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Wednesday, April 27, 2016

The life of the simpler Iron Condor trader

As traders, we must constantly question our approach, never rest in our laurels. A perfect way to trade doesn't exist, and rewards in the markets don't come without risks. But, if there is just one little extra edge we can take advantage of, no matter how small, it is our homework to try to find it, prove it and finally exploit it. Nobody gives you anything in the markets, in fact, the market has funny ways to take away from you almost every time you make just a little mistake.

Saturday, April 23, 2016

Weekend Portfolio Analysis (April 23, 2016)

Tough year folks. Tough year for premium sellers so far. Last year at this point we were printing dead presidents left and right, swimming in a pool of easy money that led me to an almost +20% growth by August expiration. In contrast, all we've seen this year is extreme directionality with little sideways action. At some point, at some point, the market will stop going up indefinitely. It always does. And seasonally speaking, little by little we start to enter the weak part of the year. I am still confident there is enough time to pull off positive returns in 2016. We've fought the good fight, the inevitable bad period that every single strategy has to suffer from time to time, and we've fought it well.

Thursday, April 21, 2016

August SPX unbalanced Iron Condor

25 point wide spreads on the August 31 SPX options were not available above 2250. The next strike price above that was 2300. So, I ended up going to regular monthly expiration options:

Tuesday, April 19, 2016

Pressure

"This is it. It is now or never. Just got laid off. Now I have to make this trading thing work, once and for all. How would you deal with this and what type of trading strategies would you use in my situation?" - Nathan


Sunday, April 17, 2016

Weekend Portfolio Analysis (April 17, 2016)

Your pal LT has been working his butt off recently, but for a good cause. We're currently building such cool stuff at work, that honestly, I haven't even felt tired at all, even working 10 to 12 hours a day, including Saturday. That's what usually happens when I'm learning something new or building something that I consider really interesting. I guess that little "excitement bug" about software development hasn't died in me. Which is great because it pays well. If anything, this week proved to me that I have a lot left in the tank. Now, give me something boring, repetitive, and I immediately start to question the meaning of life. First World problems. I feel I can be a good, productive software engineer for 5 more years, perhaps 10. Beyond that is a stretch. It is a youngsters' realm. Who are we kidding? Unlike so many other fields, showing off a 20-year experience resume kills your chances when competing with the spring chickens. Hence the need to learn about the markets, Real Estate; to learn about other things outside of software; to explore business opportunities, to invest. This is the journey I'm traveling in my little corner of the world, aiming for total financial freedom somewhere between 40 to 45 years of age, not because I hate my job, but out of necessity. A 45 year old programmer is nothing sexy. If I shared more juice about the journey, namely monthly salary, expenses and net-worth updates, I would be an instant sensation. God save me.

Tuesday, April 12, 2016

Impatient Sniper - A Profitable Gold trading strategy


A complete Gold trading system with positive expectancy. Metatrader Expert Advisor included.

In order to diversify my trading, over the past couple of years I have been researching strategies to effectively trade Gold. Gold is an extremely emotional market that can move several points in a day in one direction, and in the same way it can quickly give it all back. These wild rides, the noise and volatility make it sometimes harder to trade in a discretionary fashion. There is a huge emotional component that ends up hurting Gold traders more often than not. That, and the fact that it is a 24-hour market, makes it more suitable in my opinion for fully automated trading through a robot, a.k.a expert advisor.

Saturday, April 9, 2016

Weekend Portfolio Analysis (April 9, 2016)

The S&P500 went from 2073.19 to 2047.60 this week, for a -1.23% performance. Year to Date, it is now up 0.18%. It's good to finally see the horny bull take a pause, alleviating some of the pressure on our Credit Call spread positions.

Tuesday, April 5, 2016

Options Trading Monthly Digest (March 2016)

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

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.

Saturday, April 2, 2016

Weekend Portfolio Analysis (April 2, 2016)

I spent my hormonal prime (0 - 26 years old) in Cuba. During that time, I never had to give a hand to a friend or relative moving to a new place. Nobody ever moved. What for? better opportunities in a different province? pfftt. In my years in foreign lands, ages 26 - 33, I have probably participated in 10 moves. The last one of them, today. Just an hour ago. Let me tell you something: True friendships in this life, are defined during moves, not sharing drinks at a bar, or going to strip clubs together. No, no, no, no. When you are moving to a new place, summon your friends, and question the friendship level of those who come up with excuses. Because moves folks, moves are annoying and terrible, and nobody loves them. Everyone hates them, but they are a necessary evil in capitalist societies. Embrace the camaraderie and social bonding. Perhaps I have way too many friends to optimize my life to the fullest. So, although I expect no moves in a while, I know I still have at least 10 or 12 more ahead in this life. Suck it up LT.

But this is not LT's moving adventures?!?? This is not a site where you come for tips to a pleasant, enjoyable move?!?! This is about the vice. The greatest sport of all: The stock market. And what an analysis we have to make today.