This is one of those weeks that teaches harsh lessons. It's probably the worst week I've had in a while and it will most likely bleed into next week. But this is how lessons are taught. I go over the mistakes I made this week and how I intend to trade better going forward. I hope you can learn from my mistakes as well as that is one reason why I do this. I hope it helps folks out there become better traders
Overall a pretty calm week for my trades but I did discover an error I made when entering an adjustment that ended up costing me money and making the trade more difficult. While that sucks, the purpose of this series is learning so you get to learn along with me, mistakes and all.
Patience finally paid off this week as the grind up finally pulled back. This allowed me to get out of trade for a tiny win that would have been a significant loss and it caused another trade to close for a nice win in 2 days! Lots of good lessons this week so take a look and let me know what you think.
As a non-directional trader, weeks like this can be a challenge as the market was quite directional. But even while one of my trades needed a bunch of work, another worked exited for a quick profit. It's a nice contrast which shows that even in adverse conditions, it's possible to get some quick profits.
So this was a volatile week in the market for various reasons and specifically for SPX due to some big earnings as well as a Fed meeting so I practiced risk management by keeping my exposure small. I think this worked out well and I discuss ways I did this from the positions I put on to the adjustment I made. I think risk management is very important for consistent results. Hopefully you will pick up some ideas in this video. As usual, I'd love to get feedback on what you think about what I'm doing and what you are doing.
Some interesting trades this week along with some great lessons, all around risk management. The first is that sometimes it's best to take a small loss before it gets big. Another is that it's ok to take a slightly smaller profit early rather than keeping risk on overnight or over a weekend. As the great financial mind Steve Miller once said "Take the money and run". Anyway, I hope you find these lessons helpful in your trading.
Catching up as the new year rolls along. This was a mostly uneventful week in the market which is good for my style of trading. This week I start to dig out the mess of last week. But even in calm weeks there are good things to learn so come along and see how my trades went.
As we cross into the new year, I had some success but had to close out a bad loss from an old trade from last year. I talk about how I decided to exit it and how I will need to do a full postmortem on it. Losses are a part of the game and I expect to take some, but I could have managed this trade better.
While there was much that wasn't good in 2020, from a trading perspective, I think I did okay. I did make money and hit my monthly goal a few times. I'm still learning and have a way to go, but it's been a good year for learning and I hope you learned along with me. I have 2 trades going into the new year so take a look at how I did.
And thanks to all my subscribers. Getting 100 subs in BitChute is awsome!
So this week was all about calendars even on my butterfly trade. We had a crazy start to the week with a giant whipsaw but I think it came out ok in the end. December is shaping up to be a good month as we move on from 2020. Let me know how your trading has been this year.
A shorter video this week. Only 2 trades as I’m trading a bit lighter this week due to various events. Still some good stuff as the market was a bit scatterbrained. Hope you enjoy it. As always, let me know what your thinking about options trading!
This week was all about execution. There were several elements of my trading plan that were tested and I think I did it well this week and the numbers show it. In showing the trades I point out where the tough decisions were and how I stuck to my plan to make the trades successful. Take a look and let me know what you think.
This was a very fun week of trading. I closed out the trades from last week for nice profits and I brought back two trades I haven't done in a while, one short term and one long term. A good opportunity to review these trades as the market slows down a bit. Let me know what you think of the trades or what you are trading.
So I'm back in full swing with my narrow calendars as the market is acting normally again. I even went a bit wider with my longs this week as volatility has been low by 2020 standards. Some good trades this week. Come watch and learn with me and let me know what you think.
This is a learning week. I do a postmortem on how I managed a trade I tried for the first time last week. It didn't go well but I think there's a lot of good lessons here. I also had 2 other trades on that are going well. These videos are for learning so come along and learn with me.
After 2 weeks in cash, I'm back trading and this week I'm trying something new that I think will work when things are moving around hard like they did around the election. Not sure how well it will work now, but we'll have to see. I think it's important to figure out things to trade when my normal trades would struggle so I put on a small one to try out here. I also got back in with a small normal narrow calendar. It's good to be back trading again! How did you do?
So this week I finish off the two remaining trades from last week and close out to cash until the election. I think there’s just too much uncertainty for my shorter term stuff and it should be only a week or so before we figure things out enough to trade again. But there are some great lessons here about adjusting and the difference that time makes in a trade so I think this episode if very educational and worth your time.
What is your trading plan through the election? Leave a comment below. I'd love to hear it.
A quick video looking at my last 2 trades before the election. They are both still open so there will be an episode next week, but I talk about my plan around the US election and the trades I have on now and what I plan to do over the next couple of weeks. Take a look and I'd love to hear what you are thinking about trading over this time
So I start a new month and the market is climbing back up. Only 2 trades this week, one that turned out great and a new one that will run into next week. This market has been a great learning experience as things are all over the place. So come along and learn with me. And feel free to comment and ask questions. I really like to talk to folks about this stuff!
So there was a mixed result in the risk I had on last week. One trade did very well, and one not. I do a full review of the trades, the month as well as make an adjustment for my the kind of trades I will put on for the near term as I see volatility on the rise. Let me know what you think about the last quarter of the year and how it will affect your trading!
This week was a set of crazy moves and I made some moves I probably shouldn't have done. Much of this episode is looking at those moves, what I did, and what I think I should have done. But that's how learning happens. So learn along with me and check it out. I'd love to hear what you think as well
Things went pretty well in an interesting week with the Fed announcement. The most interesting part was the way one of the trades closed. It literally took a day from start to finish. Unusual for me at least. Anyway, hope you find this episode interesting as we begin trading into the fall and election season.
A relative short review this week as I did one trade, but what's important here is the reasons why I put on what I did. When the market goes crazy like it did last week, it's important to figure out when to get back in and then how to start trading again. That is the focus of this quick review. I hope you find it helpful.
So the dull days of summer came to a quick end this week. Thursday and Friday saw some big drops and one of my trades was hit by it. But when the smoke cleared I think I managed it well with minimal damage done. In fact, I had a bigger loss before the drop. I had a win too so it wasn't all bad this week. But this week shows how I execute my trading plan which covers even the unexpected. I'd love to hear what you all think of it.
This week I wrap up a very good August for my trading as I blow out my goal for the month. I put on 2 trades that in the midst of a one-way market but I think I handled them well. My trading style prefers things to move back and forth but a trader must be able to trade in different market conditions. I think this episode shows that. Enjoy!
Created 2 years, 4 months ago.
Category Business & 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.