This Week @MidwayTrades
This is a series where I record my weekly trade review. I walk through each trade and adjustment of the week and explain why I did it, where it worked, and where I screwed up. You see it all: the good, the bad, and the ugly. It’s an opportunity to watch me as I learn from my own live trading. As with my other series, always reach out with questions or comments.
Week Ending May 26, 2023: Risk vs Reward
We had a roller coaster ride in $SPX last week which made me do more work that I have had to do in a while. And I took a small loss for the first time since February. But I also booked some profits and was positive for the week. Lots of good lessons and discussions here on navigating crazy swings. Take a look and let me know what you think.
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Week Ending May 19, 2023: A New Range?
This episode marks the 4 year anniversary of my online trade reviews and to commemorate that...the market breaks the range and trends higher which made me have to adjust a trade I had put on right before the rise. But I also had 2 other trades that did very well. Good traders can trade in many environments and so I hope this episode shows how you can do that.
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Week Ending May 12, 2023: Around the Through the CPI
Last week I traded through and around the FOMC and so I continued that idea with the CPI this week and the result was my best week of the year so far. Lots of good ideas here about trading through events and managing portfolio risk with multiple trades. If you are interested in options trading and want to watch someone do it, take a look and feel free to ask questions or let me know what you're doing.
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Week Ending May 5, 2023: Around and Through the FOMC
There was plenty of things to move the market this week starting with the FOMC, followed by $APPL earnings and a positive jobs report. Take a look and see how I managed through it and stayed profitable by trading around and through the news. Lots of good lessons here. Take a look and let me know what you're doing.
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Week Ending April 28, 2023: The End of Another Great Month. A Challenge Ahead?
So I ended April very well, however we had a big move up towards the end of the week which posed a challenge to one of my trades. So I talk about how I handled that and the theory behind the adjustments. I also do a review of April and give a year to date update on my goals. Lots of good stuff in this one so take a look and tell me what you think!
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Week Ending April 21, 2023: A New Double Diagonal
This was an interesting week with a CPI print being the focal point, but before that happened I had an unusual close for one of my trades so there are things we can learn from that. Overall, I was pretty busy trading but the month is doing well. Take a look and let me know what you're doing or if you have questions about what I'm doing.
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Week Ending April 14, 2023: A Strange Close
This was an interesting week with a CPI print being the focal point, but before that happened I had an unusual close for one of my trades so there are things we can learn from that. Overall, I was pretty busy trading but the month is doing well. Take a look and let me know what you're doing or if you have questions about what I'm doing.
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Week Ending April 7, 2023: Short Week, Short Trade
This was week was short due to the market holiday on Friday, and the market was quite calm which really benefits my style of trading. I tried a new very short term trade which did well, and I managed 2 other larger trades. There is a good discussion about adjusting strategies as well so take a look and let me know what you think!
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Week Ending March 31, 2023: An Amazing Month and Quarter
So I wrap up March and Q1 by squeezing out more more win and blowing out my goal for the month. But the market started to go straight up late in the week which made my butterfly a bit challenging so there's some good lessons here. I also do a quick recap of March and Q1 and talk about what worked and the changes I made in March that helped it do well.
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Week Ending March 24, 2023: March Keeps Rolling Along
I had 3 trades this week, all of which went very well. This has been indicative of March as my trading has done quite well this month. I traded around the FOMC meeting and made some decent money. If you want to watch someone trade in these interesting times, take a look and let me know what you think.
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Week Ending March 17, 2023: A Happy Accident
In a week with a CPI print and bank worries, I ended up making some money this week to continue a very good March. I did, however, make an error with an adjustment but, in this review, I show how I dealt with it and made it work. I also entered a new smaller (hopefully) quick trade to try to squeeze out some profit before the FOMC next week.
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Week Ending March 10, 2023: Going All the Way
With the crazy market moves this week, I was very busy but, overall, I think I did well. I worked 4 different trades and most came off for good money. But one went all the way to expiration day which I almost never do. So I'll explain why I did it for this particular trade and why I think it can work better than some of my others. But if you want to see me work the JPow speeches and the bank messes, enjoy this one.
NB: The opening music is very soft for some reason, but the sound on the rest of it is good. Just FYI.
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Week Ending March 3, 2023: The Market Rallies
So we had a definite change of direction in the market starting on Thursday which made me have to work my trades a bit more than usual. But I did have one come off for a nice profit and I am trying the long double diagonal again. Lots of good lessons here. Take a look and let me know what you think.
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Week Ending February 24, 2023: Busy With Real Life
So on this short trading week due to the US holiday on Monday I didn’t trade a lot, frankly, because real life got in the way. That being said, I did manage to get a quick trade on and off for a good profit so it was a good way to end my trading month. I also do a review of February as a whole.
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Week Ending February 17, 2023: A New Trade
So with the CPI this week there was a lot of activity and I ended up doing quite a bit of trading including a new trade that did very well for a first attempt. So if you’d like to see something other than butterflies, this is the week for you. Also, I talk about management and adjustment theory so I think there’s lots of good stuff in this one. Check it out and tell me what you think
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Week Ending February 10, 2023: Sometimes I’m Wrong
So with every trade, there’s a chance for me to be wrong and that happened this week. But this shouldn’t be catastrophic as you keep yourself in a position to win. So this week I had to make some adjustments that in hindsight didn’t help, but still gave the trade a good chance to work. An interesting example that I hope helps out other traders
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Week Ending February 3, 2023: A Bit Overcautious
A short video this week as I largely sat out due to the big Fed announcement followed by a bunch of big tech earnings. One did move the market while the other did not so I could have gotten back in this week in retrospect but, as they say, hindsight is 20/20. I do talk about the one trade I did have on this week and why I took it off when I did so there’s still something good here to talk about with respect to risk management. Take a look and let me know what you’re doing!
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Week Ending January 27, 2023: Wrapping Up a Great Month
January was one of the best months I’ve done in quite a while. I credit myself for some of it, but I also credit that market for cooperating with my style of trading. So I finish up the month strong and try to get a jump on next month. I have a good discussion of why I’m treating a new trade differently based on market happenings. There are some good lessons here so take a look and let me know what you think.
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Week Ending January 20, 2023: Playing Defense
So as I’m already over my goal for the month, I still want to try to overachieve but I am also being a bit more defensive than usual to try and protect the profits I’ve made. I think it’s important to adapt my trading style not only to the market conditions but to where I am in my goals. So, this should be interesting to see how I changed what I usually do. Take a look and let me know what you think.
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Week of January 13, 2023: A Quiet CPI Week
Usually when we have JPow speaking and CPI print, things go crazy…but not this week. But I did put on a new trade…a calendar which I haven’t been able to do in a while due to higher volatility. So while it was a short week trading-wise there are still good things to talk about and learn so take a look and tell me what you think.
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Week of January 3, 2023: A Great Start to the New Year
So as the new year started, I had one of the best weeks I’ve had in a good while. But what’s more interesting is the big lesson about closing orders. One of the reasons I had such a good week is I followed by rule and always had a closing order into the broker. So, take a look and see why this works.