MidwayTrades

As an active trader, it feels weird to be in cash. But I happen to be in cash on Weds of last week and the market tanked so sometimes cash is a good position. Overall it was a profitable week with 2 trades closing at target (one trade made it in a day). I did have one decision to make at the end of the week on a trade as well.

Last week was a very profitable week but for reasons that aren't usual for my style of trading so I use this as an opportunity to discuss some of the basic ideas behind my trading style as they pertain to long and short options. I'd love to hear questions or other opinions on this from the viewers.

We had a crazy market drop on Thursday. I had 2 positions on with very different results. This is a great time to discuss what kind of trades are more resilient when this happens as well as how to manage open positions with a crazy down move. Sometimes there isn't much you can do, other times you can actually do better.

So in this episode I made an error in an adjustment that turned a winning trade into a loser. Not good, but a good learning opportunity. I had 2 other trades that worked out ok so it wasn't all bad. I'm back to all SPX trading again. On the road to normal, believe it or not.

In this episode I get back to my roots and trade SPX. My DAL trade exited nicely, and I did 2 SPX trades that both ended as winners in this short week. This week made my month. I also do a monthly review for May.

In the first episode of year 2 of the show, I have 2 different short term SPX trades, one that goes well and one that does not. The one that did go well is a modified setup of a calendar that I think works well in the current environment. I also check in on my DAL diagonal.

This marks the one year anniversary of the show and I wish I had a better week to show off, but I did get burned by SLV after many weeks of doing well with it. I work extra hard on an SPX fly and adjust my DAL diagonal. A rough week but a few good lessons so it's worth tuning in.

A special thanks to ever one as I celebrate 1 year of doing trade reviews online!

Volatility is finally dropping and I'm doing my best to cash in on it. Closed 3 winners this week for a nice profit and have a couple of trades still on to move into next week. Really enjoying being able to trade SPX again.

If you like this kind of stuff, please like, share, subscribe but most importantly, leave feedback. I love talking about options.
Also check out my site https://midwaytrades.com for more stuff as well.

In this week's episode I close out April with some small wins, including a quick butterfly in my long lost friend, SPX. Another Delta Airlines diagonal closes and SLV keeps plugging along. The market is slowly returning to sanity, though I wouldn't say we're out of the woods yet but it's nice to see VIX stay below 40 for an entire week. I do my monthly review for April as well.

If you enjoy this kind of content, likes, shares, subscribes are appreciated, but I like conversation the most so please leave feedback. I'd love questions, ideas, comments, etc.
Also check out my site https://midwaytrades.com

So oil really tanks and my USO trade tanks with it. But I did have some good learning with the SPY back ratios. I also have trades in SLV and DAL as well. Volatility is finally starting to drop so at some point, I may be able to return to my normal trades. But, for now, I'm still playing with small trades in this crazy market.

If you like this kind of stuff, likes, shares, and subscribes are appreciated. But I really do this for conversation so send any feedback here and feel free to check out https://midwaytrades.com for more options talk.

So since I didn't do much last week, I did some research and am trying 2 different ideas today. One is working well, the other didn't but I got out quickly. I also closed one of my diagonals for a profit. This week was about learning different trades to work in this unusual market. I think it's important for traders to be able to adjust to market conditions and be able to find good trades in any market environment. So learn along with me. I'd love to hear your ideas as well.

Not much in the way of trades this week but I do go over what I have on and discuss a mistake I made in research around an earnings date. I always say I share the good, bad, and the ugly here and this is no exception. It wasn't horrible, but it's a good reminder to double check sources.

If you like this kind of content, likes, shares, and subscribes are always appreciated. But I really like feedback and discussion.
Also, feel free to check out my site https://midwaytrades.com

Only a couple of trades this week but I did get out of a DAL trade for about 20% and put on another one. The oil trade whipsaws me a bit but it's still viable. Still just trying to wait out this crazy market as things (hopefully) settle down.

If you like this kind of stuff, likes, shares, subscribes are appreciated but I really enjoy talking about trading. Let me know what you're doing in this market. Let's talk trades!

In this episode, I continue doing long term diagonals, this time with Delta Airlines (DAL). I close out the VIX trade and continue with the USO diagonal. Not doing my usual stuff as volatility is still way too high, but having fun learning other things to do when my usual trades aren’t appropriate. Check it out, and let me know what you think. What are you doing?

