"The only way to trade with Fibonaccis" journal

6/13:

SPY: -$376
SH: $91
2 days until ex-dividend date

Net for this trade:
-----------------------------
-$285

 

6/14:

SPY: $744
SH: -$175
1 day until ex-dividend date

Net for this trade:
-----------------------------
$569

I changed the background color of the legend to make it a little easier to see.

 

6/15:

Open positions:
SPY: $1,280
SH: -$448

Net for this trade:
$550.64 (estimated dividend payment)
$832.00 (net SPY/SH position)
-----------------------------
$1,382.64

Based on an estimated dividend payment of $0.6883 per share.

Would it help if I were to include the divided on the chart? Right now it just shows the total P/L for the open positions.

 

6/18:

Open positions:
SPY: $1,488
SH: -$504

Net for this trade:
$550.64 (estimated dividend payment)
$984.00 (net SPY/SH position)
-----------------------------
$1,534.64

 

Here is an adjusted PnL including dividend:

 

Considering buying more SH. As always, will post here beforehand or in real time if I do.

 

Looks like you're in the money........ again.

 

6/19:

Open positions:
SPY: $2,528
SH: -$763

Net for this trade:
$550.64 (estimated dividend payment)
$1,765.00 (net SPY/SH position)
-----------------------------
$2,315.64

 

6/20:

Open positions:
SPY: $2,352
SH: -$721

Net for this trade:
$550.64 (estimated dividend payment)
$1,631 (net SPY/SH position)
-----------------------------
$2,181.64

 

so what's the plan here? you suggested getting more SH? would you consider selling SPY at some point and adding to SH position, in other words tilt the ratio to SH position?