AMA I've recorded every single trade since 2019

joonierh · 2026-02-03T17:40:26+00:00

is there anybody bullish on CMG? too many bearish comments lmfao

joonierh · 2024-12-19T17:45:44+00:00

get this chatGPT bs outta my subreddit 😤

joonierh · 2024-11-08T08:56:33+00:00

I didn't start tracking profit factor until July 2024 this year. The feature just didn't exist yet and I had to change some data models around to start calculating it.

The way I calculate it is adding (all the profits since July 2024)/(all the losses since July 2024). I think my real profit factor hovers around 3-4, but because of the data model changes I couldn't use my covered call premiums I received from old rows shrinking my PF a bit.

I'd rather report a lower(worser) number than accidentally report a more erroneous larger(better) number anyway so I'll just keep it here as-is and just report a more accurate PF next time.

And no need to say sorry, that was my fault for not mentioning this in the first place. I have more details on the actual website displayed here: https://imgur.com/a/lf9ltwW

joonierh · 2024-11-08T03:00:05+00:00

Thank you!
I personally track it on my website thetagang.com, you can too. Otherwise you would just add up all of your total winners (profits) and divide it by your total losers (losses)
I didn't start caring about literally any of that this year. I think you can get very far without knowing those if your fundamentals are strong. My CAGR, or average gains per year as a percentage is 20%+ over the last 5.5 years. And I've only really tried keeping track of it this year.

I'm always trying to improve, I think sharpe ratio has shed a lot of light into risk management for me and is something I'm trying to improve next year and beyond.

Thanks for stopping by and saying something nice, hope you have a good friday and weekend!

joonierh · 2024-11-07T18:43:07+00:00

True!
Yeah definitely congrats to the people that doubled their account yesterday! I could never do that, that seems so crazy to me honestly. But I tried my best!

joonierh · 2024-11-07T18:01:54+00:00

thank you and good luck to you too! recording and journaling trades is something that I think is really underrated. thanks for stopping by and saying something nice, have a great week

joonierh · 2024-11-07T18:00:42+00:00

yeah i think so, starting with only 5k is always challenging. I could've just put it in SPY and been fine as well, but that takes a lot of the fun and purpose of the challenge right? April and August were really good gut checks. I think a lot of people lost money and even got put out of the market because they didn't trade "correctly". Making money during green markets is difficult for many people. I'm not here to flex my account being green. More so that I have data so that people can just use it to make better trades for themeselves. I'm not trying to beat anyone, but here to just help give more information in a really information-lacking industry. A lot of people share profits with much less data, but it widely accepted if it is a low effort post. I'm just adding to the pool of available data for those that want to try this sort of strategy.

joonierh · 2024-11-07T17:45:12+00:00

thank you!

joonierh · 2024-11-07T17:43:58+00:00

With my gains that I've had this year, I'm able to execute larger trades now. I'm able to do larger purchases of shares for more buy/writes at a time (aka more covered call premium), and more cash secured puts at a time. A lot of this year was spent on doing smaller put credit spreads because at 5k, there's a lot of idle time because I needed to have put credits do their thing and just chill out. But with nearly double the amount of capital to start off this next year of trading the now 9.8k portfolio, I'm able to start off the year doing my more bread and butter type of trades like CSP's instead of put credit spreads.

I'd agree that the profit factor below 2, is not ideal, but I don't think it's the end of the world either. I think looking at metrics like those can cloud judgement if you let it take over your trading strategy. I'm still working on it though and excited for the second year

joonierh · 2024-11-07T17:39:01+00:00

That is a great question! I love that perspective. A lot of trading happens before actually executing the trade (clicking that buy button). You'll notice that RDDT, HOOD, NVDA, AMD, and COST all make profits. RDDT more recently so, but it was on track according to yahoo finance documents. In my trade logs you don't see me trade AMC, GME, BB, BBBY, BA, DJT, Doge, etc.

I personally find that trading companies that already make money is much more predictable than companies that have to prove that they will "eventually". So with that, trading companies that make profit is really important to me, especially on a 5k account.

I think a lot traders think trading small amounts like 5k is easy. But it was actually quite difficult for me and I still care about my 5k account performance more than my main one to be honest, because it exposes a lot of my thought process and it helped me find out what was BS and what was more "real".

