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    QQ Daytrading Journal for Accountability and Consistency

    Took another trade while writing it too. (I'll leave out the quantity and underlying since this is all going to be QQQ) 6:50:37 9 Apr 197 Put @11.15 6:52:32 Cls @11.58 Could have held this longer but I didn't like the action at the location so I took it off early.
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    QQ Daytrading Journal for Accountability and Consistency

    Took a trade while I was writing that. +1 QQQ 3 Apr 2 179 Call @7.47 Closed @7.50 Sometimes I do this in hopes that maybe this trade will be different! It wasn't. I'll stick to 9 Apr Options. Slippage is just redic for what I'm trying to do.
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    QQ Daytrading Journal for Accountability and Consistency

    I've been lacking some consistency lately so I'll be starting a trading journal here to remedy that which hopefully will be sped up by the "accountability" of all the kind and helpful souls on this forum. I'll be trading options on the Q's. Just 1 contract for now. I'll post all my trades as I...
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    The ACD Method

    Some of us are merely watching from the shadows. From the book: You ride a trend when they're all going together; in unison. If any of them are crossing each other, then it's in confusion so you're analyzing; waiting for them to unravel and go back to trend or it's the end of one and you're...
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    Short selling

    (Mouseover text) "I'm selling all my analogies at auction tomorrow, and that witch over there will give you 20 beans if you promise on pain of death to win them for her." "What if SEVERAL people promised witches they'd win, creating some kind of a ... squeeze? Gosh, you could make a lot of–"...
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    The ACD Method

    Sorkin: "Isn't it about the product?" Jones: "It's not that black and white. It's gray. Really it's about a good A through the pivot."
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    Writing puts on indexes

    Well at least this is on this specific thread for people wanting to know what can happen: "When naked puts attack. Part 3: Newton's Falling AAPL"
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    what is ur philosophical quote in regards to investing?

    For Investing (this one for silliness.. and I had just watched Life of Brian again recently): "Compute one penny invested at the time of Christ, compounded at 3 percent per year. Then consider why nobody has anywhere near that amount these days." For trading (but still applies to investing)...
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    Writing puts on indexes

    "I'm like the rest of you, I put my hedges on one leg at a time. But once they're on, I make gold trades." "I got a fever... and the only prescription, is more hedging."
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    Dest Jr's little trade journal.

    Cool. So you guys are going to be Swappin it up?
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    Dest Jr's little trade journal.

    Gotcha. Thanks. Just wondering. I'm always curious about the trading parameters that firms like "Destriero Family Holdings" gives their traders. Loss limits, account reductions, capital increase, bonuses, etc. Setting all that up is almost a trade in and of itself.
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    Dest Jr's little trade journal.

    So you went from 1/3 to 1/4 debit risk. When he gets to like $1MM, what will it be at that point?
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    Need to Regroup

    It's both and more. It has to be in your approach; how you view the market and yourself. You should always be expecting YOUR scenario to happen or else why are you in the trade? Not that it should always happen how you want it, but if you're long /CL then there's a reason you went long /CL. It...
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    Writing puts on indexes

    Yorick's Bro: "Nah, bro. Guy's got stacks of Grover Clevelands, James Bond status. This was nothing for him."
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    Need to Regroup

    I didn't say instantly exit. I said exit when "it's not going your way when you want it". Better way to phrase it is: If it's not acting how you think it should be acting, with respect to time, magnitude, etc., get out. Don't wait. And it's whatever your threshold is. Not mine. Some people...
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    Need to Regroup

    Time is way more important than price. The longer you sit there, waiting for one of your physical stops to be hit, the more crap can happen (almost like they start magnetizing to your loss stop). If it's not going your way when you want it, gtfo. There's always another trade. Better ones. Ones...
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    The SPX has hit a cyclical top

    Today's bar is that of reckoning- painting the print with the blood of the non believers. I was waiting (praying) for today's kind of action; playing through other names and finally we get some blood. (One of them was BKNG. That plane is dropping quick. Gotta Kobayashi Maru it, Kirk.)
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    SNAP is a straight-up Ponzi scheme

    Wait wait wait, an app where after you send pictures/videos they disappear... and they're not exploding like the next Facebook?! Whaaaa? Ohhhh. Wait I get it. The company will be like the pictures: It shows up, you can draw on it, then some day: *POOF* ((I joke. And I made this joke a lot...
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    Dest Jr's little trade journal.

    No. Don't lie. We all know you named your son after a watch. After of course changing your name to said watch.
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    Writing puts on indexes

    LOL. An apt descriptor. Adding to that: Texas LONGhorn style: Long 401 shares, then be Long 2000 more. Go big or go home. If it does continue down tomorrow, I hope that $218 has some legs to squat this back up.
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