This week was not great. Both trades lost but that's not why it was bad. Losses happen. It's that I should have followed my own rules more closely and I could have minimized the losses and done better for the month. I broke my cardinal rule of trading: Pets vs Cattle and I paid the price. It wasn't catastrophic, but it's more what could have been. So come learn with me. And, as always, I appreciate feedback and comments!
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!
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
It's time for a brand new stock and options trading webinar, hosted by Phil Davis of PhilStockWorld.com.
We're still discussing the Corona Virus (COVID-19), the effect on the global economy, what's going on with Oil, OPEC and Russia, Airlines and Cruise Industries and we'll talk some investing strategies for such a volatile, unstable market.
You can always find more information over at http://www.PhilStockWorld.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
The first episode of the new year and it brings some world events that are having an effect on the market. This caused me to take a bit of risk which worked out. I talk a bit about my thinking around taking the risks and how I was accountable for it. That is a good lesson in trading.
If you like this kind of stuff, likes, shares, subscribes, are appreciated but feedback and conversation are the best!
As we wrap up 2019, I show my last trades of the year and do a month-end summary. Volatility remained low so it's all calendars, all the time. I talk about how when the market is cooperating, that is the time to do more.
Thanks for everyone who has watched this year. I hope to do more of these in 2020!
As the market continues to melt up, the lesson this week is about patience and how this skill can make us better traders. Still doing calendars as volatility is still quite low. But 2 trades came off for nice profits.
Like this kind of stuff, check out https://midwaytrades.com
This week was interesting in part because my trades behaved almost identically to last week. I got a calendar off for a good profit, I put on a new one, and I put on a butterfly that didn’t last the week and closed for the exact same amount. Sometimes history does repeat itself.
Who is back is our old friend Volatility. After about a 6 week absence, the market has started moving a bit. Fortunately, I've been waiting for it and in this episode you'll see how that helped pay off quickly. I also put on some new trades, one of which doesn't work out but I get out at near break even.
In this week of Thanksgiving in the US, I am thankful for calendar spreads as they helped me go undefeated in November!
So this week continues the nice range-bound market so I am able to close a trade for a profit and I double down by opening 2 different trades this week.
Also check out my blog at https://midwaytrades.com. I have a new post up this week!
In this episode I show how I handled trading as we headed up to a new all-time high. 3 trades, all 3 profitable (one in 1 day), one experiment that didn't work out but still made a little money.
If you like this kind of content, the usual like, shares, and subscribes are appreciated. But I really like feedback so if you have questions or want to talk options, feel free to reach out!
In a break from the weekly trade reviews, I did this video as a companion to a blog post I did about trading on the road. It shows how I use the cloud to help me trade when I'm away from home, even on an airplane. The blog has other good tips as well so please check it out if you get a chance.
As usual, feel free to leave feedback here or leave me email at [email protected]
So there was a Fed announcement this week that didn't actually do much see what I worked through it as well as a jobs report later in the week.
Please like, share, subscribe but, most importantly, leave feedback. I like talking options so ask questions, share ideas, etc.
So Tuesday and Friday moved in interesting ways this week. See how I handled 2 different trades on those days (including closing one for a profit).
If you would like to see a part-time trader review his trades for the past week, this is the series for you. Learn along with me. I appreciate the likes, shares, and subscribes but, most of all, I like feedback. Love to talk about trading.
This week was a good one for my style of trading. Put on a couple of trades, took a couple off for a profit. I'll take more like these, please. :) But it's still good to see how the week went so please take a look. And getting a nice profit in 2 days never hurts!
If you like content like this, the usual likes, shares, subscribes as appreciated, but please consider asking questions or talking about trading.
Not much to report this week, thus the theme is "There's Always Next Week". However, there is a good lesson in when to not adjust and just get out. Take a peek.
Please leave comments, feedback, etc. I love to talk options trading!
The theme this week is "It Was Great Until...". The week started out well but got really choppy. See how my trades did. In short, it was a mixed bag.
If you like this kind of content please like, share, subscribe but, more importantly, leave comments, feedback, questions.
The theme this week is "Peace in Our Times". Watch to understand why. :) Anyway, see how my trades handled this week. 2 trades did come off for profit. And I did a monthly wrap-up of September.
If you like this kind of content, the usual like, share, subscribe would be great. But I really like feedback: questions, comments, and discussions on trading so feel free to reach out and comment!
