Cybernetic Trading

1/31/2020 - Trades

Closing
WINNER - TSLA (O DTE) - Let expire total = $111.70
Loser PSX - Bought 2 2/21 Puts for ($1042.00) total ($916.00)

Rolling
Rolling PSX - Sold 2 2/21 Puts for $1200

Opening
No opening trades

Loss analysis
PSX - The original loss limit was $378. Lost ($916.00). Rolled for $1200. Even if I close the position at %50 winner, the total loss would be $316. This is the problem with letting a losing trade get away from the plan. PSX had earnings and the loss got away past the lost limit before I could close it. This was not an earnings trade, but the earnings burned me on this one.

Game Plan
PSX has a High IVR and the RSI is at 16.30. In order for me to scratch this loss if the trade gets to %50 winner, I can either hang on to the trade or roll up the Puts, pocket the win and collect more premium.

2020 Current Trades

Credit Received 50% 3 times CR Received Open Amount 3 CR Received Notes
TSLA 2 $98.00 $49.00 $294.00 ($232.00) $62.00
SPR $105.00 $52.50 $315.00 ($152.00) $163.00
MSFT $95.00 $47.50 $285.00 ($65.00) $220.00
LMT $124.00 $62.00 $372.00 ($16.00) $356.00
NOW $105.00 $52.50 $315.00 ($370.00) ($55.00) Has reached 3 * CR received. Looking to roll on Monday
TSLA 1 $100.00 $50.00 $300.00 ($270.00) $30.00
PSX - Roll $1,200.00 $600.00 $3,600.00 $0.00 $3,600.00
DIS $136.00 $68.00 $408.00 $20.00 $428.00
GOOG $91.00 $45.50 $273.00 ($114.00) $159.00
TSLA 3 $104.00 $52.00 $312.00 ($226.00) $86.00
CVX $124.00 $62.00 $372.00 ($238.00) $134.00
CAT $108.00 $54.00 $324.00 $0.00 $324.00
V $118.00 $59.00 $354.00 $29.00 $383.00
MSFT $95.00 $47.50 $285.00 ($65.00) $220.00

Total $2,603.00 $1,301.50 $7,809.00 ($1,699.00)

2020 Overall Totals
W - 35
L - 2
% - 94.59%
$ = $746.86

2020 Scoreboard

# of trades Underline W L $
1 STZ 1 $46.42
2 EOG 1 $51.42
3 BBBY 1 $3.13
4 NOC 1 $39.84
5 AMZN 1 $36.40
6 INCY 1 $43.42
7 PSX 1 $5.42
8 BLK 1 $37.42
9 GS 1 $80.71
10 UNH 1 $38.42
11 TSLA (REVENGE) 1 $67.71
12 TSCO 1 $36.71
13 PPG (EARNINGS) 1 $44.85
14 TSLA 1 $46.79
15 RUT 1 1 $53.43
16 RUT 2 1 $53.43
17 UAL 1 $48.85
18 NFLX 1 $96.44
19 IBM 1 $28.42
20 CTXS 1 $42.85
21 UNP 1 $62.85
22 TXN 1 $56.85
23 TSLA (Revenge) 1 $102.70
24 SWLS 1 $93.41
25 INTC 1 ($353.13)
26 WDC 1 $34.71
27 SPX 1 $109.67
28 MMM 1 $34.85
29 RCL 1 $61.42
30 WMT 1 $49.93
31 MCD 1 $40.42
32 AMGN 1 $38.71
33 TSLA (Earnings) 1 $136.71
34 FB 1 $116.71
35 TSLA (Day Trade) 1 $65.42
36 PSX 1 ($918.15)
37 TSLA 1 $111.70