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I agree.

I disagree. Otherwise every trade; barter, purchase for cash of anything you consume, etc would be zero sum. What is the engine behind commerce then?

I apologize to everyone reading this thread for being so far behind on things and not starting the post series on the details of my methods. Thanks for your patience. Let me give some short answers to these questions, with longer contextual material to follow. Credit spreads, by their...

11 JAN 2010 Trading Plan The Dashboard above informs me as follows: Opportunity - Takeoffs are optional Spread #61 is unpaired. Opportunity to form an Iron Condor. Spread #69 is at 100% of it's potential profit. Opportunity to roll. Jeopardy - Landings are mandatory No spreads show...

falconview, weeklies are very management intensive. Although they contribute significantly to my account gains, I still only trade them for small money. Small money, 4.33 times per month adds up. :) Monthlies remain my primary source of income because they live long enough to use rolling...

I have back tests in that time frame, but only with end of day data. I did paper trading for 5 months before I started small money trading. Back-testing indicates the strategy was profitable during those years, but I'm unwilling to make trading claims on anything but trades involving real...

Learn from the mistakes of others. You won't live long enough to make all of them yourself.

Any landing you can walk away from is a good landing. A great landing is one where you can reuse the plane.

The three most common expressions (or famous last words) in aviation are: "Why is it doing that?" "Where are we?" "Oh Sh1t!"

OK, my next favorite. There are old pilots and bold pilots, but no old bold pilots.

Takeoffs are optional, landings are mandatory.

If you would like to share the spread identification (see my Dashboard for identification) of the spreads that failed, I'll examine them from the perspective of my entry rules and management rules. You can do it in this thread or via PM.

10 JAN 2011 Trading Summary A complete Iron Condor (#30) was formed on the NDX weekly (JAN2 11) with both a PUT spread (#75) and a CALL spread (#76). A roll was executed within Iron Condor (#15) by closing a PUT spread (#64) and opening another PUT spread (#74) closer to the NDX price...

What series caused you the big losses. I'm very curious as I am currently trading Index Options Credit Spreads for a living. Your assistance in spotting week points in my strategy would be appreciated. My journal, if you want to compare notes: HowardCohodas Index Options Credit Spread Trading...

Thank ThinkOrSwim. I suck at choosing colors. :(

One of us needs remedial English classes. I agree that it doesn't have to be.

The last summary looked at my results from the point of view of individual spreads. Here we look at the results from the point of view of completed Iron Condors. Summary of trades in this account to date: Total closed Iron Condors: 16 Profitable Iron Condors: 15 Average...

Start them! :)

Any questions?

Summary of trades in this account to date: Total closed spreads: 59 Profitable spreads: 55 Average profit per spread: 6.1% Unprofitable spreads: 4 Average loss per spread: 9.3% How were spreads closed? Rolled spreads: 21 Exited spreads (last day)...