The Piker Trading Journal, Gains-Losses.

Discussion in 'Journals' started by JesseJamesFinn1, May 28, 2020.

  1. SNAP was made off the $35 Calls, PYPL bought at $1.50 and sold at $3.30ish with small cash account.


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    #161     Oct 21, 2020
  2. Going for more Swing Trades with bigger accounts because I am getting tired of sitting in front of the computer all day. Spent less than three hours day trading today, examples of my holdings are and trying to learn to have "diamond hands" with COST, CCK, MCD, PINS and LOGI which is so dam hard not to sell because of day trading.

    LOGI March $80s. CCK Jan $90s, SNAP April $30s, PINS Nov $45s after rolling up the $35-$40s. TGT April $160s, MCD M $220s LOGI $80s, COST March $380s, ACI April $15, DKS March $60s, CMCSA Jan $45s.
     
    #162     Oct 21, 2020
    Gaslight Capital likes this.
  3. Keep your eyes on ISIG, its at $1.80 while writing this.. Yesterday I caught WEI at $3, sold at $5 only to see it hit $7.50 after hours. Dangerous stocks to faint of heart.
     
    #163     Oct 21, 2020
  4. Not recommending anyone buy any stock, with Election who knows what the hell is going to happen. Wish you all Good Luck!
     
    #164     Oct 21, 2020
  5. SNAP $39 Oct 23 Cs. Bought at $.30, sold at $.57-$.70 missing $.75-$.79 because of stupidity and greed. Realized was the SNAP $39s,the extra is a few small stocks I am holding.

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    #165     Oct 22, 2020
    vanzandt likes this.
  6. Overnight

    Overnight

    I keep hearing that buying calls is a losing proposition. I still don't understand why.
     
    #166     Oct 22, 2020
    JesseJamesFinn1 likes this.
  7. I've heard that too, on Tuesday I bought some SNOW $250s for $3 and they hit $51 today. I got5 x times my money on that trade and its still killing me I did not have diamond hands(all or nothing WSB style) is that stupidity or greed?
     
    #167     Oct 22, 2020
  8. Overnight

    Overnight

    So you bought for $3 and you sold for $51. Is this good or bad? I heard the best money to be made is selling puts, not buying calls.
     
    #168     Oct 22, 2020
  9. vanzandt

    vanzandt

    JJ....
    I like SNAP, but it'll pull-back. Just hold it through the noise. That or cash out tomorrow and buy back in on a pullback.

    Get out out of Logitech though, take the profit and then wait for it to do some ridiculous intraday spike and grab the puts. Rest an order and let it sit there if you don't want to watch it. 40% sales growth in 2021. No friggin way. Not organic. Short this thing, but wait for a spike. You might ride those calls for a bit though. Use $102-$107.
    It'll be much lower a year from now.

    Thanks for putting it on my radar.
     
    #169     Oct 22, 2020
    JesseJamesFinn1 likes this.
  10. $51/$3 is 17x? 5x is $15.
     
    #170     Oct 22, 2020