With the Fed announcement happening this week, the theme is "Si vis pacem, para bellum" or "If you want peace, prepare for war". In this episode, I add protection to one of my trades going into the Fed announcement on Weds. I talk about why I did it on this particular trade. I also review my other trades for the week.
If you like this kind of stuff, feel free to like, share, subscribe, etc. But, more importantly, leave feedback. I love talking about options trading
The theme this week is "Always Have a Close Order". I had a trade close unexpectedly (in a good way) only because I had an order sitting there. I also put on a couple of SPX trades now that the market seems to have calmed down.
If you like this kind of content, please like, share, subscribe but, most importantly, reach out with questions, comments, etc. I love to talk about trading options and would love to hear from you!
"Not All That Shimmers is Gold". I had a couple of GLD trades that didn't work out but an AAPL trade that did. And I try a new small spec trade that I picked up at an options conference this past week.
The theme this week is "Blunders Happen". Still trading small through this crazy market and mostly doing well, but made an error entering one trade this week and didn't realize it until the following week. Not a crucial error, but I do show it. I finally get out of the VIX vertical. Also as this the end of a crazy August, I do a quick overview of the month as well.
No slides this week but I do talk about 2 trades. The continuation of my VIX vertical trade and a new SPX butterfly. The market was pretty quiet until Friday. See what happens.
If you like this kind of stuff, please like, share, subscribe, etc. But, most importantly, leave feedback.
As the main equity markets are still whipsawing like mad, I stick to my spec trades in VIX and GLD this week. One came off for a nice profit. The other is still working.
So VIX is too high to do my normal trades this week. So what's a trader to do? Stay in cash? Sure, but what fun is that? How about practicing some speculation plays! That sounds like more fun.
So in this episode I give my views on spec plays and talk about when, how, and why I do them. If you're tired of my non-directional income trades, this is the episode for you as I go totally directional.
If you like this content, feel free to like, share, subscribe, etc. But, more importantly, comment, reach out and let's discuss options trading!
You can find all of my stuff here as well as https://midwaytrades.com
This video is "A Tale of 2 Calendars". One calendar that went bad and one that went very well. It's a good opportunity to talk about how I handled each one differently and how that affected each trade.
If you like this type of content feel free to like, share, subscribe, etc. but more importantly, leave some feedback. Questions, comments, other ideas, whatever.
Theme this week: "What is it with Wednesday?" RUT hit me again on a Weds. But my other trades did ok. See how I got out of that long-term fly that's way out of the tent. Also see how I wrestle with a calendar that I probably should have taken off last week. But it's not all bad, I swear! :)
This week is about whipsaws. See how a market moving around a lot can make us traders make some decisions on what to do.
If you ever wanted to watch someone review their options trades, take a look at this series of videos. Hopefully we can learn together.
If you like this content, feel free to like, share, subscribe, etc. But, more importantly, reach out with questions or comments as this is why I do these videos.
WE ARE ANONYMOUS
We Are Legion.
We Are One Family.
We Are One Made Millions,
We Are The 99%.
We Are An Army Of Ideas.
We Are The Voice Of The Voiceless.
We Can Not Be Stopped.
We Do Not Forgive.
We Do Not Forget.
United As One.
Divided By Zero.
"One Direction. Up" is the theme this week. The week started out normal but by Weds, it was up, up and away. That messed up the newer trades I put on this week, but I got out for small losses. I also explain the longer term flat Butterfly and how I intend to exit that one in the next two weeks.
Ever wanted to look over the shoulder of a part-time options trader doing a review of his weekly trades? Well, take a look. And please feel free to comment and ask questions. I like talking about options trading.
Also check out my site https://midwaytrades.com where you can download all of my videos as well as see my blogs.
The theme this week is "Love My Calendars!". I put on 2 calendars this week that came off profitably by Friday. On the butterfly side, Monday blew out all 3 SPX BFs I had on Monday. I closed two of them and did an alternative adjustment for a third.
Want to see more? Check out my weekly trade review of live trades with real money.
LIke, share, subscribe but, most importantly, leave feedback and questions. Reach out on Gab (@MidwayGab) or now on my website https://midwaytrades.com. All videos and slides are archived there for free downloads.
