tag:blogger.com,1999:blog-33993650915393821832024-03-19T06:05:32.848-04:00Trading Resiliency Blog - Stratatrader's Trading JournalStratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-3399365091539382183.post-67998724014432677262018-04-23T21:22:00.003-04:002018-04-23T21:45:35.550-04:00Welcome Back Kottar! UB1 April 2018I'm back and this time stronger than before, I've regrouped and I'm in to master the butterfly income trade.<br />
<br />
Placed my first UB1 and now will be actively trading UB1, UB2, UB3, X4, M3, BB, ROCK.<br />
<br />
UB1 - Placed my entry on April 20th 2018.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxTKiV-XeFwqwmptVs0jH6zOVKLCMOkM7G4WrfXdC-VZgpXga9hWSHJT8G7eqcqWSfsZDX0NrYqT49lQCTq543BsMJIDIVgFBzhyphenhyphennFOuKMZKMYGBYwBzgg7sB56Lh4rrmaO85WKH2ChYkv/s1600/UB1+Apr+23+2018.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="721" data-original-width="1364" height="338" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxTKiV-XeFwqwmptVs0jH6zOVKLCMOkM7G4WrfXdC-VZgpXga9hWSHJT8G7eqcqWSfsZDX0NrYqT49lQCTq543BsMJIDIVgFBzhyphenhyphennFOuKMZKMYGBYwBzgg7sB56Lh4rrmaO85WKH2ChYkv/s640/UB1+Apr+23+2018.PNG" width="640" /></a></div>
<br />
<br />Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-52232132019486586702017-08-24T11:17:00.001-04:002017-09-18T21:28:02.390-04:00M3 CE - August 2017<div class="separator" style="clear: both; text-align: center;">
<br /></div>
Trade Entry<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7GWXWCjs6YLI881Z_C4OB-A28OLXyKq_9Qv-F1cLlxG5OkjDZ8IRV3CdnuOgogLv9M-WvDxUuJ60LuOUikhpKWD4iUXMVSVeCujIJ-0iw2GhKPbTYP5_hG5yqmNO-n7SH7wh5JR5EHsqI/s1600/August+18+Matrix+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="553" data-original-width="790" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7GWXWCjs6YLI881Z_C4OB-A28OLXyKq_9Qv-F1cLlxG5OkjDZ8IRV3CdnuOgogLv9M-WvDxUuJ60LuOUikhpKWD4iUXMVSVeCujIJ-0iw2GhKPbTYP5_hG5yqmNO-n7SH7wh5JR5EHsqI/s320/August+18+Matrix+Entry.PNG" width="320" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhinX6vcvgJ_0-7o4R40a90nbqaKRZUN1R0MJfYSRXTDw08wfZJKD9Lu4SDm0m0NkEMBas2oiMDAvGpCZdiH0PzQu7B6ccstRB3S7YM0ScAwOMYDYp4wgwiXlZoLHe6gE9vAi6jOKHGQUv7/s1600/August+18+Analyze+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="501" data-original-width="812" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhinX6vcvgJ_0-7o4R40a90nbqaKRZUN1R0MJfYSRXTDw08wfZJKD9Lu4SDm0m0NkEMBas2oiMDAvGpCZdiH0PzQu7B6ccstRB3S7YM0ScAwOMYDYp4wgwiXlZoLHe6gE9vAi6jOKHGQUv7/s320/August+18+Analyze+Entry.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
Adjustments<br />
<br />
<b>Aug 22:</b><br />
<ul>
<li>Self talk</li>
<ul>
<li>My Greeks look good, but my t+0 line to the upside is slightly sagging. Since the RUT has been down huge points in the past few days I think there will be a rally OR slight pullback to the upside. If looking at probabilities, the highest probability for the RUT to do is either pause or pullback (i.e. in this case pullback = upmove). </li>
<li>Considering all of this I should try and flatten out my t+0 to the upside.</li>
</ul>
<li>Adjustment</li>
<ul>
<li>Condor: Rolled 10 shorts up to 1340 and 10 longs up to 1290</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4a-ThEAYQpOaqNL4O7uvmo7Gt5pV-WnUZeTKc3KYhe2cx7oFY54lo3oiHYvWiwMsSeEuv3kYe5qA0N4JVrJJGrw6A5SC3oLNpuqgCGy9I8Q-ax6zeJixx7aUvMqWYfnPjEPpiUj9KdxHK/s1600/August+22+Matrix.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="605" data-original-width="788" height="245" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4a-ThEAYQpOaqNL4O7uvmo7Gt5pV-WnUZeTKc3KYhe2cx7oFY54lo3oiHYvWiwMsSeEuv3kYe5qA0N4JVrJJGrw6A5SC3oLNpuqgCGy9I8Q-ax6zeJixx7aUvMqWYfnPjEPpiUj9KdxHK/s320/August+22+Matrix.PNG" width="320" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWve2EF0YGYPPOg6prNGEWMizSreDNk_lWJAOcu0i_K6Xqg3DPpKdgoQejbd36txlebHU0moiE2kaCtjofXUXujM8_-qN4AuDHIYf6ov3IhA-1bry1AGxuAwy-4w8S9RmDxdKLM7PoQmGV/s1600/August+22+Analyze.