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 November 8, 2019: The Challenges of a Market Top
As the market hit all-time highs this week, see how I try to prepare and trade through it. 3 trades this week, all come off or some profit, one got 7% in 1 day!
Week Ending November 1, 2019: Trading Through The Fed
So there was a Fed announcement this week but it was a jobs report that really moved things. See how I trade through these events.
Week Ending October 25, 2019: Taking Precautions
With SPX flirting with all-time highs, some precautions are sometimes necessary. See how I handle 2 different trades this past week.
Week Ending October 18, 2019: There Are Good Weeks … I Swear!
A bit tongue in cheek here as this week was a good week for my style of trading. See how I closed out a long-running trade and made a quick profit in 2 days.
Week Ending October 11, 2019: There’s Always Next Week
In this episode things were pretty calm until Friday. But it leads into a good discussion of when to adjust and when not to adjust.
Week Ending October 4, 2019: Things Were Great Until…
In this episode things were moving along great…until they didn’t. Started the week with 5 trades on, ended with 1. See how each went in this crazy episode.
Week Ending September 27, 2019: Peace in Our Times
In this episode I walk through a week that seemed calm but actually didn’t end that way. See how my trades worked out. Also, I do a wrap-up for September.
Week Ending September 20, 2019: Si vis pacem, para bellum
Going old school Latin this week with “If you want peace, prepare for war”. In this case, I’m preparing for the Fed announcement. I show 2 trades and what I did or didn’t do for each through the announcement on Weds.
Week Ending September 13, 2019: Always Have a Close Order
In this episode I demonstrate why having a closing order in all the time is a good idea. I had a trade close unexpectedly for a nice profit. Also, as the markets have calmed down I put on 2 SPX income trades as I try to return to normal trading.
Week Ending September 6, 2019: Not All That Shimmers Is Gold
This week I had a couple of GLD trades that didn’t work out, but an AAPL trade that did work out. I was also attended an options conference this week and tried a small spec trade in GE that was an idea from one of the speakers.
Week Ending August 30, 2019: Blunders Happen
Nothing too crazy this week. The VIX vertical is finally closed. I close out the SPX butterfly and open 2 new positions, one of which I entered in error, hence the blunder. I didn’t realize it until the following week so you’ll have to wait until then to see it resolved. I also do a summary of August.
Week Ending August 23, 2019: Trying to Get Back In
No slides this week as I’m on the road and forgot to bring the template. Anyway, volatility dropped so I try to put on an SPX butterfly only to see a big drop on Friday. Oh well, I handled it (even though I was on the road) and describe my plan for it next week. And my VIX spec play keeps on going.
Week Ending August 16, 2019: Riding the Gold Wave
This week, volatility hasn’t quite come down enough yet to start income trading in SPX so I’m sticking with my speculation trades in VIX and GLD. GLD came off for a nice profit. The VIX trades is still ongoing.
Week Ending August 9, 2019: Waiting the Storm Out
This week, volatility is too high for my usual income trades so instead of just sitting in cash, I try a couple of small speculation trades while I wait. I talk about what spec trades mean to me and how I choose to do them. It’s been a while since I’ve done any so there’s lessons to learn here. If you’re into something different than my usual income trades, this is the episode for you!
Week Ending August 2, 2019: A Tale of 2 Calendars
This week I look at 2 calendars: one that did very well and one that did not. I look at what happened and, more importantly, why I believe they turned out the way each did. One I followed my rules, the other I did not. I think there are some good lessons in this episode for me and, hopefully, for you as well.
Week Ending July 26, 2019: What is it with Wednesday?
In this episode I get hit again on Weds on my short-term RUT calendar. I finally get out of my long-term butterfly, and I show 2 SPX calendars since VIX is still very low.
Week Ending July 19, 2019: Whipsaws
In this episode I show what a whipsaw is and how one may deal with them. I took a small risk and adjusted a calendar in the first week due to a whipsaw. See how it turned out. Plus the long-term SPX butterfly continues to churn on.
Week Ending July 12, 2019: One Direction. Up.
So this week started off normal but by Weds it was pretty much straight up (at least in SPX) and so it hurt the new trades I put on. But the losses were small and I explain why I took them off when I did. I also continue to work on my longer-term flat butterfly and explain my idea behind sticking with that trade.
Week Ending July 5, 2019: Love My Calendars!
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.
Week Ending June 28, 2019: On The Road Again
I was in London for much of the week but kept on trading, and the market cooperated pretty well with my best week since I started this series.
Week Ending June 21, 2019: Small Profit!
So after a few frustrating weeks, the market continued to act normally and I get a small profit from a short-term trade.
Week Ending June 14, 2019: Return to Normalcy?
A first for this series. I made no adjustments. The market began to act normally and so my trades were able to let Theta work and get back into better shape. Maybe not the most exciting review, but a good week in my book.
Week Ending June 7, 2019: Surviving the Grind Up
This was a challenging week for non-directional trading. I stuck with longer-term trades but had to keep them afloat as the market grinds in one direction.
Week Ending May 31, 2019: The Aftermath
So the short-term trades have been kicking my posterior, I introduce a new guideline for short-term trading for SPX and RUT in an attempt to stay out of the choppier waters. So while I got out of the short-term trades I was in, I kept in the longer-term ones.
Week Ending May 24, 2019: Using Puts to Hang On
In this episode I have to deal with a big one-day drop and I show how I use long puts to help stabilize my positions as the market goes down hard.
Week Ending May 17, 2019: Putting a Toe Back in the Water
In this inaugural episode I go over my trading plan and show how I start to get back into the market after the crazy volatility which had kept me out for a bit.