September was fairly the curler coaster journey for choices earnings.
One week I used to be up $15,000 and a few weeks later I used to be in unfavorable territory.It’s wonderful how briskly choices can sway into revenue or loss. 😅
I’ve been experimenting with some new methods just lately so any non permanent loss shall be a lesson for me, lol.
Right here is mainly a graph representing the amassed revenue/loss from my choice trades all through the month. As you may see it’s fairly uneven. 🙂
What caught me off guard in September was the vicious decline in shares. It was the largest month-to-month fall within the inventory market since March of 2020, which was greater than 2 years in the past.
I needed to roll a variety of weekly trades to not lose cash. Nevertheless, in hindsight I might have been higher off simply taking the losses.
Going ahead as a substitute of making an attempt to be bearish or bullish, I shall be extra impartial with my trades. Choosing a route, particularly brief time period may be actually troublesome.
General I’m glad September ended with a web credit score with my trades. I did pay over $1,000 in buying and selling commissions which isn’t very best. However thus far it seems to be like IBKR remains to be probably the most value efficient method to commerce choices.
I’m nonetheless looking for a method that may be profitable it doesn’t matter what form of market we’re in.
One thing that’s been serving to me is keeping track of a number of indexes to gauge the place the market is likely to be shifting. I have a look at…
QQQ – Tech heavy
SPY – Giant cap
IWM – Small/mid caps
Through the use of all 3 I’ve a greater understanding of total market sentiment and might make higher choices about whether or not to purchase or promote an choice. For instance, if only one or 2 indexes are exhibiting indicators of weak spot, then I’ve much less conviction a few bearish commerce. And if all 3 indexes are exhibiting relative power on the identical day then I’ll be extra prepared to make a bullish commerce. 🙂
My focus now in October is making an attempt extra brief time period methods like 0 day to expiration vertical spreads. This mainly removes in a single day threat so I don’t have to fret concerning the subsequent day. I look ahead to see how a majority of these trades play out.
______________________________________Random Ineffective Reality:
Cooking typically requires improvisation.
