Cutting Losses; Taking Losses - Week in review (Aug 14 - 18)
The good news is that I have been fairly disciplined cutting losses.
The bad news is that I have basically ONLY been taking losses recently.
My account is slowly deteriorating; death by 1000 cuts.
Here's my trades from last week:
Opened: #
- CRM
- PM
- SPY
- MRK
Ticker | Action (open/close) | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
---|---|---|---|---|---|---|---|---|---|---|
CRM | open | BPS | 2023-08-14 | 2023-09-15 | 190 | 185 | 0.8 | 2 | 2.1 | 157.9 |
PM | open | BPS | 2023-08-14 | 2023-10-20 | 90 | 85 | 0.7 | 2 | 1.4 | 138.6 |
SPY | open | BPS | 2023-08-14 | 2023-08-24 | 436 | 425 | 0.68 | 1 | 2.5 | 65.5 |
MRK | open | BCS | 2023-08-17 | 2023-10-20 | 115 | 120 | 0.88 | 1 | 1.4 | 86.6 |
Closed / Expired: #
Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
---|---|---|---|---|---|---|---|---|---|---|---|
TSM | open | BPS | 2023-07-25 | 2023-09-15 | 95 | 90 | 0.94 | 2 | 1.32 | 186.68 | -$336.14 |
TSM | close | BPS | 2023-08-14 | 2023-09-15 | 90 | 95 | -2.6 | 2 | 2.82 | -522.82 | |
SPY | open | BPS | 2023-08-11 | 2023-08-21 | 434 | 423 | 0.76 | 1 | 2.1 | 73.9 | $21.80 |
SPY | close | BPS | 2023-08-14 | 2023-08-21 | 423 | 434 | -0.5 | 1 | 2.1 | -52.1 | |
PM | open | BPS | 2023-08-14 | 2023-10-20 | 90 | 85 | 0.7 | 2 | 1.4 | 138.6 | -$85.59 |
PM | close | BPS | 2023-08-18 | 2023-10-20 | 85 | 90 | -1.12 | 2 | 0.19 | -224.19 | |
UAL | open | BPS | 2023-08-01 | 2023-09-15 | 50 | 46 | 0.63 | 2 | 2.8 | 123.2 | -$196.28 |
UAL | close | BPS | 2023-08-18 | 2023-09-15 | 46 | 50 | -1.59 | 2 | 1.48 | -319.48 |
- Closed Net Profits/Loss: -$596.21 ðŸ˜
Notes and Lessons #
I possibly took too many bullish positions, and the market has been downtrending the last couple weeks.
The problem with my main strategy right now is that when the market is bullish, I end up entering more bearish positions because stocks are all overbought (stochastics / RSI). When the market is bearish, I enter too many bullish positions.
Need to think of some way to balance that out.