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Saturday, November 28, 2015

Weekend Portfolio Analysis (November 28, 2015)

I had the enormous pleasure of not opening my trading platform at all during the entire week. Once or twice a day I would visit finviz.com/futures.ashx directly from my phone to see how the markets were moving and that would be enough. The markets barely moved at all so I spent the week focused on my Software Engineering gig, which was insane with a code release due this weekend. Yes, despite the immense and unstoppable cash flow generated by this site; despite the hefty fees you pay in order to have access to these articles; despite my efforts replying to emails and providing high quality sexual counseling to traders and investors; it is the IT job the one that pays the bills for your pal LT. So, I have to really optimize my time. Sometimes I wish the days had 28 or 30 hours instead of 24. Not opening my trading platform this week saved me a lot of time, and I don't remember the last time I spent so many days in a row without doing it.

Tuesday, November 24, 2015

Options Trading - Monthly Digest (November 2015)

Well, the time has come once again to go over my Options Trading performance for the cycle that just concluded: the November 2015 monthly options expiration cycle.

The goal of these articles is to recap and determine what went wrong, what went well, mistakes that were made, things that could have been done better. These articles are intended to make us better traders with constant feedback from our own recent actions and the community of like-minded readers that contribute to this site.

Sunday, November 22, 2015

Weekend Portfolio Analysis (November 22, 2015)

As it turns out, "the prospects of a rate increase" is now "good" for the markets as it signals "confidence" from the Federal Reserve. It's funny how the same "prospect of a rate hike" has been being used for more than a year as the excuse for markets weakness as investors have "grown concerned" over a rate hike possibility. See the irony? The same rate increase has been used to support a negative case and its exact opposite. Clearly, this cannot be.

Friday, November 20, 2015

January 2016 SPX Unbalanced Iron Condor

After purchasing long-term anti-crash protection yesterday, today I initiated the first position of the January 2016 expiration cycle:


Thursday, November 19, 2015

Long March 2016 SPY Puts

Today I initiated the first position of 2016:

Buy 6 SPY 161 March Put @0.80
Debit: $480

Wait a minute? Isn't this a site about option premium selling? What the hell is this long Put so far out? This LT guy just wants to throw money in the air. He's burning his dead presidents just like that.

Monday, November 16, 2015

Democracy

"I will tell you what democracy is: democracy is the worst. Endless talking and the listening to every stupid opinion and everybody’s vote counts, no matter how crippled, or black or female they are."

- Admiral General Aladeen (The Dictator, 2012)

Saturday, November 14, 2015

Weekend Portfolio Analysis (November 14, 2015)

From the beginning of the year, until the end of the July options expiration cycle I played only 8 positions....and it was wonderful. Having so little capital committed, such low risks, so much simplicity when you are only paying attention to that one thing. In the first seven months of the year I only played one position per month except in March where I traded two positions.

Wednesday, November 11, 2015

It never rains but it pours

They were going through a painful divorce. The kind of experience that puts your entire life into perspective. The type of pain that an Iron Condor loss can never get close to. He would spend endless hours thinking,....overthinking. What a mystery love is. It just,...it can just vanish one day. Just like that. And just like that the trader would spend hours upon hours overthinking a situation whose solution was nowhere to be found.

Sunday, November 8, 2015

Weekend Portfolio Analysis (November 8, 2015)

Today is the day. I'm 33 years old,...sigh, one year closer to death. I'm not sure what the excitement is about a birth anniversary, but people tend to give importance to this 24 hour interval. Naturally there's some sort of party or surprise thing going on and I have been asked, ordered in fact, to be totally free by 2PM. So, I must hurry up with this article today. Apologies if it ends up shorter than usual.

Friday, November 6, 2015

Cataclysm

The November expiration cycle has been a challenging one to trade as an Options seller. It looks like the performance this cycle will be around -2% for the model portfolio, leaving the Year To Date return around +10% with one cycle left in the year to improve that number. Yes, a 2% account loss for the month sucks but, as a credit spreads trader you learn to take it any day. This is really the key to long term survival.

Tuesday, November 3, 2015

Why I stopped tracking my Forex results with MyFxBook

I've always praised MyFxBook as a great attempt to bring transparency to the retail Forex trading world. I have been using MyFxBook to automatically track the results of my LT Trend Sniper Forex robot until today. A couple of issues with MyFxBook have made me reconsider and I will not be using the platform to track the LT Trend Sniper results going forward.

Sunday, November 1, 2015

Weekend Portfolio Analysis (November 1, 2015)

I thought I wouldn't have time to write a weekend article but suddenly a window of opportunity has been revealed. Thanks by the way for leaving your vote on the Model Portfolio size dilemma. Like I said "the more the merrier", so if you haven't, help me make the content of this site better by leaving your vote here.