Zac's Journal

[zacj346]

Late start today, had to get some injections at the Dr this morning. First thing is another mistake on the MACD.

Highlighted are the three trades that closed recently and profit is way off. I was looking at other symbols and adjusting parameters on what I thought was the RKLB setup which is currently paused and I was doing it on the VFC setup that’s running. It happens, that’s just something I have to pay attention to.

Other than that, $35.23 from 4 trades on VFC this week, currently 1 open position on it from today.


TGT is still killing me, disappointing earnings from WMT dragged it down more. Looks like this is going to be a long term battle. I assume if it has similar earnings it will drop below its recent low around $121. Who knows, it might have so much negativity baked in that even mediocre earning will seem positive for it.

The one bright spot is LVS is moving up, I have about 4% positive equity. I rolled it out to a $45 strike and I’ll see where it is next week.

The CF trade from the scanner didn’t work out exactly. I rolled it down and it is at 1.5% return at its current strike. I did watch a few others that did work out better (wouldn’t need rolled) so I decided to give it another try and added a put on ELF. ELF isn’t on my watchlist but I adjusted the scan settings and it gave results closer to setups I’m looking for on my watchlist. As someone that hates having to pick starting positions it's just nice to hand that off to some other mechanism. I have 12 more days on the free trial so I just want to see what kind of track record I can get before deciding if I want to pay for it.

 

[zacj346]

Well, last week could have been better. Schwab dropped to -$2805.51 (-4.45%), Taxable is $1571.68 (11.13%), and MACD is $308.52 (5.42%). Negative equity is eating up premiums and then some.

TGT: -$1154.97 (-8.19%)
HOOD: -$1332.03 (-11.10%)
HUT: -$661.26 (-23.71%)
DKNG: -$323.63 (-6.47%)

HOOD and DKNG are still puts so I might be able to pull more money off the table. All in all its not bad. Options trading is -$1233.83 (-1.59%) adding MACD total performance is -$925.31 (-1.11%).

Looking over my positions I’m a little disappointed that I started straying from my original approach. TGT my strike is $141 but my breakeven is $135.82 so I should be at $136 or $137.
It wouldn’t change the TGT position being upside down, but my strategy is reducing cost basis to the point the position is profitable. I should be more aggressive on falling positions and working to capture profit on rising positions.

MACD didn’t close any more trades this week. It brought in $35.23 from 4 closed trades on VFC and $108.92 from last weeks call on RKLB. It currently has 3 open trades on VFC. The strategy on Tradingview has 4 open trades though…looks like it ran out of buying power so the trade failed. I manually entered a sell limit for one of the open trades, the other 2 are close enough that I’ll just let it run.

 

[zacj346]

Going to go after these 2 aggressively to get some red off the spreadsheet. TGT strike is slightly above break even of $132.82, HUT strike is in the red -$796.58 but i’m not worried about it.

Changed HOOD puts to the same date, thought I could leapfrog the options down, but It wasn’t looking good so I am going to stair step them.

Example of what I mean by stair step.