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="485" data-original-width="881" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWve2EF0YGYPPOg6prNGEWMizSreDNk_lWJAOcu0i_K6Xqg3DPpKdgoQejbd36txlebHU0moiE2kaCtjofXUXujM8_-qN4AuDHIYf6ov3IhA-1bry1AGxuAwy-4w8S9RmDxdKLM7PoQmGV/s320/August+22+Analyze.PNG" width="320" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOHSiz0TcL86zrnjxoLFlpk6JCmGqP8gO8qFj7xqiRZtA0iKQsah4IptcTGmJVMEpqfs42vhHq5Hejz_OiSIA_aQdzwX2d67S-849mav9esYNsn7yV2r7GiHBfCXSmSq4BraUjyK2XaCtB/s1600/August+22+Matrix+Post+ADjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="554" data-original-width="790" height="224" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOHSiz0TcL86zrnjxoLFlpk6JCmGqP8gO8qFj7xqiRZtA0iKQsah4IptcTGmJVMEpqfs42vhHq5Hejz_OiSIA_aQdzwX2d67S-849mav9esYNsn7yV2r7GiHBfCXSmSq4BraUjyK2XaCtB/s320/August+22+Matrix+Post+ADjustment.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<b>Aug 23:</b><br />
<ul>
<li>Self talk</li>
<ul>
<li>My Greeks look good, should I try and flatten out my t+0 line to the upside more? WHY am I obsessing over this fucking line? STOP obsessing over the t+0 line.</li>
</ul>
<li>Adjustment</li>
<ul>
<li>Decided last minute to NOT make an adjustment.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHd-7KiK-X40s8p1wDJgatAK2UOuFyQzFORJxiF7FaHE7RFEi9z6oeW6EWrjgg3k0cld5FovgxqsVKgVtDbRVCnLXFnGBhWyh6fdEIHtCBnLCAY-ovj8igHgyetJRhm5vAYOh6nZeNbpxD/s1600/August+23+Matrix.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="554" data-original-width="784" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHd-7KiK-X40s8p1wDJgatAK2UOuFyQzFORJxiF7FaHE7RFEi9z6oeW6EWrjgg3k0cld5FovgxqsVKgVtDbRVCnLXFnGBhWyh6fdEIHtCBnLCAY-ovj8igHgyetJRhm5vAYOh6nZeNbpxD/s320/August+23+Matrix.PNG" width="320" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNkV-Q2ti13Ka_Xi9BcEst4Vi3Hg_aCZknNxNjbg8baQYZlt_x_rYcFHrpBqT3W8WRsB8tf5WYapZYlicfbmalSTpyQoClQ-je-yNUajL59H9jLNgcJhBUyKjJPVzjrWy-DcfwtyOmXkFE/s1600/August+23+Analyze.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="519" data-original-width="842" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNkV-Q2ti13Ka_Xi9BcEst4Vi3Hg_aCZknNxNjbg8baQYZlt_x_rYcFHrpBqT3W8WRsB8tf5WYapZYlicfbmalSTpyQoClQ-je-yNUajL59H9jLNgcJhBUyKjJPVzjrWy-DcfwtyOmXkFE/s320/August+23+Analyze.PNG" width="320" /></a></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<b>Aug 30:</b></div>
<div>
<ul>
<li>Self talk</li>
<ul>
<li>My greeks are good, but my t+0 line to the upside is not flat. If I make an adjustment it ends up reducing my Delta e.g. starting delta -16 if I make an adjustment to flatten my t+0 my delta drops to -1.56. Should I be making an adjustment to flatten the t+0 to the upside? </li>
</ul>
<li>Adjustment</li>
<ul>
<li>I've decided not to make an adjustment and stay in the position the way it is.</li>
</ul>
</ul>
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmdyAnVkbV8YXyr7bYsRahM2CNr1t0NaAz_HTtZlUVhALtwmek1C4PaORGVu6ugYHwwmCPcJkhQFP5rrZ8MFsJcuTVemdkLwmnwuB-EYdLb5d6YUVas0k9eWWd3YE7e2iYWp4ofNoza-Tb/s1600/August+30+Matrix.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="630" data-original-width="790" height="255" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmdyAnVkbV8YXyr7bYsRahM2CNr1t0NaAz_HTtZlUVhALtwmek1C4PaORGVu6ugYHwwmCPcJkhQFP5rrZ8MFsJcuTVemdkLwmnwuB-EYdLb5d6YUVas0k9eWWd3YE7e2iYWp4ofNoza-Tb/s320/August+30+Matrix.PNG" width="320" /></a></div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHnM1S1WFeaB9wc2mA6Wi70RbOBKNClccdFmyy3CUJX2Bj0YSPcSCpPvohYP6N95LwPDqxpsi7eYtTzJV-7jVWQDwq4bfRfwWuvVRqE0U5VvsRl_X0bKgf0v62hLV8TtEeuxsAlIP2iU_6/s1600/August+30+Analyze.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="598" data-original-width="1148" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHnM1S1WFeaB9wc2mA6Wi70RbOBKNClccdFmyy3CUJX2Bj0YSPcSCpPvohYP6N95LwPDqxpsi7eYtTzJV-7jVWQDwq4bfRfwWuvVRqE0U5VvsRl_X0bKgf0v62hLV8TtEeuxsAlIP2iU_6/s320/August+30+Analyze.PNG" width="320" /></a></div>
