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Day Trading Results

Day 120 – Trading Results

Daily ProfitEarned YTDProgress to $250k
$405$130,35952.14 of 100%
SymbolStrikeCall/PutExpiresOpeningQtyClosingNet Profit
AAPL$365Put7/2$7.40
9:58am
10$7.375
10:05am
($25)
TSLA$1000Put7/2$34.60
9:59am
4$35.40
10:06am
$320
TSLA$1000Put7/2$33.60
10:13am
3$33.90
10:24am
$90
GOOG$1460Put7/2$23.30
11:10am
3$24.00
11:12am
$210
AMZN$2770Put6/26$34.40
11:05am
3$33.00
11:52am
($420)
AMZN$2770Put7/2$54.05
12:30pm
2$53.55
2:48pm
($290)
GOOG$1470Put7/2$25.00
12:51pm
2$26.10
12:54pm
$220
GOOG$1470Put7/2$23.80
1:20pm
2$24.30
2:02pm
$100
AMZN$2770Put7/2$53.80
3:56pm
2$54.80
3:58pm
$200

18 replies on “Day 120 – Trading Results”

Hi were you able to get such a small lost on aapl going in at 9.58am? Aapl was so bullish today. My $5 Premium I bought puts towards the end of the day went against me in 2 mins I was down $140..

I think what’s helped me with his strategy is
1) Focus in a few stocks. MH mainly trades AAPL, TSLA and AMZN. Free your mind jumping around and trying to monitor 10+ stocks.. We are not at his level yet
2) If you watch his videos, when he buys a put his price is almost always below the bid..he’s anticipating that it goes up (thereby making the put option cheaper). If option is filled then immediately go to the sell page if your up. Monitor the price from there. And if your up, depending how on how fast the price moves, put in a limit order to sell. If price doesn’t go up to buy the put, then move on. You control the situation if filled at your prices.
3) Last, if you find yourself down, try buying additional options to lower your average cost.. I know it’s scary but it got me out of a bind today with AMZN. Less to climb out of if average price is lower.
Anyways, +220 today basically trading between 6:30-8:30am PST.. Usually best times to trade.. it’s pretty flat till the end of the day.

Still lots to learn but it definitely gets the adrenaline running each morning.

By watching your videos, you mean that you almost always buy puts or calls below the ask not bid.. Correct? Example bid is 6.20 and ask is 7.00. You’ll place a order on the ask around 6.50.

In this example, 7.00 is the ask. 6.50 would be market value. I would likely place my limit order around 6.00, which would be below the current bid of 6.20, in anticipation of a quick dip to fill my order. Make sense?

I’m starting to. But that means your orders won’t get filled right away and might take awhile. If you place below the bid. This is all new to me so I hope this makes sense.

I trade strictly within 5 minute time frames. If my order isn’t filled within that 5 minutes, I cancel the order and wait for another opportunity. My process is very structured that way.

In your scenario, market price is 6.5 and bid is 6.2, if order is filled at 6 (quite possible it won’t), you will be in a much better situation to profit. If you look at his AAPL trades he usually buys 10 options and sells at movement of .1 for $100. If he bought at 6, he can get out at 6.1 whereas if he bought at market 6.5 he’s already in the hole. It’s all about anticipation. You have to catch the wave just as it’s going up and hope that your price will fill at the apex of the wave. And if it doesn’t, no biggie. Move on..

MH – I hope I’m not putting words in your mouth.. that’s what I’ve learned in the past month.. 🙂

I’ve been following your progress for the last several weeks and I have to say it has been very inspiring. I see you use 5 minute charts and was wondering if you ever tried 1 minute charts or was there too much artifact to get an accurate direction. Thanks.

I appreciate that, thanks! Yes, only 5 minute charts. I don’t use 1 minute charts because as you correctly pointed out, it’s usually not enough time to get an accurate on the stock’s movement.

I don’t have trading ideas before the market opens. I trade the same stocks everyday. I can provide more information about my technique if you email me.

Hi 25k250, not sure how I landed on your page but find your achievements quite interesting and approach equally intriguing. I am just a beginner trader. Hope will learn from you a lot in coming days!

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