Day 56

Market Recap

The market moved down today.

• SPY declined by 1.51%.
• QQQ declined by 1.77%.

Trading Update

Tried something new today over on TastyTrade - automated exits. That’s right, I let the robots take the wheel.

I set up yesterday's SPY Call Credit Spread with an auto-exit at 100% loss (ouch) or 50% profit (yay?).
SPY started the day with a caffeine buzz and was climbing, so the trade was bleeding early - but the beautiful part? I didn’t have to babysit it.

I did lose the trade, but hey, the system worked. One of the reasons I opened the TastyTrade account was to test out mechanical trading. Check.

So that was the Tasty update:
SPY spread closed, net profit: $0.00 - break-even!

Now over on the Robinhood side of things - I noticed my QQQ Call Credit Spreads were already up over 60% by the afternoon. I started selling them off in batches.

Closed 5 out of 6 open positions and clawed back a bit of the damage from yesterday.

No new trades today - I gave my phone a rest and let the portfolio breathe.

Portfolio Status

Did the intervention work? Maybe? My portfolio actually went up ~2% today, which in this market feels like finding a $20 bill in an old coat pocket.

• Today's Change: +2.16%
• Year-to-Date (YTD): -30.9%
  • SPY (YTD): -17.75%
• All-Time: -39.8%

Here are the open positions.

Trade History

Here are my last 20 trades:

Plan for Tomorrow

Looking to open more credit spreads tomorrow - simple, mostly dependable, like black coffee.

I want to buy puts. I really do. But every time I try, it’s like catching a falling knife... with my face. So yeah, I am resisting. Again.

📌 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.