Sweet Bobby's Journal

I had another great week in the market. Sixteen trades today.

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I booked profits of $978.84 this week and the portfolio is on track for a 30.16% annual return. My target is 50%, and I expect the profits to normalize once my premium capture rate gets to around 25%. Right now, I'm at 15.08% premium capture.

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Ever notice how Sweet Bobby freely posts his trade while Poopy only posts vague generalities? Yeah, me too!
 
Sweet Bobby said:
I had another great week in the market. Sixteen trades today.

View attachment 255708

I booked profits of $978.84 this week and the portfolio is on track for a 30.16% annual return. My target is 50%, and I expect the profits to normalize once my premium capture rate gets to around 25%. Right now, I'm at 15.08% premium capture.

View attachment 255709

Ever notice how Sweet Bobby freely posts his trade while Poopy only posts vague generalities? Yeah, me too!
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Where is PnL screen?
 
destriero said:
booby ignores $2233 in unrealized losses. In reality he's down more like $3K unrealized as he was short delts at 12:36 (Mountain time?). He never shows that screen again.

Payday!

1:36 in.

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Accounting subterfuge?
 
destriero said:
You only mention realized gains and your unrealized losses are running 10x your daily gain.
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But is it misleading? You can get into positions which don’t show you profits immediately, but you can wait until they turn around. Meanwhile, you are booking realized profits. As long as you manage size.
 
qlai said:
But is it misleading? You can get into positions which don’t show you profits immediately, but you can wait until they turn around. Meanwhile, you are booking realized profits. As long as you manage size.
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Of course it's misleading. Say you're a client and you ask for week ending net liq and your PM tells you that you were up $30K on the day. He ignores the fact that you're down $100K on open positions. You'd lose your license.
 
Ah, right mark to market wise. But he’s not handling clients, just trading for his own “income “ @Sweet Bobby maybe you can explain what it is you are trying to accomplish by trading this way? How are you planning on handling open losses?
 
OK, So he's down 6.75% on the open SPY position. $22.7K in haircut and an unrealized loss of $2,220 showing at midday while short 28-delts. Of course he's really down $3K unrealized bc the SPY rallied over three bucks in his face.

Payday. Open losses of $3K for Booby, but he tells his three railbirds that he's up $313.

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