This is my trading journal for SPY options. I find it as the best instrumental tool to trade with a small account. I've been trading for 2 years and I have lost $20,000 so far. My goal in the next 6 months is to turn $2,000 to $20,0000. My plan is to follow leading economic indicators and trade in the direction of the surprise. Wish me luck!
I'm with Interactive Brokers and trading on Ninjatrader 7.
10-07
Lost $24 in total today buying SPY puts. $1,976/$2,000
I thought Friday's news was overextended but it still had some leg in it. Got caught. Lost some. Then a nice pull back to VWAP to recover some losses. Didn't hold for the whole move because I got confused by a higher low before more downwards action. Next time confirm if there's more strength in the move. Need to wait for more indicators to tell future direction.