Also check out my site https://midway.com

So as the markets stay crazy, I unveil a new idea I have to trade through this time. There are lots of things that are way oversold and there is little risk in doing longer term diagonals to make some money on any bounce. They probably won't be as fun as my usual trades, but my goal is to learn to trade something in any environment and this is a new one for me so it's a great learning experience. Hopefully you'll learn along too.

If you have any other ideas or want to talk about this one, leave some feedback!

As the market remains crazy I continue doing small speculation trades since trading the major indices is too crazy with the volatility we've had. In this episode you'll see some that worked well and one that I mismanaged for a loss. But this is the times when I practice this stuff so I just try to keep them small and see what I can do. I think there are good lessons here for traders so take a look.

If you like this kind of content, likes, shares, and subscribes are great, but I really appreciate conversations so feel free to reach out here or check out my website at https://midwaytrades.com

Since the general market is toxic, I spent this week looking for small speculation trades. I closed a couple quick in GLD and TLT and started a directional play in DDOG. These are small trades to try and make a little until the market settles down. I think this is a great learning opportunity, which is why I do this.

If you like this kind of content, the likes, shares, subscribes are great but what I really like is discussion so leave comments and check out the website https://midwaytrades.com

So, what do you do when the market opens up 100 points down on Monday? How do you save your trades from a total disaster? Take a look this week at how I managed to keep my account from getting blown up after a crazy down week. Week like this aren't normal but they can happen and limiting the damage is key.

If you like this stuff, also check out my website https://midwaytrades.com. Please like, share subscribe, but most importantly, leave feedback. Let's talk about trading!

This week was relatively calm but still very much butterfly season. In this episode, I demonstrate one of the challenges with the adjustment method I use for my butterflies. I do close one for a good profit, although doing so was a challenge due to market moves. We see the market start to drop at the end of the week.....

If you like this kind of content, likes, shares, and subscribes are appreciated, but I really like conversations so feedback is wonderful and welcome. Also feel free to check out my site https://midwaytrades.com

In this episode, I continue my usual butterfly trades but I also experiment with a back spread as a hedge that doesn't work out. But there are good lessons here and I think it's good to play with other types of trades on occasion.

If you like this kind of content, please like, share, and subscribe but also please give feedback. I like talking about options trading.
Also check out my site https://midwaytrades.com

This week it's all about Butterflies. We trended up quite a bit so I had to make some trade adjustments as well as reconsider how I handle early moves on butterflies.

If you like this content, also check out https://midwaytrades.com.

I really appreciate feedback so if you have questions, comments, or ideas, leave them here or reach out to me directly [email protected]

This was a wild week. The market was crazy due to the coronavirus in China and that contagion spread to my trading. I took one bad loss this week but was able to get something else on and learn from my error and protect it going into the weekend. This is a good lesson in how to (and how not to) manage a trade when things are moving around a lot. I talk about my hedging strategy and what I intend to do with this trade next week. I also do the monthly review for January.

If you like this kind of content, likes, shares, subscribes are appreciated. But, most importantly, let's talk. Ask questions, share ideas.
Also, check out https://midwaytrades.com

This is just the kind of week my style of trading likes. Things went really smoothly and I closed 3 trades out for a nice profit. Friday, however was a challenge and I talk about how I approached it .. the good and the bad...

If you like this kind of content, please subscribe and share the video. Also check out my website https://midwaytrades.com

A very interesting episode this week. For the first time in a long time I took a max loss and I bent an adjustment rule. Even with all of that the week went well considering the grind up in SPX.

If you like this kind of stuff, likes, shares, and subscribes are appreciated. But feedback and discussions are even better.
Check out my blog https://midwaytrades.com

This week volatility pops its head out then hides again as things continue to drive up. This made the week a bit more interesting to navigate. Take a look at how I managed the week.

If you like this kind of material, of course, like, share and subscribe. But, more importantly, reach out and let's talk about trading.

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Created 1 year, 8 months ago.

84 videos

CategoryBusiness & Finance

I am a part-time options trader. I'd like to share some of the trades I've been doing and hopefully encourage discussion and sharing of ideas. If you're interested in options, please take a look and leave some feedback about the kind of content you'd like. Beginner, Advanced, whatever.