SPYSPXNVDAAAPL Guru's #AprilChallenge Day 3rd Report Card.
Starting Balance: $3987 Ending Balance: $4083
Net PnL: $96
Option traded: 1.) Bought SPX 5430P at $730— one lot. Sold at $1260 and booked a profit of $530 2.) Bought XSP 543P at $108—10 lot. Sold at $120 and booked a profit of $120 3.) Bought XSP547C at $236—one lot. Sold at $105 at a loss of $158 4.) Bought XSP547C at $78—three lots. Sold at $29 at a loss of $147 5.) Bought SPX 5430C at $210—one lot. Expired worthless 6.) Bought XSP542C at $39—one lot. Expired worthless
Performance: Good
Emotions: 1.) Relaxed today; 2.) showed no hope and greed.
Strong Point: 1.) Able to close some trades with a loss, which indicates that Guru is doing well on becoming hopeless in trading. 2.) Perfect entry on first put. 3.) Followed the "trend is friend" rule.
Weak Point: 1.) Overtrading. 2.) Broke own rule of doing two trades only. 3.) Did a last-minute trade with an OTM call option.
Guidelines for the future: 1.) Never ever overtrade. 2.) If scalping last minute, then always buy an ATM or ITM option. 3.) Never trade if you have already booked a good profit in your first trade.
Thank you, everyone, and I am just $917 away from reaching my target. I hope everyone did their best today. How was your third day of challenge? Please share your P&L with all. See you all tomorrow!
VOOQQQAAPLNVDAGOOGL Hey don’t panic folks, keep buying the dip. Things will turn out so well and juicy when all is over. Valhalla will greet you all with 72 virgins. I’m still holding my bag of long positions, but for now I’m gonna board my flight to Aussy 🐨🦘🍃 See you folks in 6 months to see if the mess is fixed.
SPYSPXNVDAAAPLTSLA Good morning, traders! Day 3 of the #AprilChallenge ($500 to $5000).
Previous day quick summary: Lost $514 on the first trade and made $1777 on the second trade. The initial balance was $2724. The ending balance was $3987.
IMPORTANT NOTE: My account is larger than this amount, and I have some open positions simultaneously. I am only using an initial balance of $514 to complete this challenge. As of now, taxes and fees are not included in the initial balance or P&L.
04/03/2025
Initial balance : $3987
Capital to invest today: Not more than $600 for each trade and not more than $1200 all day today.
Maximum loss capacity: $700
Profit target/expectation : Anywhere between $800 and $1000
Max. trade : Only two
Let's start the 3rd day of the #AprilChallenge (drumroll). Share your progress below if you have joined this challenge. Thank you!
SPY 
SPX 
NVDA 
AAPL Guru's #AprilChallenge Day 3rd Report Card.
