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Monday, December 19, 2016

Options Trading reflections (2016 Edition)

As traders it is our duty to constantly revise our mechanics. I learn so much from this exercise every year and it for sure shapes my trading. That's how, for example, the Unbalanced Iron Condor idea was born from this article in November of 2014.

Of course, you always need to be aware that not because a particular strategy failed during a given year, it necessarily needs a re-design, nor do we need to make the radical "stop using" decision. The strategy that didn't work on a given year, may be your savior the next year. So, careful consideration is necessary before making final decisions. But with that said, there are always aspects of your track record that show you so much about yourself. Not to mention items that quickly stand out, screaming for a slight tweak.

I did much better in other areas in 2016 (spot Forex and Dividend Growth Investing, where I literally killed it) but this article is strictly focused on Options Trading.

Below are my recent results broken down by strategy. Because the year hasn't ended, there are a couple of numbers that are not final yet, but I think the takeaways don't change anyways. So, for reflection, and also for entertainment purposes, here are my results and thoughts.




Thanks for reading.
Cheers,
LT

Check out 2016 Track Record

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