trading diary: 1/14

ok, it looks like today, the goal is to trade, obv, but to begin to test the W % of three different strategies,

point of control (POC)
option flow (OF) &
just me and my intuition

I'm going to track some of the other data too just for kicks,

twitter [7:28am]

$spy

340 puts

290 calls

fear gauge =51 [7:29am]

however, POC and OF are converging today, in fact everything is

tweets
POC
OF

everything is pointing to spy going down

but then wouldn't my intuition be for the stock to go down too?

ok, just kidding, those options #s are from yesterday, everything just went to 0 [805am, central]

have a limit order on 460p, which had the highest volume for OTM puts

p/c ratio 1.63

limit hasn't been filled yet, getting nervous

wondering if it could hit the POC which is at 464, a few $ up, that's yesterday's POC

filled, 0dte 460p

why?

POC declines from yesterday

oh jeeze, -11%, -12.50,

oh snap, volume higher than OI

at this point I think we're going to test the POC

which means you should have minimized risk by waiting to buy higher

-3%

-7

-10

-12

yep, it's going for the POC, previously day's POC

reject?

wow, -30%

big red candle

what are you supposed to be doing? watching the macd?

you should have used the macd in tandem with this...too many things at once

BIG red candle

what happens after it hits 460 tho?

then, i use the LOD, 459.98, if it breaks that then I take 458p, which is the POC from a while back, should head there...

-21%

buy at resistance (puts), buy at support (calls), minimize risk

-18%

1.65p/c ratio

-22%

I mean, lots of volume on calls too tho

like that 465? call...

but, that's part of the strategy, you're looking for op to go bearish because of the POC from yesterday, so there...

plus the p/c ratio

plus twitter

plus macro stuff (annoying puru guy)

-25%

oh yea there was all of that other macro? stuff

that's also why you need to buy at resistance (for a p) because the POC orientation could reverse, since, if that's your operating assumption, it will go higher than that if you're wrong

which sounds good, these are the conditions in which I'd be wrong, if I'm wrong, then this is how I'm going to know, you know how you'd be both wrong and right, sounds good

-17%

intraday POC forming, also below the previous day's

macd shows bulls losing strength