8. An Acceptable Accident

DISCLAIMER: This is a simulated educational exercise using paper trading fake money. This is not investment advice and is not intended to be copied.

TLDR

  • Trades today
    • (To Close) BOUGHT 1 TSLA 100 14 APR 23 180 PUT @ 1.05
  • Thinkorswim’s UI is slightly dense…

Today In Review

Given all the activity earlier in the week, today was planned to be more of a “sit and chill out” day. However things happened…

It was a list of the usual suspects at the top of the flagged list for options today. TSLA, JPM, and so on as mentioned in the posts from earlier this week. Given my small capital available for trading and exposure to these stocks already, I had little desire to trade today.

I thought in my few minutes’ of time today I would be proactive and set up my closing trade limit orders to make Friday even more hands off. However, this is where something interesting happened. I still don’t know how, but my limit order accidentally switched to a market order and executed before I could cancel it. So my TSLA position (wrote at $2.42 premium) was closed at a $1.05 premium, which is worse than the $0.48 target. Either way, I still had a sizable gain on that trade, but less than what I was planning for.

Portfolio Standings

Portfolio Value (Open)$ 101,848.00 
Portfolio Value (Close)$ 101,743.00 
Change (Day)(0.10%)
Change (Tot)1.74%
Buying Power (Close)$ 27,000
Trades Made Today1
Thursday, 13 April 2023 Report

Closing Thoughts

Thinkorswim… Time to pay more attention to clicking on that UI! And more inspiration to make my own UI a bit cleaner.

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