<div>
<br /></div>
<div>
<div>
<b>Aug 31:</b></div>
<div>
<ul>
<li>Self talk</li>
<ul>
<li>Can't keep my VEGA and DELTA negative and RUT is 25 pts above my upper wing </li>
</ul>
</ul>
<ul>
<li>Adjustment</li>
<ul>
<li>Rolled the butterfly 30 pts up. I could not keep my 14 lot butterfly and therefore tried to keep my butterfly at 10 lot but due to capital requirements I was forces to buy a 9 lot butterfly.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvitTf738jt8Zsw3vgI65pilLKJodvV81woid_Rb4i3QwNCigWgJ0zeJcJfkr8gg-Ka9xJ6uOCPaYzQwTw9_YVQjUDcNiLKBfnqjzanksgYJpmDhrNEbUOM7W6W8M7sXjpglB77zucr3k7/s1600/Sep+7.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="780" data-original-width="1600" height="312" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvitTf738jt8Zsw3vgI65pilLKJodvV81woid_Rb4i3QwNCigWgJ0zeJcJfkr8gg-Ka9xJ6uOCPaYzQwTw9_YVQjUDcNiLKBfnqjzanksgYJpmDhrNEbUOM7W6W8M7sXjpglB77zucr3k7/s640/Sep+7.PNG" width="640" /></a></div>
<div>
<br /></div>
<div>
<b>Sept 6:</b></div>
</div>
</div>
<div>
<ul>
<li>Self talk</li>
<ul>
<li>I need to bring my put butterfly to at least a 10 lot, because that's what Dave said is the minimum number of bf's.</li>
</ul>
</ul>
<ul>
<li>Adjustment</li>
<ul>
<li>Added an additional 1 put butterfly to bring my M3 to a 10 lot.</li>
</ul>
</ul>
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmrQLb68eS_unHYNeYTPdKBKDhtsPVDe54dSCvfIftKGmCyPRduN9tlbmMUldphWw4QIzU8eRStxSeEM4D0gAF3SbKLqaDDk0ZcpR-Xl7HujXexO59csqAyZ_juvoQ3DUIeQjR5kpPsHba/s1600/Sep+6.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="777" data-original-width="1600" height="308" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmrQLb68eS_unHYNeYTPdKBKDhtsPVDe54dSCvfIftKGmCyPRduN9tlbmMUldphWw4QIzU8eRStxSeEM4D0gAF3SbKLqaDDk0ZcpR-Xl7HujXexO59csqAyZ_juvoQ3DUIeQjR5kpPsHba/s640/Sep+6.PNG" width="640" /></a></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<div>
<b>Sept 7:</b></div>
<div>
<ul>
<li>Self talk</li>
<ul>
<li>I need to balance my t+0 line out, I have too much risk to the upside. I should flatten the t+0 line to the upside.</li>
</ul>
</ul>
<ul>
<li>Adjustment</li>
<ul>
<li>I had to take money out of my deep ITM long call because I didn't have any cash in my account.</li>
<li>Diagonal trade from current month call to previous expiry Oct 13</li>
<li>Sold a vertical to balance t+0 to the upside</li>
</ul>
</ul>
</div>
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBLRBxV5hkA2HLcIu2zTMb75WbltU4_M7kLTLP7B0TK2AXRm193zIshIBG5HeKdpyQlFGG58zqiGFdDAwMjo3JolJ0E4K2aCdz7IR4vr631Uf_1eRe0eNhuG8XSGPNXsz20f3K4gNgOvt1/s1600/Sep+7+v2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="767" data-original-width="1600" height="306" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBLRBxV5hkA2HLcIu2zTMb75WbltU4_M7kLTLP7B0TK2AXRm193zIshIBG5HeKdpyQlFGG58zqiGFdDAwMjo3JolJ0E4K2aCdz7IR4vr631Uf_1eRe0eNhuG8XSGPNXsz20f3K4gNgOvt1/s640/Sep+7+v2.PNG" width="640" /></a></div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<br /></div>
<div>
<div>
<b>Sept 11:</b></div>
<div>
<ul>
<li>Self talk</li>
<ul>
<li>Maybe if I control Delta using a Call Vertical I won't have to make a drastic adjustment.</li>
</ul>
</ul>
<ul>
<li>Adjustment</li>
<ul>
<li>I </li>
</ul>
</ul>
</div>
