SPX trade obviously went against me, almost from inception. I still think it offers decent R/R, but less so than I did at onset. Thankfully, GOOGL, and to a lesser extent AAPL, trades bailed me out once again. A smart person would stop trying to fight the trend, and just take the low hanging fruit. But, I am unburdened by genius, so I'll keep it rolling. Below is summary of open positions, including greeks/Pnl per trade, as well as for total book (Delta/Gamma are beta weighted to SPX);
Adam's Vol Edge Trading Journal
- Thread starter Doobs789
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SPX trade obviously went against me, almost from inception. I still think it offers decent R/R, but less so than I did at onset. Thankfully, GOOGL, and to a lesser extent AAPL, trades bailed me out once again. A smart person would stop trying to fight the trend, and just take the low hanging fruit. But, I am unburdened by genius, so I'll keep it rolling. Below is summary of open positions, including greeks/Pnl per trade, as well as for total book (Delta/Gamma are beta weighted to SPX);
I will kill SPX fly and hedge on touch of 3350 cash.
Oh, well in that case, I cannot lose. I have stop built in! Flattening, reversing, doubling ES position.
It’s a turkey shoot!
I think you have earned this one.., enjoy
Hi Doobs789,
How does one go about learning to trade in the way that you do? I'm definitely on the newer side of options trading after being introduced to it via the Wheel strategy two months ago(I've been trading equities and index futures directionally for a few years).
I see you recommended a few books in a comment ( Hull and Sinclair). Volitility Trading looks very math heavy while skimming through a pdf of it even with a finance degree.
How does one go about learning to trade in the way that you do? I'm definitely on the newer side of options trading after being introduced to it via the Wheel strategy two months ago(I've been trading equities and index futures directionally for a few years).
I see you recommended a few books in a comment ( Hull and Sinclair). Volitility Trading looks very math heavy while skimming through a pdf of it even with a finance degree.
Really interesting thread @Doobs789 .
Thanks for taking the time to share so much with candour.
If vol drops off on SPX, you're on for a good week!
Probably a numpty question if I may, but what's PF?
and
Thanks for taking the time to share so much with candour.
If vol drops off on SPX, you're on for a good week!
Probably a numpty question if I may, but what's PF?
and