John J David

Trading Journal of an Option Buyer.
Checkout the YT Channel @theoptiongeek for daily updates, and the pinned tweet for more details.

[John J David @theoptiongeek]

1. Took my first trade on 10th July 2020 in the equity segment. First option trade followed shortly, on 14th July 2020. My love affair for options has sustained & strengthened through various ups and downs (mostly downs so far 😅) since day one.

[John J David @theoptiongeek]

Your flight SG 801 from Chennai to Bagdogra which was supposed to take off at 0545h today is now scheduled for 1730h! Customer care is not picking calls to clarify whether or not there could be a further delay. @flyspicejet please respond.

[John J David @theoptiongeek]

@PRAFULKULKARN18 "and yes, survivorship bias!" Lol! :D

[John J David @theoptiongeek]

@Shijumonantony sir your preference for consolidation post breakouts must have given you the 10-12R hero/zero trade (25300 PE move from 5 to 67) in yesterday's expiry?

I could only understand it after the fact so missed the opportunity! 😅

[John J David @theoptiongeek]

@Shijumonantony @Jayakrishn26438 Do you take trades based on price action of naked charts in US markets as well?

[John J David @theoptiongeek]

@Shijumonantony Thank you sir

[John J David @theoptiongeek]

@Shijumonantony Sir do you tweak down the per-trade risk during low VIX phases like this? Could you please tell how you go about it?

[John J David @theoptiongeek]

https://t.co/jxB3pd69YV

[John J David @theoptiongeek]

https://t.co/xvfJOSRvrh
Major trend has turned bullish, after being sideways for almost 7 weeks. Next major resistance is at all time high, which - interestingly enough - is at an exact distance of 3% (the range within which it was stuck) from the breakout level! :)

[John J David @theoptiongeek]

https://t.co/ga57c0tBzU
Took 7 trades, 6 of them FOMO! 🫤
Smh managed to close the day in green though, which is a silver lining.

[John J David @theoptiongeek]

https://t.co/wQfZKD9Rc5

[John J David @theoptiongeek]

https://t.co/kSyQOURuka
No trade since market gapped down and opened within the same range it has been stuck in - for 6+ weeks now. It has been around 12 days since the last trade :(

[John J David @theoptiongeek]

https://t.co/SIn9zNw4fc

[John J David @theoptiongeek]

5. Updated Score: -3.13L
FY 20-21 : -1.85L
FY 21-22 : -72.2k
FY 22-23 : -16k
FY 23-24 : -40k
FY 24-25 : 0
FY 25-26 : ???

[John J David @theoptiongeek]

1. Took my first trade on 10th July 2020 in the equity segment. First option trade followed shortly, on 14th July 2020. My love affair for options has sustained & strengthened through various ups and downs (mostly downs so far 😅) since day one.

[John J David @theoptiongeek]

4. The aim for this FY is to follow Mark Douglas' Exercise till 28th Mar '24, forward testing one strategy at a time, and scaling up iff the risk reward and win ratio makes sense. Each trade will be logged into an excel sheet, analysed in my journal and reviewed periodically.

[John J David @theoptiongeek]

@Shijumonantony Sir please do an option buying nuances part 3! 😅

[John J David @theoptiongeek]

16. Handwriting the PMA/Journal is important.

17. No analysing/revisiting/tweaking the SOP in between sets of 20 trades to train your mind to think in probabilities.

[John J David @theoptiongeek]

Report: #FY22_23

1. Days Traded: 138
Green: 77
Red: 61
Green Ratio: 55.8

2. Trades: 289
Profit: 155
Loss: 134
Win Ratio: 53.6

3. PnL: +10k (+10%)
Charges: -22k (-22%)
Net: -12k (-12%)

4. Avg Profit: +1,022 (+1%)
Avg Loss: -1,155 (-1.2%)
Avg RR Ratio: 0.88

[John J David @theoptiongeek]

14. In the journal entry, daily chart will be treated similar to 5min chart, and the price action of the day before will be connected to that of today, to help understand the next day's price action better.

15. Keep calm & manage risk. The score takes care of itself.

[John J David @theoptiongeek]

Report: #FY23_24

1. Days Traded: 92
Green: 35
Red: 56
Green Ratio: 38%

2. Trades: 103
Profit: 39
Loss: 64
Win Ratio: 38%

3. PnL: -5k (-5%)
FOMO: -24k (-24%)
Charges: -11k (-11%)
Net: -40k (-40%)

4. Avg Profit: +1,735 (+1.7%)
Avg Loss: -1,142 (-1.1%)
Avg RR Ratio: 1.52

[John J David @theoptiongeek]

@karthikrajasekr @SarangSood @BandiShreyas Keep a reminder for 21st in google calendar n keep the setting to repeat every month. Will take 2min.

[John J David @theoptiongeek]

@Shijumonantony Thanks a lot sir.
Have messaged you.

[John J David @theoptiongeek]

@Shijumonantony [email protected] sir

[John J David @theoptiongeek]

@Shijumonantony How do I contact you sir?