</div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-3771606179809201552017-07-25T18:21:00.002-04:002017-08-21T20:33:01.103-04:00M3 CE - July 2017Trade Entry<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidDT4LGH1EJt7K0LCPySsETg7bXSwCDJae-mLIr-Vj21Ee6hH-FKGYgDiw6MilzM5VO20GXCI9EVK7VYGkI8iUROnBugmVGORsgAKyPE9WHASfNDNd1U6TfOQaiZ_nOwFSBRt8dlGBrqqK/s1600/Entry+price+Matrix.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="886" data-original-width="1600" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidDT4LGH1EJt7K0LCPySsETg7bXSwCDJae-mLIr-Vj21Ee6hH-FKGYgDiw6MilzM5VO20GXCI9EVK7VYGkI8iUROnBugmVGORsgAKyPE9WHASfNDNd1U6TfOQaiZ_nOwFSBRt8dlGBrqqK/s400/Entry+price+Matrix.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWqvhulxx2kI67ZlQCLgCIK9AFyUZ1Beywg2_vE72NHkh_r0nIXiliUyzFQ_wH2XYpWz-T5yASmt3AtKw_KgwppokxeNXiIkcBMgJl9BMB3YZkwlBsgmng3IG-BlXmBqVkRV6BY_6P9GtW/s1600/Entry+price+Analyze.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="757" data-original-width="1600" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWqvhulxx2kI67ZlQCLgCIK9AFyUZ1Beywg2_vE72NHkh_r0nIXiliUyzFQ_wH2XYpWz-T5yASmt3AtKw_KgwppokxeNXiIkcBMgJl9BMB3YZkwlBsgmng3IG-BlXmBqVkRV6BY_6P9GtW/s400/Entry+price+Analyze.PNG" width="400" /></a></div>
<br />
Daily Trading Journal<br />
<ul>
<li><b><u>July 25</u></b> - Noticed that my t+0 to the upside was sagging a bit and a 30 pts move up would result in -$1042. Therefore I decided to adjust my position using a condor adjustment strategy.</li>
<ul>
<li><b>Question: Should I have made this adjustment considering my Greeks were in check and it is so early in the trade?</b></li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfCGLA5swbbB9TImESwe4s8jvgT5pw43M43ps0hBGjsxDBNVHjXrkvvu5Sx7x34ALKKEq5e29a6DU0UscqIeGrqSAec0x4mslclyuABVKInj1Nw070OXngk2cKtUw9djn_r8xHCU2cNUOx/s1600/adjustment+1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="991" data-original-width="1600" height="247" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfCGLA5swbbB9TImESwe4s8jvgT5pw43M43ps0hBGjsxDBNVHjXrkvvu5Sx7x34ALKKEq5e29a6DU0UscqIeGrqSAec0x4mslclyuABVKInj1Nw070OXngk2cKtUw9djn_r8xHCU2cNUOx/s400/adjustment+1.png" width="400" /></a></div>
<div>
<br /></div>
<div>
<ul><ul>
<li>After making the adjustment my upside with a 30 pts move <b>-$774</b> AND 30 pts down move <b>-$625</b></li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfyoKPyOI1KaisfBntfO_w-_mo1Kv3Mzs_ykDTh32GDg9d6Kp_hVRLMqbP6is4KjvGy0os1Yh6vZaeF82d4YmbTRBsAqU469s_o9SbpGVOEVVht20q_aCEaQjriMF4zTCTSgNs21SDzk7Z/s1600/adjustment+1+post+matrix.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="1600" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfyoKPyOI1KaisfBntfO_w-_mo1Kv3Mzs_ykDTh32GDg9d6Kp_hVRLMqbP6is4KjvGy0os1Yh6vZaeF82d4YmbTRBsAqU469s_o9SbpGVOEVVht20q_aCEaQjriMF4zTCTSgNs21SDzk7Z/s400/adjustment+1+post+matrix.png" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNNYcbWKtW6yYyfg2e-jqa6uUVk51y266Egj4vN5Ng97MtAbBUTQ3aj_ki17e2Pt7VK6hjPWVRW_5WtrTnoXlTXurmXhIx3HPsLTBDdEN1WK3Uym75RwXBQ_HARkX9pw1OYcnXBXlm9Tm0/s1600/adjustment+1+post+analyze.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: left;"><img border="0" data-original-height="1042" data-original-width="1509" height="275" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNNYcbWKtW6yYyfg2e-jqa6uUVk51y266Egj4vN5Ng97MtAbBUTQ3aj_ki17e2Pt7VK6hjPWVRW_5WtrTnoXlTXurmXhIx3HPsLTBDdEN1WK3Uym75RwXBQ_HARkX9pw1OYcnXBXlm9Tm0/s400/adjustment+1+post+analyze.png" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li><b><u>Jul 31</u></b> - Checked position DELTA & VEGA both are good. T+0 line is great also in 30 pts right/left.<br />
<div>
</div>
</li>
<ul>
