1. U.S. Futures


OldFarts Futures and IRA Trading Journal

Discussion in 'Trading Journals' started by OldFart, May 24, 2022.

  1. OldFart

    OldFart Well-Known Member

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    This is not a futures trade, but an IRA trade:
    Bought 100 shares of BP @ $38.77
    Sold 1 contract of $37 Jan 16, 2026 call @ $6.825 ( plenty of time )

    Earnings at the end of this month.
    Dividend date 9 Nov 2023

     
    #21 OldFart, Oct 10, 2023
    Last edited: Oct 10, 2023
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  2. stock1234

    stock1234 Well-Known Member

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    It has a pretty juicy dividend :thumbsup:
     
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  3. OldFart

    OldFart Well-Known Member

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    No trades last night - TDA maintenance and didn't want to get stuck holding a losing futures trade.
    This morning, had to go get something refinanced at a lower rate - went from 10.75% to 7.75% interest rate :) ( took 3 hours ) :eek2:

    Bought 100 shares of Ford - sold 16 JAN 2026 $10 calls for $3.30 - bought 16 JAN 2026 $8 put for $0.94 - already made $236 on the deal and $0.60 dividend sometime this month...around 5% divi per year...:booyah:

    My IP provider also sent me an email stating there will be maintenance "sometime between 12 AM and 6 AM" :horse:

    I also changed the name of this thread to more accurately describe my intentions:
    OldFarts Futures and IRA Trading Journal
     
  4. OldFart

    OldFart Well-Known Member

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    Made a quick $40 on /GC short.
    Shorted at 1991.50
    Covered at 1991.10
    Had a tight stop and got triggered on the bollinger band bounce.
    Profit is a profit and I'll take it. Do this 10-15 times a day, and it's a good living.

    Reason I got in was a double top MACD
    I still think we may see another drop, but we'll see what happens...
    upload_2023-10-23_4-40-46.png
     
  5. OldFart

    OldFart Well-Known Member

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    Also watching the /ES.
    Bouncing around between the 50% & 25% fib:
    upload_2023-10-23_4-45-20.png
     
  6. OldFart

    OldFart Well-Known Member

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    Went and made another cup of coffee and missed the /ES drop...always another trade right around the corner....

    upload_2023-10-23_5-2-56.png
     
  7. OldFart

    OldFart Well-Known Member

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    /GC -> re-looked at the chart using a 15 min time frame, and it appears that there's more room to the upside.

    We'll see what the market decides to do...:hmm:. Indicators mean nothing if there's no follow through on price action.

    MACD & ADX are pointing upwards, so it appears there's room to run to the upside on a longer time frame

    upload_2023-10-23_5-7-27.png
     
  8. OldFart

    OldFart Well-Known Member

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    Made several stupid mistakes this morning:
    I woke up at 3:00 AM, was ready to trade around 3:30, when I had clear indications of a bottom bounce, when there was a MACD cross over, and price action was following that indicator.
    I didn't pull the trigger....lost out on $450 profit.
    Then, /ES started pulling back, but in my head, I saw the bull flag forming, but MACD was saying a potential drop was coming. I was having conflicting indications, which should have told me to stay out, but my hard headed ass decided to short, and got my ass handed to me instead. :mad2:

    upload_2023-10-26_4-54-7.png
     
    #28 OldFart, Oct 26, 2023
    Last edited: Oct 26, 2023
  9. OldFart

    OldFart Well-Known Member

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    Don't normally look at longer time frames, but it appears that US markets are in a small wedge pattern.
    We may eventually break out or breakdown :hmm:

    upload_2023-10-31_5-37-39.png

    Prior attempt at a break out failed:

    upload_2023-10-31_5-41-52.png
     
    #29 OldFart, Oct 31, 2023
    Last edited: Oct 31, 2023
  10. OldFart

    OldFart Well-Known Member

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    So far in the IRA, I'm + $270 ( or so ).
    I haven't posted all of my in's and out's of the options collars + dividends ( which I've been getting most of my profits on). I just keep adjusting them as the stocks go down ( making money on both sides of the options collars ).
    Not worried about the price of the stocks going down...I am protected with options collars :D
     
    #30 OldFart, Oct 31, 2023
    Last edited: Oct 31, 2023
  11. OldFart

    OldFart Well-Known Member

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  12. OldFart

    OldFart Well-Known Member

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    Markets started dropping...got up at 3:30, but by the time I got the computer up and running, and made coffee and woke up, the move already started.
    Waiting on a reversal now....:hmm:....not sure that'll happen since the dollar is in a slow upward trend for now.

    upload_2023-11-10_4-24-4.png
     
  13. OldFart

    OldFart Well-Known Member

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    went long /ES at 4362
     
  14. OldFart

    OldFart Well-Known Member

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    out /ES 4363.75
    not a huge profit, but I'll take it
     
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  15. OldFart

    OldFart Well-Known Member

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    Reasoning behind the /ES trad this morning:
    MACD and ADX were forming a pinch + double bottom on the chart + price was above the 20MA and it was curling upwards:

    upload_2023-11-10_4-51-27.png
     
  16. stock1234

    stock1234 Well-Known Member

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    Nice, profit is profit :thumbsup:
     
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  17. OldFart

    OldFart Well-Known Member

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    Left a lot on the table, but my idea is, profit quickly multiple times a day, and it adds up. :D
     
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  18. OldFart

    OldFart Well-Known Member

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    Classic fibonacci rejection + the dollar started to rise after hitting some support.
    Didn't trade this one

    upload_2023-11-10_5-8-12.png
     
  19. OldFart

    OldFart Well-Known Member

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    Trying to post trades in real time is tough...I think I may have to give up on the real time posts, because I'm missing out on potential profits.:tongue:
     
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  20. stock1234

    stock1234 Well-Known Member

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    All good, I don’t mind a slight delay :D
     
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