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I will entertain you and will answer to your post. 1. I admit early on that's it's paper trading. It is shown in most pictures. Also, previous thread which I refer to in the first post, is paper trading (admitted early). 2. Moderators - yes, please check my IP against overs who posted in this...

Well, This experiment ended with an utter failure, good job it's only demo. Nevertheless, I realized that it has to work - current implied volatility doesn't tell me where market will be at expiration and that's the only thing that matters for my spreads. I've downloaded vix data and will use...

Sorry for answering so late, I didn't see that post. At the moment I concentrate on high probability trades. So far (10 years) I've been trading directionally, so I'm looking to diversify / new challenge. I also believe in diversification - if I have a method that works on all (most) markets...

Trades for this week: AAPL 2x: Sell 2x 405.0 Call / Buy 3x 410.0 Call BAC 20x: Buy 2x 11.5 Put / Sell 1x 12.0 Put BBRY 10x: Sell 3x 14.5 Call / Buy 3x 15.0 Call / Buy 2x 14.0 Put / Sell 2x 14.5 Put BIDU 10x: Sell 1x 92.5 Call / Buy 2x 95.0 Call C 10x: Buy 2x 45.0 Put / Sell 3x 45.5 Put /...

Trade monster is unavailable (Friday evening! Hahaha!). I closed most trades, but will open new ones on Monday.

Week 9 with minimal profit:

I've closed NDX with almost 3k profit as it was too much risk. Rest of the trades will be closed in the evening.

My risk profile for the next week.

Most of my trades is some form of backspread, so no, upside is bigger but it requires big move in a specific direction. Unfortunately, I can't take you through all possible outcomes.

New trades: AAPL 1x: Buy 3x 440.0 Call / Sell 1x 425.0 Put / Buy 1x 440.0 Put BAC 40x: Buy 3x 13.5 Call / Sell 1x 13.0 Put / Buy 1x 14.0 Put BIDU 4x: Buy 1x 97.5 Call / Buy 3x 105.0 Call / Buy 1x 97.5 Put C 40x: Sell 2x 49.5 Call / Buy 3x 50.0 Call F 40x: Buy 3x 16.0 Call / Sell 1x 15.5 Put...

Another negative week.

I closed BAC and NDX with about $800 profit total.

BIDU is still on, and that's the only position that lost money today. CLF 18.5c opened at 0.34.

My risk profile for the next week:

New trades for the next week. AAPL and CLF trades are not so good, but still statistically profitable. AAPL 1x: Buy 3x 450.0 Call / Sell 1x 435.0 Put / Sell 1x 440.0 Put / Buy 2x 450.0 Put BAC 27x: Buy 3x 14.0 Call / Sell 2x 13.5 Put / Buy 2x 14.0 Put BIDU 7x: Buy 2x 97.5 Put / Sell 1x 100.0...

Another disaster week. I'm wondering if there is something inherently wrong with my strategy or is it just bad luck.

My risk profile for the next week

My trades for the next week: AAPL 2x: Buy 3x 440.0 Put / Sell 2x 445.0 Put BAC 20x: Buy 2x 13.0 Call / Sell 2x 13.5 Call / Buy 3x 13.0 Put BBRY 40x: Sell 1x 14.5 Call / Buy 2x 15.0 Call BIDU 5x: Sell 1x 100.0 Call / Buy 3x 105.0 Call CLF 20x: Sell 2x 18.5 Call / Buy 3x 19.0 Call C 12x: Buy...

If market is more or less flat this is exactly what should be happening. Out of 10 trades there is always one that is close to maximum loss and this is why. On the other hand, if market moves strongly, say 5 %, in a week (in either direction) I should get a big win on some spreads.

Most of my spreads are some kind of backspreads. Average loss is always about 1%, but there is a small probability of big loss (at long options' strike). Nevertheless, this time the loss on BAC was about 3% of account, so it's not a disaster. It would be suspicious if I was profitable every week :)