<li><b>I think that the market is going to rebound, b/c the market makers haven't taken all the value out of my position, contrarily I'm up in my position which is nice to see. What I think this is telling me is that the market makers believe that this dip is a slight pullback and the market will bounce.</b></li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiizY61K8Liq4rGyugMdiKGNJF8TZH-6mARlMv7sy7x4Hy_JoJLj1-EjfvrR_gIcI80goOkeMGBIPqJXHsBwFHEgVcs7l3TZuynWSlstQT5sXV4v7FfdNGQHxxTC0XUMss1k9shjzLOqA2X/s1600/TL_july31.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="128" data-original-width="725" height="56" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiizY61K8Liq4rGyugMdiKGNJF8TZH-6mARlMv7sy7x4Hy_JoJLj1-EjfvrR_gIcI80goOkeMGBIPqJXHsBwFHEgVcs7l3TZuynWSlstQT5sXV4v7FfdNGQHxxTC0XUMss1k9shjzLOqA2X/s320/TL_july31.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgochyphenhyphenRUV-nsKThIBoeR5Kag01Ne7mC-8jSVbkIGM5yHNE31rOuGaBdMMVUobfzZtfjDmMVsHTf5G7xDLxdqEhlV0nzQcocjw1KGxeFOaK5TtV1lrbvhNfQPPzL7Tuejr08IolQY9zg_cOn/s1600/TL_july31_2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="728" data-original-width="1042" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgochyphenhyphenRUV-nsKThIBoeR5Kag01Ne7mC-8jSVbkIGM5yHNE31rOuGaBdMMVUobfzZtfjDmMVsHTf5G7xDLxdqEhlV0nzQcocjw1KGxeFOaK5TtV1lrbvhNfQPPzL7Tuejr08IolQY9zg_cOn/s320/TL_july31_2.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul></ul>
<br />
<ul>
<li><b>Jul 31</b> - Concerned about my call and when to roll, I would have thought that with this down move that the calls would have become cheaper to roll, but that has not been the case.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI9yBQKdtJeVlNksCmTLA4aCL21DSeaNpmWPIp19WOgQCln2FD5Kqr8QAH9POSp7TQh6blHvtU43At8p2j3QzjyvpiRZBDVrvS2jhDsD1GFjrNlMXFoWeA3C_jNl74tSKGgmYSE-CV6hMJ/s1600/TL_july31_3.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="299" data-original-width="1482" height="64" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI9yBQKdtJeVlNksCmTLA4aCL21DSeaNpmWPIp19WOgQCln2FD5Kqr8QAH9POSp7TQh6blHvtU43At8p2j3QzjyvpiRZBDVrvS2jhDsD1GFjrNlMXFoWeA3C_jNl74tSKGgmYSE-CV6hMJ/s320/TL_july31_3.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li><b>Aug 1</b> - Checked position DELTA & VEGA and both are good. T+0 line is great in 30 pts right/left.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9jLQ_OPn0l_mKECuM4GZ35d85lOYGabA4txCYhZMoWg-ssAlxRTekQRJ5TIswscTrOlsInOLcN7J7R9x5MPtHff4T0NdvziHvEcBoKTvrdy24vyLE7m-T6CYUxwG31N1micQGCK0LFiQC/s1600/TL_august1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="124" data-original-width="688" height="57" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9jLQ_OPn0l_mKECuM4GZ35d85lOYGabA4txCYhZMoWg-ssAlxRTekQRJ5TIswscTrOlsInOLcN7J7R9x5MPtHff4T0NdvziHvEcBoKTvrdy24vyLE7m-T6CYUxwG31N1micQGCK0LFiQC/s320/TL_august1.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheJoMSFY0KT0P1MOAD0rEGnKeBg5ajI6s4_fZWbUX6jfzHokapWGNhUp1dKczVaup9nfSJE1WinoSFY458v0Vh_fYfg5SD0Naozs89LIG6bzi9-UKh_KYVQ5MjR6E2BL5ahtWiAPaCLRyT/s1600/TL_august1_2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="713" data-original-width="966" height="236" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheJoMSFY0KT0P1MOAD0rEGnKeBg5ajI6s4_fZWbUX6jfzHokapWGNhUp1dKczVaup9nfSJE1WinoSFY458v0Vh_fYfg5SD0Naozs89LIG6bzi9-UKh_KYVQ5MjR6E2BL5ahtWiAPaCLRyT/s320/TL_august1_2.PNG" width="320" /></a></div>
<ul><ul>
<li><b>Concern</b> about rolling my call, everything is still fairly expensive, will wait till Thursday to roll my call.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgajxhXxXjR-up5v_lTvekhTu7iLNHEKnSpTh1B7Uzm20T3z6s-yKL2SjuIaBCkpenD-WPJRA2AB4tVmmg3PLm04ERfvZe7sHj7ZyU7nkw8IzWub9m-33ThIFcqHKHM8E26sSL24_YtWWoa/s1600/TL_august1_3.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="284" data-original-width="501" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgajxhXxXjR-up5v_lTvekhTu7iLNHEKnSpTh1B7Uzm20T3z6s-yKL2SjuIaBCkpenD-WPJRA2AB4tVmmg3PLm04ERfvZe7sHj7ZyU7nkw8IzWub9m-33ThIFcqHKHM8E26sSL24_YtWWoa/s320/TL_august1_3.PNG" width="320" /></a></div>
<ul><ul>
