This options trading review is my end-of-day note for Wednesday 03 June 2026. I took two F&O trades today. The first was a short CE trade that failed after about 74 minutes. The second was a short PE trade that worked after about 60 minutes. The day finished profitable.
I am writing it in plain language because that is how I want my trading journal to work. What did I trade? Why did I take it? How long did the trade fight? What happened after the exit? Did I follow the rules?
The Short Version
- Trades taken: 2
- Trade 1: short CE option, loss, about 74 minutes
- Trade 2: short PE option, win, about 60 minutes
- Day result: profitable day
- Market condition: mixed intraday session
- Rule status: rules followed
Market Read
The session was mixed. There were moments where one side looked in control, then price slowed down again. That kind of day can tempt a trader to chase every move, especially in futures and options.
I did not want to do that. I waited for price to come to the marked area. If the setup qualified, I would take it. If it did not, there was nothing to do.
Trade 1: Short CE Failed
The first trade came in the late morning. The setup gave me a reason to go short on the call side, so I shorted a CE option.
The trade sat there for about 74 minutes. It had enough time to work, but it never really got going. Price pushed back against the idea, and the trade closed inside my planned risk.
That part is important. The trade failed, but it did not become a bigger problem. I did not argue with it. I took the loss and moved on.
Trade 2: Short PE Worked
The second trade came later, around the mid-session area. This time the setup was on the put side, so I shorted a PE option.
This trade stayed active for about 60 minutes. After the first loss, it would have been easy to become impatient or try to recover quickly. I did not want that.
The market does not owe me a recovery after a loss. My job is to take the next valid setup, or do nothing.
The second trade had to qualify on its own. It did. I took it, managed it through the planned path, and the trade ended profitable.
What I Learned Today
The useful lesson was not that one trade lost and one trade won. That happens.
The useful lesson was that the first result did not control the second decision.
- The short CE trade failed after enough time in the market.
- The short PE trade worked because it had its own valid reason.
- The day stayed controlled because risk was already defined.
- The result was profitable, but the better part was that the rules stayed clean.
Risk Notes I Want To Keep
Risk management in trading is not only about avoiding losses. Losses will happen. The real job is keeping them controlled, so one trade does not damage the next decision.
Today, the first trade failed and the loss stayed within the plan. That gave me room to judge the second setup properly.
This is why I keep the journal simple: trade direction, short or long, call or put, risk, exit, and one lesson. If I cannot review those things quickly, the journal is too complicated.
What I Want To Remember
A losing CE trade did not end the day. A profitable PE trade did not make the system perfect. Both trades were simply information.
Related Reading
- The Rule Is The Edge – my book on rule-based trading discipline.
- Risk Management Handbook – structured risk control and post-session review.
- Free Risk Management Starter Checklist – simple checks before and after a session.
- Trading Journal – the public MyTradingDesk trade review archive.
- Tools – trading books, templates and future trader resources.
Useful Next Step
If you want the deeper rule-based side of this work, start with The Rule Is The Edge. For simple risk review, use the Risk Management Handbook and the free checklist.
Final Note
Two trades. One loss. One win.
The first trade failed, but the second setup was judged on its own merits. That kept the day profitable and, more importantly, kept the process intact.
FAQ
What is this options trading review about?
It is a simple trading journal note about two intraday options trades: one short CE trade that failed and one short PE trade that worked.
Why did the first trade fail?
The first trade had time to work, but price pushed back against the idea. The trade closed inside the planned risk instead of becoming a bigger mistake.
Why was the second trade taken after a loss?
The second trade had its own valid setup. It was not taken only to recover the first loss.
What should retail traders learn from this day?
One loss should not control the next decision. Each trade needs its own reason, defined risk and clean review.
Does this article give trading signals?
No. MyTradingDesk is a trading journal and systems project, not a signal service or prediction site.