 $14p for +$20
Rolled
(4) #sofi 10/13 $8.5p to 10/20 $8.5p for +$48
Closed - expired
(7) #sofi 10/13 $8.5p for +$637
Taking the 700 share assignment on $SOFI in my Roth to hold into earnings with a cost basis of $7.59 a share.
10/12/23 Trades:
Closed
#riot 10/13 9.5c for $18
Scalp
#spy 10/20 $435c for $20
#OptionBuying #OptionTrading #OptionSelling #CoveredCalls #trading
Todays Trades:
CC
#ai 10/27 $28c for $82
(6) #sofi 10/20 $9.5c for $30
Rolled
#SQQQ 10/20 $21c to 10/27 $19c for $58
Scalp
#spy 10/20 $435c for $35 👈🏻was in the trade like 3mins 🤯
Todays trades:
CSP
#SOXL 10/13 $16 for $27
CC
#sq 10/6 $43 for $10
Rolled
#sofi 10/6 $8.5p to 10/27 $8.5p for $11
(2) #sofi 10/6 $8p to 10/27 $8p for $50
Assigned - early 🙄
300 shares #sofi
Scalp
#spy 10/13 $425c for $12
#OptionSelling #OptionTrading #OptionBuying #CoveredCall #CashSecuredPut
Todays Trades:
Shares
(5) #sofi @ $7.15
Rolled - covered call
#riot 10/6 $10.5c to 10/13 $9.5c for $24
Covered call
#ai 10/6 $25.5c for $9
Scalp
#spy 10/13 $425c for $15
#OptionSelling #OptionTrading #OptionBuying #CoveredCall #investment #stockmarket
September is in the books!
Brokerage: $116.02
Roth: -$29.93
Total: $86.09
Current open premium $1.6k
Had to defend more trades this month by rolling contracts out to October than I would have liked.
#OptionSelling #OptionTrading #CashSecuredPuts #CoveredCalls #investing #stocks
trading
ISITrading2717