Day 43

Market Recap

The market moved down today.

• SPY went down by ~.48%.
• QQQ went down by ~.29%.

Trading Update

tl;dr No trades today.

Yesterday, I said the following:

I will likely open another Put Credit Spread, and sell a Cash Secured Put.

I attempted to sell a Cash Secured Put on SOFI but couldn’t find a good entry when I was looking. If you've been following me for a while, you know that I have a day job, so my trading happens either before work or during my lunch break. It’s not like I sit around all day waiting for the perfect entry—I usually have about ten minutes to scan for opportunities.

I also looked to open a Put Credit Spread (PCS), but most of the stocks on my watchlist were trending green at the time. Since I prefer opening PCS positions when stocks are red (to squeeze a little extra premium), I didn’t enter a trade.

I did try to manage my AMZN PCS when it briefly hit over 40% of the premium I collected—an effective 8% return in just two days. However, my order never got filled and was canceled at the end of the day. I wasn’t willing to close the position for less than a 40% gain, so I didn’t adjust my price to push the trade through.

Portfolio Status

📈 Today’s Change: +0.71%
📉 Year-to-Date (YTD): -3.48%
📉 All-Time: -18.72%

YTD comparison: SPY is down -4.26%, while my portfolio is down -3.48%. Today, I have swapped positions with SPY, and am marginally ahead.

Here are the open positions.

Trade History

Here are my last 20 trades (same as yesterday since there were no new trades today):

Plan for Tomorrow

Same as yesterday, 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.