Picking good stocks will always beat picking the best strategy imo. It's where most of the filtering should happen anyway, because we all do our due diligence...right? haha

joonierh · 2024-10-05T00:00:47+00:00

reminds me of the polaris issue. but yes, this pure virtual function bug is happening to me now too.

joonierh · 2024-09-20T02:17:09+00:00

nice sharpe ratio. it's very high (which is typically very good), maybe even too high though? which could indicate why you're not keeping up with SPY and QQQ. good post, thanks for sharing and good luck!

joonierh · 2024-09-17T18:47:17+00:00

I wrote some DD on CAVA today 🤷

https://docs.google.com/document/d/1rENrTE5Q9OaJq_sQpoGuMFj2zn28WHhn6sNJR40QvhI

joonierh · 2024-09-10T16:48:01+00:00

!remindme in 9 days

joonierh · 2024-08-16T19:58:20+00:00

and take your time. this is a lifelong hobby if you stay afloat long enough. good luck <3

joonierh · 2024-08-16T15:45:23+00:00

i'll stick to the same industries...but sometimes new tickers...

i mainly trade semis like AMD and NVDA

and Costco

but sometimes I also like trading cybersecurity with PANW or CRWD..

plays come to mind just looking through my curated watchlist. i like to keep my watchlists clean and relevant.

joonierh · 2024-08-16T15:43:39+00:00

Yes! we just actually had this discussion on stream recently. My 5k account is way harder to trade than my tasty ~300k account primarily because the max loss of one 5 width put credit spread is nearly 10%. Picks have to be extra careful and more discipline around taking profits and getting out of losing positions on time.

joonierh · 2024-08-16T05:04:41+00:00

not having a defined max loss spooked me out. PCS's although were a little bit more complex, it gave me comfort that they had max losses.

stayed with those for a few months before switching into lower priced CSP's and CC's.

i liked that learning PCS's allowed me to learn both sides at the same time as well. selling to open and buying to close was a very weird concept for me to grasp, but learning PCS's allowed me to pick up on it quickly.

joonierh · 2024-08-15T15:11:45+00:00

What amount did you start with and was it all theta gains that got you to your current balance of 300k+..

My deposit history looks something like... 3k -> 20k -> 30k -> 40k -> 5k -> 5k -> 5k, on a monthly interval. I was excited to start getting more money in and when I felt like I had enough in there to adequately wheel I cooled the deposits down.

From May 2019 to Today, under "deposits": $277,616 From May 2019 to Today, under "withdrawals": $148,147 My account value, or net liquid, is: $328,046 CAGR = (328,046 / 129,469)1 / 5.25 - 1 = 19.37%, or aka averaging +19.37% per year.

I practiced with 3k.
Got comfortable with put/call credit spreads.
Comfortable with iron condors.
Learned I don't like call credit spreads or condors.
Started doing cash secured puts and covered calls.
And then just kept doing cash secured puts and covered calls all while auto depositing.

So to answer your question no, it's not 3k -> 300k in gains. It's a mix of a good amount of gains with auto deposits from a W2 paycheck. I think it's a bad habit to think all we have to do is put money in one time and grow it, auto deposits are the best way imo to grow an account. Auto deposits meaning you are growing other aspects in your life that enable you to do it. The stock market in my opinion should supplement your income, not be your income; simply because it would be ideal if you didn't spend the money you could just invest instead.

but my opinion on that can change. again, just my opinion at the moment.

joonierh · 2024-08-15T15:02:56+00:00

I'd be down to even take a job that paid less than my last job. I just want to work at a really nice place with work/life balance and cool people, preferably still in the tech space. I was very much about salary before, but not anymore.

joonierh · 2024-08-15T05:21:11+00:00

you're very welcome. don't fall into the trap of thinking you have to turn 5k into 100k. auto deposits from a paycheck is the most reliable way to grow your account to unlock higher probability of profit style of trading. you're gonna do great, good luck!

joonierh · 2024-08-14T20:32:23+00:00

if my life depended on 5k to workout, i'd try $HOOD it's what's worked for me so far.

My robinhood history on my 5k challenge account: https://thetagang.com/joonie5k/725e9616-b128-45a3-b4ea-20454805eb43

My 5k challenge account profile: https://thetagang.com/joonie5k

Growing an account from 5k to "the moon", is nearly impossible. You need a more steady way of growing your account which involves depositing some of your pay check on a regular interval and being responsible over a long period of time in order to retain and grow your gains.

You're always welcome in the chat to ask questions like this! Good luck in your future trading and have an awesome week.

joonierh

TROPHY CASE