So the theme for this week is "On the Road Again". I spent the latter part of the week on quick trip to London but kept my trading going. Take a look at how I did. If you're interested in how I trade on the road (remotely, on planes, etc.), let me know here or over on Gab.
If you like this kind of stuff, feel free to like, share, subscribe. But, more importantly, ask questions and start up conversations! That's why I do this stuff.
The theme of this episode is "Small Profit!". The week wasn't too bad with 2 big up days and 3 flat days. Some short term trades are back and working. Take an opportunity to look over the shoulder of an options trader while I do my weekly review of my trades.
If you like this content, please like, share subscribe, etc. but most importantly, ask questions and start conversations.
The theme this week is "Return to Normalcy?". The market calmed down quite a bit this week. Some folks may find this video less interesting, but I like boring weeks where I can collect Theta. If you've been watching this series during the crazy market moves, tune into this one to see what a good week looks like!
Feel free to like, share, subscribe but, most importantly, ask questions or start a discussion!
The theme this week is "Surviving the Grind Up". I'm still in longer-term butterflies and dealing with a week that started with a sharp move down and then a set of up moves. I have some new adjustments that I haven't shown on this channel before so take a look if you're interested in Options Trading.
Feel free to like, share, subscribe, etc. but, most importantly, let's talk about options. Reach out here or on Gab @MidwayGab
This week's theme is "The Aftermath". As short term trades have been kicking my posterior recently I talk about a new technical that I plan to try as a guideline to help determine when to put them on. I also show how I got out of the short-term trades and continued in my longer term butterflies while the market rocked around.
If you like this stuff, feel free to like, share, and subscribe but, more importantly, let's talk about trading. Start a thread here on the channel or over in Gab. I'd love to hear from you.
In this video I show how I tried to handle a bad down day with long puts. Some I handled better than others, but there is a good discussion on what to do when the market gaps down at the open and you can't get fills on spreads. Hopefully this will help some folks out there.
If you like this content, please like, share, subscribe. But, more importantly, start some conversations. Either comment down below or reach out to me on Gab @MidwayGab.
This is the start of a new series where I record my trade review for the week. I talk about what I did this week, how I entered the week, how I ended the week. As it's the first episode I go over my trading plan and overall goals as well. This was an interesting week because we are coming down off some high volatility and so I'm putting my toe back in the water.
Please let me know what you think of this idea for a series. I'd love to have discussions around options trading
This video is a companion to the TR video "When Volatility Hurts". The idea is to show how Vega can work in favor of a trade when the trade is positioned favorably for a spike in volatility. We had a spike in volatility earlier this week and this video shows how it helped a calendar trade as the underlying continued to go down.
Please like, share, subscribe, etc. but, more importantly, start a conversation. You can do that here on BitChute or over on Gab and I'll be glad to answer any questions or give my perspective on your feedback.
In this final episode of the series, I take everything in the series and bring it all together into a trading plan. I talk about what makes a good trading plan, and give an example of a trading plan I'm using right now. I talk about what it takes to be a consistent trader and how important it is to bounce ideas off of people.
Finally, I introduce my idea for my next series! So please watch until the end and let me know what you think of this series as well as the new one!
Like, Share, Subscribe, all that good stuff, but most importantly, let's talk trading!
In this episode of Options Fundamentals I return to theory and talk about adjusting trades. It's a summary about what are adjustments, why one would adjust, when one would adjust, and a bit on how. I talk a bit about my theory of adjustments and what I've done over the past few months to change my thinking about adjusting trades which had made me more consistent.
If you like this content, feel free to like, share, subscribe, etc. but, most importantly, let's start some conversations around trading.
Just like diagonals..only double! In this episode I discuss double diagonals: what are they, how they work, how they make money, when to trade them. This will be the last spread I plan to cover in this series. I do have a few more episodes to do before I wrap the series.
Like, share, subscribe, etc. if you want but, most importantly, let's talk options. You can do that here or on Gab @MIdwayGab.
In this video, I continue talking about time spreads by introducing the quirky cousin of the calendar: the diagonal. Diagonals are a very flexible trade and I show different ways to set them up with all sorts of greeks as well as I show a covered call alternative using a diagonal.
