As you know I’ve been making a lot less Grasshopper Trades lately. I’ve been working hard on adding Day Trading to my tool box. I never wanted to be a Day Trader, and still don’t. However, I’ve been having some luck and I feel added to my normal trading could be a nice weapon.<\/p>\n
I’ve made a bunch of Day Trades and many went well in only a few minutes. If it doesn’t go so well I get out with a small loss or if I like the stock I’ll sell Calls and bring in premiums. I do not post all my Day Trades unless I think it would be a good learning trade or I changed it from a Day Trade to a trade where I sell a 1 week option. Then it gets listed in my active positions.<\/p>\n
All trades don’t go well. You must understand, all trades are not winners. It’s OK to be wrong. The trick is if a trade goes against you, you don’t stay wrong. Get out! Some people don’t like taking losses and they hang in there and the trade becomes a big loser. The best traders are the ones who get out of losing positions the fastest. Believe me, I know. I hung in many trades too long. Now I’m trying to get out and liquidate. By the end of the year I’ll be out of all my bad trades. I’ll take losses and I’ll get Tax write offs, and move on. In the meantime I’ll keep taking in money. This week I didn’t make any Grasshopper Trades but I had a very good week with my Master Trades. The Trades are below.<\/p>\n
<\/p>\n
10\/1\/21 \u2013 Sell to Open 10 PTON 10\/8\/21 $87.00 C @ $2.50 (+$2500)<\/strong><\/p>\n 10\/4\/21 \u2013 Buy to Close 10 PTON 10\/8\/21 $87.00 C @ $1.00 (-$1000) <\/strong><\/p>\n With this UVXY trade I bought 2000 shares and sold 1000 at a time.<\/p>\n 9\/21\/21 \u2013 Buy 2000 Shares UVXY @ $23.40<\/strong><\/p>\n 10\/4\/21 \u2013 Sell 1000 Shares UVXY @ $25.00 <\/strong><\/p>\n 10\/4\/21 \u2013 Sell 1000 Shares UVXY @ $24.50 <\/strong><\/p>\n 10\/4\/21 \u2013 Buy to Open 1 MSFT 1\/21\/22 $280.00 C @ $17.00<\/strong><\/p>\n 10\/5\/21 \u2013 Sell to Close 1 MSFT 1\/21\/22 $280.00 C @ $20.00 <\/strong><\/p>\n 9\/28\/21 \u2013 Buy to Open 5 SQ 10\/29\/21 $245.00 C @ $12.20\u00a0<\/strong><\/p>\n 10\/7\/21 \u2013 Sell to Close 5 SQ 10\/29\/21 $245.00 C @ $13.20 <\/strong><\/p>\n 9\/13\/21 \u2013 Sell to Open 10 FCEL 10\/8\/21 $7.00 C @ 25\u00a2 (+$250)<\/strong><\/p>\n 10\/8\/21 \u2013 Expired 10 FCEL 10\/8\/21 $7.00 C <\/strong><\/p>\n 9\/29\/21 \u2013 Sell to Open 10 BBIG 10\/8\/21 $9.00 C @ 25\u00a2 (+$250)<\/strong><\/p>\n 10\/8\/21 \u2013 Expired 10 BBIG 10\/8\/21 $9.00 C <\/strong><\/p>\n 10\/1\/21 \u2013 Sell to Open 20 UVXY 10\/8\/21 $23.50 C @ $1.50 (+$3000)<\/strong><\/p>\n 10\/8\/21 \u2013 Expired 20 UVXY 10\/8\/21 $23.50 C <\/strong><\/p>\n Assigned At-the-Money Covered Call<\/span><\/p>\n 10\/4\/21 \u2013 Buy 1000 Shares PTON @ $85.00<\/strong><\/p>\n 10\/8\/21 \u2013 Assigned 1000 Shares PTON @ $85.00 <\/strong><\/p>\n 10\/5\/21 \u2013 Sell to Open 10 PTON 10\/8\/21 $85.00 C @ $1.50 (+$1500)<\/strong><\/p>\n 10\/8\/21 \u2013 Expired 10 PTON 10\/8\/21 $85.00 C <\/strong><\/p>\n This was another great week.<\/p>\n As I wrote earlier, I know I’m not posting as much without doing many Grasshopper Trades, but you must do your own homework. By this I mean you must study. I’ll get out as much as I can while I’m trying to make money, but you must put in the time. You must develop your own style of trading according to your own risk tolerance.<\/p>\n Enjoy the rest of your Columbus Day weekend.<\/p>\n Any questions, email me.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" As you know I’ve been making a lot less Grasshopper Trades lately. I’ve been working hard on adding Day Trading to my tool box. I never wanted to be a Day Trader, and still don’t. However, I’ve been having some luck and I feel added to my normal trading could be a nice weapon. I’ve […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-12379","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3dF","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12379"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12379\/revisions"}],"predecessor-version":[{"id":12380,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12379\/revisions\/12380"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$1500<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$1600<\/strong><\/span><\/h4>\n
Profit +$1100<\/strong><\/span><\/h4>\n
\nProfit +$300<\/strong><\/span><\/h4>\n
\nProfit +$500<\/strong><\/span><\/h4>\n
\nProfit +$250<\/strong><\/span><\/h4>\n
\nProfit +$250<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$3000<\/strong><\/span><\/h4>\n
\n\u00a0Profit $0<\/strong><\/span><\/h4>\n
\u00a0Profit +$1500<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$10,000<\/h2>\n
\n