Day 42
Foolish Trader Journal, Day 42.
Market Recap
The market moved up today.
- SPY went up by ~1.6%.
- QQQ went up by ~2%.
Trading Update
Yesterday, I said the following:
Possibly open one more credit spread.
And so I did.
- Sold QQQ $445/$435 Put Credit Spread, expiring 5/2 (44 DTE), receiving $63 in Premium
I also closed my SOFI $13 Put that was expiring this Friday, at ~40% of premium received.
My exit philosophy for PCS remains the same as yesterday:
- Closing the trade on which ever of the following happens first:
- Trade loses 200% of the premium received.
- Trade gains 50% of the premium received.
- Trade is at 21 DTE.
Portfolio Status
My portfolio moved up by 3.47% today.
📉 Year to Date: -3.67%
📉 All Time: -18.87%
YTD comparison: SPY is down -3.34%, while my portfolio is down -3.67%. I continue to under-perform SPY.
Here are the open positions.
Trade History
Here are my last 20 trades:
Plan for Tomorrow
I will likely open another Put Credit Spread, and sell a Cash Secured Put.
📌 Disclaimer: Nothing on this site is financial advice—I’m just here to entertain! Here’s my introduction, my trading philosophy, and some ground rules.