If you like this content, feel free to like, share, subscibe, etc., but most of all please ask questions and talk about trading. You can find me here or on Gab @MidwayGab
So in this episode I move on from vertical spreads and into time spreads. The first time spread covered here is the calendar spread. I discuss how they work, how they make money, how they are different from verticals, and how to use double calendars as an adjustment to a single using a real world example from a live trade.
Please start up discussions here on the channel or on Gab in the Finance group or to me directly @MidwayGab.
Like, Share, Subscribe if you like what you see here.
In this episode, I round out the vertical spreads with ratio spreads, specifically back spreads. I show how to set them up and how I would use them.
Keep the conversations going! Like, Share, Subscribe, etc., but more importantly comment here or on Gab in the Finance group or directly @MidwayGab
Is there such a thing as a good loss? I think so and I talk about it in this video using a real-world example of a trade I did recently. One of the toughest parts of this business is taking losses. Losses happen...to everyone. Knowing how and when to take them is important to staying profitable.
If you like this video, consider pressing like, sharing, and subscribing. But more importantly, let's start talking about trading. You can do that here in the comments or over in the Gab Finance group or to me directly @MidwayGab.
This episode goes to 11 as I continue talking about vertical spreads, specifically Iron Condors. I talk about what the are, the conditions where they commonly traded, and how to set them up for a high probability trade.
If you like this kind of content, please share, like, subscribe, etc. But, most importantly, ask questions and start discussions about options trading either here on Bitchute or in the Finance group on Gab.
This episode builds on the ep 9 which covered spreads and introduced vertical spreads. I talk about how to build butterflies from vertical spreads. I talk about different ways to play butterflies (balanced, unbalanced, standard, iron, directional, non-directional) and the pluses and minuses of using butterflies.
Please feel free to like, subscribe, etc. But more importantly, reach out here or on Gab with questions and comments. The goal of this channel is to build an online community of options enthusiasts through education. Thanks for watching!
In this episode, I introduce the concept of trading options spreads. I talk about why people like to trade spreads and introduce the vertical spread trade and different ways to set it up.
Please like and subscribe if you like the content but, more importantly, let's get some conversations going about options trading! Comment here or reach out on Gab to the handle @MidwayGab
In this episode of Options Fundamentals I wrap up Demystifying the Greeks with a brief discussion of Rho and then talk about why I think the Greeks are important for successful trading. I talk about what a good trading plan looks like and why it's important for consistency in your trades.
Please consider liking, subscribing and, most importantly, talk about trading. You can do it here on BitChute or over on Gab @MidwayGab!
By request: A return to the Trade Review series! In this video I walk through a recent trade. I discuss the trade plan including the adjustment plan, then I walk through the trade and show how I executed the plan. This was a live trade with real money with real market conditions.
I hope this will help foster discussions about Options Trading. Feel free to subscribe here, comment here, or reach out to be on Gab (@MidwayGab)
In this episode, I continue to demystify the Greeks by talking about Vega which helps quantify the volatility risk of an options position. Like the other Greeks episodes, I explain what Vega is, how it works, and why traders should care and how to use it in trading.
Please like, subscribe, and comment either here on or Gab. I love talking options and am open to feedback (good or bad) on how I'm doing explaining this world.
In this episode, I continue introducing the Greeks of options trading with Theta which measures the effect of time decay. I describe how theta works with examples then show how traders can set up trades to take advantage of theta decay.
Subscribe if you like. If you have any questions, please reach out to me.
In this episode I continue to demystify the greeks by discussing Gamma. I discuss what Gamma represents as well as why it matters to traders.
Please subscribe if you like the content. If you have any questions or comments, please leave them here or reach out to me directly.
This is the start of a mini-series in the Options Fundamentals show called "Demystifying the Greeks". In this episode I discuss the Greeks in general and then talk about a very important Greek for options traders: Delta. I discuss what Delta is and how traders use Delta to help manage their price risk.
If you have any questions, please reach out to me either here on BitChute or on Gab @MidwayGab. And feel free to subscribe!
This video is a quick study on 2 directional plays in VIX I did over the holidays. The idea is to compare and contrast how each trade worked and learn how these types of trades work.
Please comment here or in the Finance group on Gab. I really like to talk about options trading so let's get a conversation going.
This is a trade I did when it looked like vols were coming down. I think it's important when discussing trading to review trades that don't work out to learn how to trade better. Please feel free to start a discussion on this or other trades here. I like discussing options trading and hope to build an online community that does as well.