ES Journal - 2019/2020

Basically, I am short the equivalent of 4% of a ES contract. I am nearly completely hedged, while enjoying time decay on my hedged option positions. I still have the potential to profit on a large move in either direction, especially in the shorter term to the upside or to the downside on a little longer term. Either way, this trade will be closed by the end of this week. I will post a screenshot of the payoff diagram on this trade in my journal tonight.

 

Sl set @51.25 . thats it, leave it on auto trade. will check later.

 

oh I think I get it. IOW you don't have to be as right as I need to be?

 

buying es again 52.75

got to love the maths, they make $ no matter what

trgt 56

 

I currently allow myself discretionary delta of up to .30 in the form of either a under hedge or a over hedge.

Edit: My new strategy gives me more time to be right and can reduce negative scalps.

 

first loss of the day -1.75
will check @46.00 for more trade opportunities.

 

i thought u are going for the home run to 81.00

 

81?? never a trgt. cashed first trade just above 56 like I said would.

 

ok 46.00 and lower is no mans land for me, will have to check for bear weakness and bulls to come in, if that happens, long would be preferable. lets see.

 

3% discount on the ES.