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I will post my weekly trades here.
Should you have any questions about my trades, feel free to email me at firstname.lastname@example.org
Week of October 27, 2019
Pretty good week for sure. Increased overall account value by 20.07%. I rolled my TSLA position into a higher strike today – went from 200 strike up to 240 strike. IV Rank is at 0…yes, ZERO, for Tesla. That is super low, and I am pretty bearish on Tesla. So it made sense (to me) to stay with puts, but roll it up higher and hope they fall. My losses this week were from balancing my delta. Remember: I lean one way or the other – bullish or bearish – when it comes to SPY. But, I neutralize my delta a little bit as protection. If the day is going bullish, I sell my puts and then re-balance at the end of the day. I do the opposite if the day is going bearish – I sell my calls and then re-balance at the end of the day. By keeping my delta neutralized (balanced), I keep my risk low should the market just take off in one direction or the other.
Week of October 20, 2019
Not a bad week. Closed out some positions that hit the 21 DTE mark, and closed another one just to balance out my delta. Added cheap TSLA puts for a gamble play, as a 30% bump up in 2 days is excessive by any measure. If I win, I’ll win huge! If I lose, I’ll only lose pennies – the puts were just 49 cents. Good week tho… made some money, stayed balanced to end the week, and I’m looking forward to next week.
Week of October 13, 2019
Kind of a boring week for my account. Had a couple nice gains, but kept the rest open. I sold a put spread this morning when SPY was down about .6 percent – the expiration was today, so obviously I was able to keep the entire credit received.
If you notice, I lowered my delta some yesterday. I took advantage of the flat day to neutralize. I plan on selling some more put spreads on Monday… we shall see!
Week of October 6, 2019
Definitely a better week than last week. Friday was HUGE! Thursday wasn’t bad, but I knew (I thought) Friday was going to be better, so I kept most of my positions open. How did I know? Well, I don’t have a crystal ball, that’s for sure. BUT… I do have solid technical and fundamental skills. I have been following the trade war closely since it started in May of 2018. Based on “things” I’ve read lately, and maybe a little bit of gut instinct, I was sure that there would be some kind of progress made. And I was right. Am I always right? Absolutely NOT! Then factor in my technical analysis on SPY and AAPL (you can see them on Trading View), I felt pretty good going into Friday. Made some MASSIVE gains! It’s important to note that all of my positions this week were very high risk. Anytime you buy straight calls or puts you increase your risk substantially. But again, I was confident in my analysis of the underlyings.
Week of September 29, 2019
This week was not the greatest I’ve had. I still finished the month of September with a 64% win rate. However, that means I lost 36% of the time. Still, 64% is pretty darn good! Notice my losing trades? If proper risk management is applied, I will still be profitable. Sometimes a loss (percentage wise) seems really big, but if the dollar amount was within your “budget” (proper risk management, i.e. only risk 1 or 2% of your account balance), then your winning trades will keep you profitable. ALWAYS use risk management!