Zac's Journal

[zacj346]

I finally set up Alerts in TradingView for the MACD strategy. Took a few trades with it Monday. Currently sitting at 55 shares and a $41.85 average. I bumped the percentage per trade up to 20% today, it’s something I’ve been thinking about and it just came down to purpose. I don’t want MACD to be a standalone strategy, I want it to be a part of my whole strategy. As fun as it is to sit and trade the market, it’s never been a goal. I just want to manage positions, and I’m a little disappointed I haven’t been able to lock up the strategy and trade options on it yet. I’m a firefighter sitting around yelling at the sky “Somebody burn something!”

In other news, I did take 2 more positions in TOST

And a 4th position in HOOD

I should have waited on the first TOST trade. I took it Monday instead of waiting until Wednesday, but other than that I’m pretty happy with where I am sitting. I guess we will see what happens Friday.

 

[zacj346]

Bit of confusion today. I had my TOST $37.50 strikes profit locked in at $148.71…and I have no idea why. It should have been pulling numbers right off the trade sheet. I think what happen was I was manually locking in numbers when I was looking at it ending ITM and just forgot to set it back. I think I have it sorted out, but I have it noted I need to verify my numbers the next time I’m flat. I’ll continue with the numbers I have right now but they might be a little off.


I did close out half my position in NVDA and switch it for DKNG. Looking at MACD on the dailies DKNG is in a better position (currently crossing below zero line) NVDA looks like its trading in a range but heading towards the bottom of it. I wouldn’t trust my chart reading abilities though.
Sold 100 shares of NVDA for $135.90 locking in a profit of $614.05 (16.54%). Profit on the remaining position is $86.34 (what I got from rolling it today)

DKNG I split one Call and one Put with a plan to add 2 more positions Wednesday

TOST I rolled the Put and $37.50 strike. The $39 strike did have enough premium so I’ll wait until Wednesday and see what I can get.

Over in Robinhood I closed out my HOOD position except for the $40 Put and added a $39 Put. It cost me some to close everything but I came away with $639.54 (5.33%) on a position started 5 weeks ago. Currently sitting on $135.96 options income.

Last night YTD performance was still positive, it was $1450.55 (1.92%) for the options strategy. That was before today's drop; I think it's still positive, not sure. I’ll pull the numbers this weekend sometime. If I wait til tomorrow Schwab will just tell me, but its performance page only updates overnight. Considering the first 2 weeks of the market this year I’m not doing bad.

Anyway, I’m wrapped up. Got to rebuild some garage doors and a window. I have I have 3 bundles of R-19 left from the ceiling so I’m just going to take the doors down and make them 3.5in thick instead of 1.5in. And use some of it up that way. One of the big doors is warped anyway (top board is warped) and needs rebuilt anyway. I bought some brush seals too, and it’d be easier to get those all lines up if it was on the ground. Weatherbug says it feels like 16F today...oh joy.

 

[zacj346]

Well, 2 weeks down and I have $752.73 (0.99%) for options and $812.75 (1.00%) if you add in MACD. YTD numbers in the Robinhood pictures are higher since I am counting the last 2 days in December which were a net loss and they are not.

Going into week 3 my current positions are:

TOST - 200 shares at -$165.59 (-2.18%)
NVDA - 100 shares at -$710.32 (4.94%)
DKNG - 100 shares at $214.68 (5.48%)
HOOD - 0 shares at $135.96

Total - -$525.27 which represents a 0.69% drawdown.

I also have a Put on DKNG, TOST, and 2 on HOOD that I consider potential positions. TOST is the only position that has 100 shares without an options contract. I don’t know if Friday was an anomaly or the sign of a further pullback so I am waiting until Wednesday to see where the position is. Also on Wednesday I will add 2 more positions to DKNG and HOOD ultimately looking to take profits on Friday or at least bring positions closer to breakeven.

In MACD I took 7 trades last week, 4 closed for a profit of $49.14 bringing the total to $89.61 (1.57%). I have 55 outstanding shares at an average cost of $41.85. I reduced that down to 2 positions by date to align with the larger 20% position sizing.

 

[zacj346]

Well, I was pretty excited; MACD was all the way up to 111 shares. I was going to start selling Calls on Friday. Now I’m flat, everything has sold off. I took 2 trades Monday, nothing yesterday and so far nothing today. I missed an entry right at the open and I’m not sure if I’ll get another one. MACD had made $156.11 (2.74%) so far this year and the account is up $234.26 (4.11%) since Dec. 30th. Just to make my life more complicated I switched MACD from HOOD to RKLB and HIMS. Just wanted to diversify away from HOOD since I’m also trading it in the Taxable and I wanted to see how I handle 2 symbols.

Over on the Taxable side I was F’ing around too much. HOOD jumped yesterday so I sold off my Puts, decided I didn’t want to have nothing so I sold a really close to ITM put. Then I decided I didn’t want that so I set a sell order. It didn’t go through but today it dropped a lot so I sold it off and did a Call and Put today. It was all over the place and I should have just waited until today, sticking with my plan to just take trades Wednesday and Friday.

If HOOD closes above $45.50 on Friday I’ll walk away with $330.30 (7.28%), if it drops below $44 my break will be $43.10 (adding shares from the put).

In Schwab things were less messy. Added 2 DKNGS, I sold a call on TOST that I didn’t Friday, and I rolled NVDA down but kept Fridays expiration date.

NVDA’s strike would leave it -$455.64 (-3.17%) if NVDA move up above $138 but its close enough to its breakeven ($142.56) that I feel confident all be able to roll it out without locking it up for too long a time.

I also think I figured out what I did with TOST to mess with its numbers. I think it was up and I cut off the profit for one position and was adding it to the second and I just did it in a sloppy way. I froze DKNG’s income on one position today, but just did it on the summary page so if DKNG falls I can reverse it. It’s also still showing total income as well as todays income. I think that’s what I was trying to do on TOST, but I’ll have to verify the numbers when I close it.

Last thing I did was roll my TSLA to 1/17. It cost me $150 to do that, but I think I can make $150 in 5 weeks with an extra $19.5K available in my account.