<li>Trying to get within these rules:</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWVXHTx3lAUAsd7IxwflAm_vU7SIdbsH_Ii3Cppj3H9a_dkgaBmwwrGC_bC7Jq4wxWiuFJ5Ysfmn8cpk4sOmRQk7H4NJmQPYVS5FudcUpiVi4UnXLWjE1Xae4uI84xXXjkzj9bEZ_ez2as/s1600/Weekly+Rolling+Strategy.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="627" data-original-width="1077" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWVXHTx3lAUAsd7IxwflAm_vU7SIdbsH_Ii3Cppj3H9a_dkgaBmwwrGC_bC7Jq4wxWiuFJ5Ysfmn8cpk4sOmRQk7H4NJmQPYVS5FudcUpiVi4UnXLWjE1Xae4uI84xXXjkzj9bEZ_ez2as/s320/Weekly+Rolling+Strategy.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li><b>Aug 2</b> - Checked position DELTA & VEGA and both are good (Delta was borderline for an adjustment 49.42). T+0 line is great in 30 pts right, but 30 pts to the left brings me to max loss.</li>
<ul>
<li>20 pts move to the left (i.e. down) results in -$1250, which I'm ok with. Therefore making a judgement call based on the fact that on a large down move the highest probability for the RUT is there "<b>might</b>" be a rebound.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaQJgIP8k-xmyESEEKvlH9nF8bHG2m1yleTOLd6ifZ1P9xwF-FY5sYtRYpv1wbsEWqHmA5n0DacG-AgK0ZHZow1bJn7pWSkC48E-VhyzGrboZvJzSLWOkU-I1ywF1D42Y_Cv-pnj0Y1QPU/s1600/TL_august2_1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="124" data-original-width="688" height="57" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaQJgIP8k-xmyESEEKvlH9nF8bHG2m1yleTOLd6ifZ1P9xwF-FY5sYtRYpv1wbsEWqHmA5n0DacG-AgK0ZHZow1bJn7pWSkC48E-VhyzGrboZvJzSLWOkU-I1ywF1D42Y_Cv-pnj0Y1QPU/s320/TL_august2_1.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizpqCz_FywGa4LzaGrWvz54kjb3S_rYk3DoWBVu9K0NE7M7A_TfoJVExpBnK0Z8sHg7Sp-afsqXw1kHF3gUxuLan5x7Xwt9AvENxxKwZd1EZY3ovVlq3IYzlWzaOgtzpIEfbM5e_o619iX/s1600/TL_august2_2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="740" data-original-width="742" height="319" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizpqCz_FywGa4LzaGrWvz54kjb3S_rYk3DoWBVu9K0NE7M7A_TfoJVExpBnK0Z8sHg7Sp-afsqXw1kHF3gUxuLan5x7Xwt9AvENxxKwZd1EZY3ovVlq3IYzlWzaOgtzpIEfbM5e_o619iX/s320/TL_august2_2.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<b><br /></b></div>
<ul>
<li><b style="text-align: center;">Aug 3</b><span style="text-align: center;"> </span><span style="text-align: center;">- Position DELTA was not good (Delta = +80 Delta). T+0 line sloping down. </span></li>
<ul>
<li><span style="text-align: center;"><b>Decision: </b>Roll M3 down 40 points, I was worried about doing this b/c I felt as I would be paying a premium to roll the position on a down day.</span></li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD__9YNSAPAQQw1Jfx49Zg9IS7mJSDKF4yT45hVLsgMJ9-HduZ-OCGotbO8VWqR8DpaMKZ8jzO9cAazQWOWkR534igZOVMS9pMzTENk4v4WQ53bvVQkvpPaaVNA3uNi6RjXtJDwMiBhaKS/s1600/TL_august3_1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="603" data-original-width="1501" height="128" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgD__9YNSAPAQQw1Jfx49Zg9IS7mJSDKF4yT45hVLsgMJ9-HduZ-OCGotbO8VWqR8DpaMKZ8jzO9cAazQWOWkR534igZOVMS9pMzTENk4v4WQ53bvVQkvpPaaVNA3uNi6RjXtJDwMiBhaKS/s320/TL_august3_1.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL6Eyb2EN6nB83JmY8AkyFEaWTp3RchRsgyiPT5iwj0Xe7JRxdpSjcg7eYfbYgGVF69NN9m8yusYX6OTkCZdc6uoA0FMR49pYMtbUrqRLxj6EobCruiVAEOAqpRIE_KEW7wLK0d8skuNCX/s1600/TL_august3_2a.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="717" data-original-width="913" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL6Eyb2EN6nB83JmY8AkyFEaWTp3RchRsgyiPT5iwj0Xe7JRxdpSjcg7eYfbYgGVF69NN9m8yusYX6OTkCZdc6uoA0FMR49pYMtbUrqRLxj6EobCruiVAEOAqpRIE_KEW7wLK0d8skuNCX/s320/TL_august3_2a.PNG" width="320" /></a></div>
<ul><ul>
