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I tend to agree and I hope so! Barrick is my largest single-name holding! I don't see much resistance between here ($180) and $190 in GLD. I'm also keeping a close eye on DXY and the USDJPY and EURUSD crosses in particular. My GC delta will stay positive (subject to charm) until $1975, so I...

I'm just starting my journaling journey. I feel journaling has improved my discipline as I don't want to 'embarrass' myself in 'public' despite the anonymity of social media. I feel it will have more value when I experience the inevitable drawdown. What was I thinking? What was my trade...

1. Rolled up some ES puts in the morning. I added to the short delta mid-day @4041 and bought the contract back @4022. Currently d=-62 (where one ES contract = 50). Legged into a short-term 3980 put calendar (Jan 31/Feb 28) near the close. I'll sell this calendar if SPX touches 3980 between...

I’ve learned to not let any options expire (long or short). March 18, 2022: I was short SHOP calls (S=760) that were way OOM with SHOP closing at expiry at $695. I check my account Saturday morning shocked to see I was assigned on those calls. There had been a weird print of $780 (don’t...

One should strive towards continuous improvement. If there’s a better platform to meet my needs, why not consider it? I’m also not naive to think that this performance will continue for the remaining 345 days of the year.

Question to those in this cricket field: Based on my trading style and as a Canadian, am I best served with IB or another broker?

1. Big move up on ES so I had to chase up puts throughout the day. 2. Scalped some GC contracts in the morning--ended up being a decent day. 3. NFLX call ratio was perfect. It's always nice to credit on both the open and close of a spread. Another decent week. I can't complain about the...

1. Traded ES pretty decently. I picked off the bottom by selling Feb 3900 puts for $86 (with ES=3905). Adjusted delta the rest of the day. 2. GC made the bulk of the day's P/L. Definitely remains a medium-term hold. 3. NFLX earnings play with a Jan 20 315/335 call ratio (+3/-6). As I'm...

It's been pretty quiet on the trading front since my last update. I closed my SPX put calendar @$45.20 today with the volatility bump. I also re-initiated a short ES position last night and this morning. I legged into the short puts, mostly in the morning, and a few in the afternoon. Rolled...

Agreed. I never said they were the same. PLO players are true gamblers that like action. LHE players stack their chips to align the colours along the chip edges. Aside: I used to be a casino dealer 20+years ago when i was in school. Edit: sorry read limit Omaha wrong. I haven’t really been...

With a forum full of systematic traders and use of analytics, I would have thought limit HE would be everyone's go-to. It's a boring game. If you stay boring, you'll do well. Just need to play your own cards and the board. Also, for whatever reason, limit is more prevalent in Canada than in...

Today's results: A Today's trading: F Have you ever bought (sold) when you wanted to sell (buy)? Well I did it this morning--twice! Once immediately after the CPI release at 6:32 and again at 7:48. FFS. This only happens when I trade with my phone. To make matters worse, I didn't fix the...

So we’re up 80+ points since yesterday morning. It feels like the market is expecting a soft print. Therefore, I’ll play the contrarian. Setup for tomorrow: Short 3 ES @3969 January 12 call ratio: +3 S=3950, -5 S=4000 ES > 4020 will hurt a bit.

Volatility was crushed across the board today--a true gift to my P/L. With the CPI release on Thursday, I closed all of my short vol positions (ES, GC, CL). I can't see vol being hit again tomorrow (Wednesday). My only positions are the SPX put diagonal and the steepener. Cash is a position...

Rolled up ES puts early in the morning. At 9:33 MST, I legged into a SPX put diagonal (started with the long side) as I felt the ES was rolling over (see arrow below). I was right, unfortunately I didn't have the conviction to not fill the short leg. I leg into spreads once in a while which...

1. ES spiked following NFP release. I rolled short puts up and out into February by selling put diagonals. I thought I was going to be whipsawed when ES briefly went red but it went up almost 100 points from the morning lows. I rolled puts up a couple of times to keep my delta in check. I...

Thursday: 1. Added to steepener. I was intending to go to scale to +20/-10 at the start of the year. I'll hold here for a bit. 2. Adjusted ES delta because I felt I was a bit too delta(-) and I want to be a little flatter going into tomorrow's NFP. I'm MST for those that are interested in...

Wednesday: 1. Adjusted my ES puts through the day. 2. Rolled up some GC calls. 3. Added a short Feb 63/70 put spread on CL. 4. Added to the steepener.

Trades from Tuesday: 1. IV on TSLA is through the roof so I toyed with a short January 100/120 strangle @7.83 2. My go-to on the ES is short ES and 2x puts. 3. Similarly, long GC and short 2x calls. 4. Started my +2ZT/-1ZN steepener.

I've been internally debating whether or not to start this journal but have obviously decided to do so. I have been trading off and on for a decade but have been more focused (and successful) over the past couple years. I'll be posting my IB positions screenshots and YTD P/L at various...