Current Status:
• Week: 3 of 8
• Challenge: 30 options trades, 80% win rate goal
• Account: $5,000
Positions Update:
All positions were CLOSED at losses heading into earnings season to raise cash:
| Ticker | Result |
| ---------------- | ---------------- |
| PLUG Jun 20 $4C | Closed ~85% loss |
| AUR Jun 20 $7C | Closed ~80% loss |
| DEFT Jun 20 $1C | Closed ~60% loss |
| IONQ Jun 20 $40C | Closed at loss |
| LAC Jun 20 $5C | Closed at loss |
Running Stats:
• Trades Completed: 5
• Wins: 0
• Losses: 5
• Win Rate: 0%
• Current Cash: ~$3,800
Things to not do again and improve:
• Week 1 entries were FOMO trades, not real setups
• Applied better criteria for Week 2 (above 20-day MA, real catalyst, near-ITM) but still didn't work
• Made the hard call to raise cash before big tech earnings rather than hold and hope
• Sometimes the best trade is no trade
Plan for Week 3:
• Watching: RKLB (earnings May 7), SNAP (earnings May 6), MRVL momentum
• Will re-enter on confirmed setups post-earnings
• No chasing need to wait for setups only with Liquidity - >100 contracts daily, OI >500 and IV Rank >50 - rich premium
Down ~20% on the account. Not proud of it, but not hiding it either. This is why I'm posting accountability beats ego. The 80% win rate goal is looking tough from here, but sticking with the 30 trades to see what I can pull out in the end.
Anyone else sitting in cash waiting for earnings to clear?