<li style="text-align: left;">After rolling the M3 down 40 pts I moved half of my short strikes up into a +10 -10 -10 +10 M3 position, but when I look at my T+0 line 30 pts to the right (up) my t+0 was sagging </li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq7QB7_9yTU_vAOmt-xnHQlANuGDtOuuyoB64B60MYJNApXY37V72GRrtsRRJYPYsWKP2XeHpez_xCgMopGtyyiZiJKVNr8wrCPwsH9CQ9XKtaXTQzWNXpO8qwwmzghbK6NjrY51-30NxQ/s1600/TL_august3_4.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="392" data-original-width="791" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq7QB7_9yTU_vAOmt-xnHQlANuGDtOuuyoB64B60MYJNApXY37V72GRrtsRRJYPYsWKP2XeHpez_xCgMopGtyyiZiJKVNr8wrCPwsH9CQ9XKtaXTQzWNXpO8qwwmzghbK6NjrY51-30NxQ/s320/TL_august3_4.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw8sLUH81DqmelQpgUVDLyp2AoQpSZb5gCsf0Zha71qx4MYUzwQriS2Gp0NULA3SIDm3LAJmkHRAlHk84wquWtDbUHtI6AsSi0GhC91QJXYPKDajbB778S0N9C-KqMTFQ8imgYlajb6YZT/s1600/TL_august3_5.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="716" data-original-width="981" height="233" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw8sLUH81DqmelQpgUVDLyp2AoQpSZb5gCsf0Zha71qx4MYUzwQriS2Gp0NULA3SIDm3LAJmkHRAlHk84wquWtDbUHtI6AsSi0GhC91QJXYPKDajbB778S0N9C-KqMTFQ8imgYlajb6YZT/s320/TL_august3_5.PNG" width="320" /></a></div>
<div>
<br /></div>
<ul><ul>
<li style="text-align: left;">Therefore I ended up moving some more shorts up to maintain a "relatively" T+0 to the upside (i.e. right analyze graph) and protected 20 to 30 pts down (i.e. left of analyze graph 30 pts move = -$1554)</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG28FvcBdefeRTPRQQVMKaZtFIDGvm709q4APfHgTK40fUOCqiFH7a9sPmmzanOjPPUqCT684N07RRxpCy5oiQv0lP95yDTPXlpvTkpwP6FC1Srl9ARVj2Vbarkyt6Vq-8VVMCnAHi26DB/s1600/TL_august3_6.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="369" data-original-width="785" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG28FvcBdefeRTPRQQVMKaZtFIDGvm709q4APfHgTK40fUOCqiFH7a9sPmmzanOjPPUqCT684N07RRxpCy5oiQv0lP95yDTPXlpvTkpwP6FC1Srl9ARVj2Vbarkyt6Vq-8VVMCnAHi26DB/s320/TL_august3_6.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUOPdIK6XqNI6HqEWaC7of2mGsZqGKHxCYQzXovNLYLPY4tAloJkrd2tjIWltqwIhyphenhyphen2wWSjaLoiLYnp98Po2W8FrbP1wQdwWRHISCe28TK_jIoHwjTP1O_NfPJx9xstNzaKLSOYwZXVi72/s1600/TL_august3_7.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="690" data-original-width="813" height="271" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUOPdIK6XqNI6HqEWaC7of2mGsZqGKHxCYQzXovNLYLPY4tAloJkrd2tjIWltqwIhyphenhyphen2wWSjaLoiLYnp98Po2W8FrbP1wQdwWRHISCe28TK_jIoHwjTP1O_NfPJx9xstNzaKLSOYwZXVi72/s320/TL_august3_7.PNG" width="320" /></a></div>
<div>
<br /></div>
<ul><ul>
<li style="text-align: left;"><span style="background-color: yellow;"><b>Question for Dave</b>: How can I bring my position out from under the $0 axis?</span></li>
<ul>
<li style="text-align: left;"><span style="background-color: yellow;">If I add butterflies will that help bring my position above the $0 axis?</span></li>
</ul>
</ul>
</ul>
<ul>
<li>Aug 4 - The RUT bounced today position DELTA / VEGA was good (Delta = + 0.62 Delta). T+0 line was flat to the upside and 30 pts downside within -$1250 (actual greek trend -$1147). </li>
<ul>
<li><span style="text-align: center;"><b>Decision: </b>I found myself trying to increase my butterflies to take advantage of my Option Buying Power (I don't know how my M3 ended up being a $15,078 position size when every other time its closer to 18 or 20k) and an increase in volatility<b>.</b></span></li>
<ul>
<li><span style="text-align: center;">I couldn't figure out how to increase my position size without messing up my T+0 line.</span></li>
<li><span style="text-align: center;"><b style="background-color: yellow;">Need to ask Dave or John how to achieve this.</b></span></li>
</ul>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_5ff06PoHVVGkPYWfFFzsbaIaQRU9k0jYQVrUS5yBDhp9Fxg81PMVxFuAMh7VgvIXfhSjVXcyF9TrBPM8NDN_hA7ShDabrKggPaYFZWs84nLJgjNtY8zNkDLysVExamP3Fs-m0JOm6-wx/s1600/TL_august4_1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="715" data-original-width="1600" height="177" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_5ff06PoHVVGkPYWfFFzsbaIaQRU9k0jYQVrUS5yBDhp9Fxg81PMVxFuAMh7VgvIXfhSjVXcyF9TrBPM8NDN_hA7ShDabrKggPaYFZWs84nLJgjNtY8zNkDLysVExamP3Fs-m0JOm6-wx/s400/TL_august4_1.PNG" width="400" /></a></div>
