It wasn’t a great month for choices buying and selling. 😅 I’m principally flat for all the month.
I used to be doing okay for essentially the most half. However then I shorted a put unfold on Meta inventory earlier than earnings and sadly they disillusioned traders a lot the inventory fell 24% the subsequent day which actually harm my P&L. 🙁
The lesson right here is to maintain my strike costs additional out of the cash and decrease my place sizing so one commerce doesn’t jeopardize my total month’s price of premiums.
One other key lesson I’ve realized is to maintain my cease losses tighter. My general win fee is pretty excessive thanks to selecting low Delta trades. But when one dangerous commerce can wipe out 5 good ones then the general technique isn’t very sustainable. That’s why I have to get out earlier if I believe there’s potential for an excellent greater loss if I don’t shut my place.
As I discussed final month I needed to give attention to 0 days to expiration trades in October. This has labored out effectively to date. I’m planning to proceed buying and selling, possibly not every single day, however at the least attempt to reap the benefits of chart patterns that I acknowledge after I see them. 🙂
Just about all my choices expire weekly now so I don’t have a number of carry over. Going ahead in November my purpose is to get again to over $4,000 in internet premiums.
______________________________________Random Ineffective Reality:
Yawns are a technique to quiet down the mind.