It's been a good couple of weeks. I still have a couple spread positions open, will let those ride a little bit longer, mainly the stock positions. The futures positions I'm struggling with mentally. Futures options are relatively new for me, I love the liquidity and the tax benefits, but finding it hard to get into a rhythm, I haven't had much confidence in the few trades I've placed. The gold spread was a loss and the Aus and Can spreads are getting close to me closing out, they'd be small losses at this point. I'll see what they do tomorrow and decide from there. Not giving up on the Futures account yet, just don't have the same comfort level and confidence that I have with stock options.
I was also busy today trading reversals on the AMZN and COST dips today. Didn't have time to post it live, but worth keep the charts in here for record. Will post separately.
I scaled in ATM long calls in the highlighted zones below, and scaled out on the way back up. Came out ahead on COST, but AMZN for about break even, I got in a bit early on this one. These are what I'm gravitating towards when the opportunity appears and I have time to attend to them. I don't have to worry so much about decay on the calls, I'm only holding for an hour at most. I'm always out by end of day.
Haven't had a chance to journal my trades here much, but all the trades here have been closed out for profit, at least the stock trades, all the currency based spreads were closed for small losses. Still trying to figure out the best method for those, focusing on my stock long and spreads for now. I'll try and post some recent ones when I get a chance.
