March is over. Time for a report on the option trading. Still sweating out an over sized postion that goes against me. Advertisements
Every month I publish my option trading results and thoughts. This obliges me to reflect on the past month, my strategy and my risk tolerance. I hope it also allows others to learn from what I do and from the good and bad ideas that I have. And February has a lot of lessons.
The past 2 years of my active options writing have been very interesting and reasonably profitable. In many monthly posts, I have asked myself the question how long it would last and what would happen when there is a correction. This is no longer a hypothetical question…
Options always work for you. The goal is that they work hard and reach 0 by expiration. At least, that is what my strategy of option writing is about. January was a normal month. The last days were difficult and early February is bad…
With 2017 behind us, it is time to look back and review what trading option thought me. I now trade options for 2,5 years and really geared up early 2017. Let’s start!
From an investing point, November was as it should be: boring ETFs and fun with options. That part of the system works well!
As my regular investing in ETFs is boring as hell, I have introduced play money to add sparks to my portfolio. It has gotten a little out of hand and developed into a serious income stream.
At the start of September, I was septic… There were many elephants (really bad trades) in my portfolio and I had quite some loosing positions. Here is how it went from there.
With August behind us, I can write up a new post on my option trading income. And what a month it was: A new record combined with a few bad market events that created the elephants in the room. Can you help me with my elephants?
When all the systems and mechanics run like a well oiled machine, you need to be vigilant. That is the time that greed can come and say hello. I do have the feeling this is happening with me right now.