Backtesting 2015 Yellow Trades

Account: 2015 Yellow Trades

Trade entry: Sept 25, 2015

Adjustments:

• Sep 28 - Sold 5 x 1090 to hedge t+0 downside
• Oct 5 - Sold 3 x 1110 to hedge t+0 upside
• Oct 15 - Sold 4 x 1120 to reduce DELTA outside tent
• Oct 23 - Sold 2 x 1120, 1 x 1130 to reduce DELTA outside tent
• Oct 28 - Sold 6 x 1130 to control VEGA
• Nov 2 - Rolled BF up
• Nov 3 - Sold 3 x 1180, 3 x 1190 to protect t+0 upside
• Nov 9 - Exited at max profit of +$3203

New Rule: Don't over adjust and focus on keeping t+0 flat. When making adjustments consider systematically rolling  Put Verticals instead of jumping strikes.

Summary:
The key to trading is to not over trade through adjustments, as I was retrading this position I looked at my original adjustments count of 9 and how many adjustments on the retrade, count of 7. What I noticed I did differently here was that I didn't constantly focus on flattening the t+0 line, but rather kept t+0 risk on.

I managed my adjustments differently also, when making adjustments I wouldn't jump over strikes. I'd try and systematically move my Put Verticals up / down to control my greeks.
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Account: 2015 Yellow Trades

Trade entry: Nov 20, 2015

Adjustments:

• Dec 11 - Sold 7 x 1130 to reduce DELTA inside tent
• Dec 14 - Sold 3 x 1120 to reduce DELTA inside tent
• Dec 16 - Sold 10 x 1140 to reduce DELTA inside tent
• Dec 17 - (Could have exited at below max profit +$2430) 
• Dec 18 - Sold 8 x 1130, 2 x 1120 to reduce DELTA inside tent
• Dec 21 - Sold 1 x 1120, 1 x 1110 to reduce DELTA inside tent
• Dec 22 - Sold 3 x 1140 to protect t+0 upside risk
• Dec 23 - Sold 6 x 1140, 1 x 1150 to reduce DELTA inside tent
• Dec 28 - Exited at max profit of +$2632
• Continued trading to see the trade through to end of month.
• Dec 29 - Sold 9 x 1160 to reduce DELTA inside tent.
• Dec 30 - Exited at profit of +$2942

New Rule: Early on in the trade if I'm within the first 30 days don't take below profit target. Within the last 15 - 7 DTE is when I should exit for a slightly below profit.

Summary:

The key to trading is patience and having faith in my system. What I did differently from the last time I traded was I continued trading to hit my max profit. I made reasonable adjustments and could have exited at +$2632  even $2942. The key is to not accept PnL below profit target within the first 30 days of the trade. Have faith in the system and myself.

Exit for slightly below max profit target if I'm between 15 - 7 DTE if my position has been in a negative PnL for most of the time, otherwise continue trading as I would.