Had a close shave myself lately - but have it back to 12.68% return for last month - keep that going and I will be very happy camper! Just need to keep calm now and not start risking too much - it is no good unless you hold on to it! Keep pecking away like woody the woodpecker J_S
You have my support anyway - how did you get the excel file into the post, is it an online excel sheet in google or something similar? I was doing a good bit on ES options lately, but switched to futures with better results as of late - still do the odd few options trades, but my main focus now is on NQ and ES/NQ spreads, and will be doing a bit on FTSE MIB options and futures shortly, as the FT MIB has unreal volatility during normal markets, let alone at the moment! Done a lot of option trades on FTSE 100 index in the past and might revisit that also - but have to learn to crawl again before I can walk, as I was away from trading for a good few years and just getting back into it now. Thx. J_S
Can you add a column in excel sheet for time of trade and underlying price at this time - it can be very helpful later on when looking back on trades and results. Also, if you can, add delta and theta for each leg - you can use the group/ungroup feature in excel to add these, then collapse them to not take up the whole sheet - but I think you know this already? Thx. J_S
Got it, thx. I don't see the grouping features, but if you want you can add a tab for each trade with all the key info - just a suggestion, but I think it can help to refine strategy and improve on timing. I was sorry I did not do it for all my FTSE 100 index option trades back in 2007, as I had 85 winners in a row, and now I have to go back thru my diary, get all the details, and go back on charts to get the price of underlying for that day - but that is a good bit away yet, only when I can walk again J_S
I have added the column for delta for each leg. I am rounding this number and I'm not including decimal places. I am actually entering the Probability of In The Money.
Are they real trades or sim account - selling calls and puts without protection is very risky business! J_S
I am not really interested in this Karen person, it is your excel sheet that caught my eye. First question for you - why did you sell and ES call with the ES down here - if anything, it was a short put trade, with protection of course! J_S
Oh, even an advanced level trader have a losing day...but I am more interested in what affected him to make such a decision. The most difficult part of trading I find is whether a pullback is a pullback or reversal but I think now I am getting better with that.
I trade in three different real accounts with different strategies. The trades that I post in this thread are isolated in a $150k paper money account. I do implement most of these trades in my live account, but it depends on what the Greeks are telling me in my other accounts.
Losing should not matter, as it is part and parcel - it is losing way too much that matters! As RN rightly says, no sense in throwing away good money! J_S