CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Sunday, March 27, 2016

Weekend Portfolio Analysis (March 27, 2016)

Let's just say, life in South Florida, especially Miami Beach, is a constant challenge to a relatively young man's discipline. It's been a glorious weekend of vice and capitalist pollution but Thank Allah it is over. The Weekend Portfolio Analysis was never in greater danger than in the last few hours. But then I think about the hordes of traders waiting for my insight; insecure, and weak without proper guidance. I think about my duty to a business that generates insurmountable amounts of hard cold cash, and can't help but come back here, and provide you with the gift of my presence.

Well, price finally seems to have lost its unlimited bullish horniness. The incipient divergences pointed out last week seem to have played out for now and for the first time in five weeks, prices went down over all, in a short week of trading.

Wednesday, March 23, 2016

Frustration

As traders we constantly re-evaluate our decisions. What did we do wrong? How we can get better at our craft? Sometimes however, we can't avoid being blinded by frustration when our trading style has failed to make consistent profits for a certain period of time. When this happens it is important to conduct a serious assessment before jumping from system to system, only to see the old environment return, leading the previous trading style to consistent profits, while the recently adopted one miserably under-performs.

Saturday, March 19, 2016

Weekend Portfolio Analysis (March 19, 2016)

Ok folks, we are finally past FOMC and triple witching, and we have also seen yet another historical rally. The market has been really moody in the last 7 months, with 4 wild swings (2 up and 2 down) of more than 10% each. These sustained moves are what typically hurts the Credit/Iron Condor trader the most. I haven't run the numbers, but 4 swings of this magnitude in both directions, in just 7 months, must not be too common at all. But well, the market does its thing, surprises everyone, and it is now up 0.28% for the year.

Friday, March 18, 2016

Long July SPY 169 Puts

I was unable to reflect this trade on the blog yesterday. Anyways, the date time stamp on the tweet reflects the correct date to avoid confusion.

Jul29 SPX Unbalanced Iron Condor

I was unable to reflect this trade on the blog yesterday.
Anyways, the date time stamp on the tweet reflects the correct date to avoid confusion.

Tuesday, March 15, 2016

Trading Innocence

I have lost money following trading newsletters. I have spent a lot buying what I now know are sub-par and overpriced trading courses. I have wasted time going to conferences. Oh yeah, and I have also lost money trading. Seems that there is no way to win this game, and that everyone who says otherwise is full of shit!! - Ted


Sunday, March 13, 2016

Weekend Portfolio Analysis (March 13, 2016)

There are good days in the software developer's life (pay-day), and there are awfully terrible and stressful days (the rest of the time). Well, I'm in that "rest of the time" part right now. It's been an insane couple of weeks with a very tight deadline and infinite amounts of work. Your pal LT has been away from Twitter and has also been taking longer than usual to reply to emails and live a decent, normal human life. He is also working this entire weekend. It's called modern slavery. I thought it wouldn't be possible to write an article this time, but here me be. A quick one, just for my own relaxation purposes, for the sake of doing something different.

Tuesday, March 8, 2016

The Struggle is Real

Over the past few months, your pal LT has been intensively trying to get his hands on some Options Back-testing solution that meets his needs. It's been quite a journey. More frustrating than unwillingly listening to Reggaeton music in Little Havana.

Saturday, March 5, 2016

Weekend Portfolio Analysis (March 5, 2016)

Market up 2.7% this week and 10.5% since the February 11 lows. Quite a rally when people least expected it, as usual, yet when it made sense to go long and stop betting on cataclysm. The market is now down only 2.17% for the year, and we are in the type of environment (sustained and strong index rally) where the worthiness of any active trading strategy is constantly put into question. Time to be extra careful folks

Tuesday, March 1, 2016

Options Trading Monthly Digest (February 2016)

Well, the time has come once again to go over the Options Trading performance for the month that just concluded: February 2016.

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.
Although the main focus is the long term viability of our strategies and not the month to month seesaws, hopefully these monthly updates will provide confidence and serve as an authentic guide of what can be achieved with a realistic and sustainable approach to the business of Selling Options for Income.