Small loss - Week in review (Dec 4 - Dec 8)
Took a loss this week.
First one in awhile.
Seems like my self-sabotage from last week was successful.
Still have a few more losing positions in my account, so next week's outlook isn't looking too positive either.
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2023-12-05 | 2023-12-15 | 444 | 434 | 0.7 | 1 | 2.82 | 67.18 |
| META | open | BPS | 2023-12-05 | 2023-01-19 | 295 | 290 | 0.75 | 2 | 1.37 | 148.63 |
| NVO | open | BPS | 2023-12-07 | 2023-01-19 | 92.5 | 87.5 | 0.8 | 2 | 0.23 | 159.77 |
Market held strong this week. Took a couple more bullish positions. NVO is a bit sketchy looking, but we'll see how it goes.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2023-11-28 | 2023-12-08 | 445 | 436 | 0.44 | 1 | 2.08 | 41.92 | $41.92 |
| SPY | expired | BPS | 2023-12-08 | 2023-12-08 | 436 | 445 | 0 | 1 | 0 | 0 | |
| ENPH | open | BCS | 2023-11-30 | 2023-01-19 | 120 | 125 | 0.67 | 2 | 1.09 | 132.91 | -$96.18 |
| ENPH | close | BCS | 2023-12-05 | 2023-01-19 | 125 | 120 | -1.14 | 2 | 1.09 | -229.09 |
- Closed Net Profits/Loss: $-54.26
Took my loss on ENPH as it closed over my cut loss line, and seemed to be breaking its bearish trend. Seems like I made the wrong decision though, as it's since turned back downwards. Perhaps I should have held on longer.
My initial entry was not very good to begin with. I should've had a bit more patience to wait for retrace back to resistance more.
Notes and Lessons #
I'm beginning to think that I really did subsconsiously sabotage myself with a few positions.
For some reason, I took them even though I knew in the back of my mind they were not that great. I had been on a pretty good winning streak for the last few weeks, so maybe I felt a bit guilty that I was winning too much? Or, that I was just getting lucky (not skill), and didn't deserve the wins?
Maybe I took bad positions to see if my luck would continue. Or, maybe I somehow decided that it was time that I finally lose a trade, so I made it happen.
That's what's going through my head right now.