<div style="text-align: center;">
<br />
<ul>
<li style="text-align: left;">Aug 7 - RUT was up 2.21 pts. </li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-ZhAVV-9NgZOHwblTBXXaMMXUS2_CvGsiwfO2vO5danmiG156eq7R0zsySOboCYfBqKxctKhx7L2dPlU4QuFKhRFUmFHxc7Wn42SlZq_62N2cN5OZgNQjwWi4m0NBVXpRPBGaBrt7-7Sg/s1600/TL_august7_1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="483" height="302" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-ZhAVV-9NgZOHwblTBXXaMMXUS2_CvGsiwfO2vO5danmiG156eq7R0zsySOboCYfBqKxctKhx7L2dPlU4QuFKhRFUmFHxc7Wn42SlZq_62N2cN5OZgNQjwWi4m0NBVXpRPBGaBrt7-7Sg/s320/TL_august7_1.PNG" width="320" /></a></div>
<ul>
<li style="text-align: left;">DELTA / VEGA are both good.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVntXyy4R6wzKCUpeTVTp-w4Rt_DRwxs8xDZH2rvnYbJIwoyX26ZYm6UinDWDMMs21G9vvt6uWyFt8obT6OGUjMqeHBYlYWa07XyWl7qrKGLDt33d100rtn5wLAOcVFCJ9USWuQFgpXAVa/s1600/TL_august7_2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="421" data-original-width="783" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVntXyy4R6wzKCUpeTVTp-w4Rt_DRwxs8xDZH2rvnYbJIwoyX26ZYm6UinDWDMMs21G9vvt6uWyFt8obT6OGUjMqeHBYlYWa07XyWl7qrKGLDt33d100rtn5wLAOcVFCJ9USWuQFgpXAVa/s320/TL_august7_2.PNG" width="320" /></a></div>
<ul>
<li style="text-align: left;">T+0 is relatively flat to upside and we are protected with a 30 pts down-move (-$750)</li>
</ul>
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1kyyImDSSiWhJc1zvO7dcolQw-xiQo0bjDmMnzNK-41P5UPNq6lZIb-r6We-CLwZlvPy5SOyMQBQDq3Y3UoPxWXRYVm77P19y8Bx1CfegJxOC-HaGBRWLAHMiL16reiwBr-rl6w0WuzLn/s1600/TL_august7_3.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="726" data-original-width="797" height="291" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1kyyImDSSiWhJc1zvO7dcolQw-xiQo0bjDmMnzNK-41P5UPNq6lZIb-r6We-CLwZlvPy5SOyMQBQDq3Y3UoPxWXRYVm77P19y8Bx1CfegJxOC-HaGBRWLAHMiL16reiwBr-rl6w0WuzLn/s320/TL_august7_3.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li style="text-align: left;">Aug 8 - RUT was up 0.46 pts.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ1FhGFCs1tpEeNrf96ilmGOCFaStH7Ni0Rt3dDkXbRdPpBROaTYnaV9UwaOCNlPSGupJzRp5uuVASrDGzk0Yqc-j0zst7CYqlfE7M7H9qxDRYsS_KfBHWlEJjZx9Z9N9xoKe1XXyC0Pwu/s1600/TL_august8_1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="501" data-original-width="667" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ1FhGFCs1tpEeNrf96ilmGOCFaStH7Ni0Rt3dDkXbRdPpBROaTYnaV9UwaOCNlPSGupJzRp5uuVASrDGzk0Yqc-j0zst7CYqlfE7M7H9qxDRYsS_KfBHWlEJjZx9Z9N9xoKe1XXyC0Pwu/s320/TL_august8_1.PNG" width="320" /></a></div>
<ul>
<li style="text-align: left;">DELTA / VEGA are both good.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPVuctoAmz6uJtpBPHjL77ASj-B1WHu3HN1atnkrr1K3YKYIDIPaqbVIeD9_VEfsSQiTbSHY-_EZcYv1-I2BIGbfzRUM9hlwmRw_NiA7TwlISbF-ky0HMEbotfIdP3WPkah1fRLxCv739G/s1600/TL_august8_2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="508" data-original-width="753" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPVuctoAmz6uJtpBPHjL77ASj-B1WHu3HN1atnkrr1K3YKYIDIPaqbVIeD9_VEfsSQiTbSHY-_EZcYv1-I2BIGbfzRUM9hlwmRw_NiA7TwlISbF-ky0HMEbotfIdP3WPkah1fRLxCv739G/s320/TL_august8_2.PNG" width="320" /></a></div>
<ul>
<li style="text-align: left;">T+0 is relatively flat to upside and we are protected with a 30 pts down-move (-$936)</li>
</ul>
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPF_QDSVwu3A4QZHzGT1Mc1Dg7OBgtF6KBo2zbHAdKrgCjZpD8yALomzn82p6Y-pr4vlrmGwiH183c_xYhP1JnYVdR_teJAhNBrAv1DORLt-lWrZWHPQg29sSV1_74u2smvvfmbuq7ZpOA/s1600/TL_august8_3.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="749" data-original-width="849" height="282" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPF_QDSVwu3A4QZHzGT1Mc1Dg7OBgtF6KBo2zbHAdKrgCjZpD8yALomzn82p6Y-pr4vlrmGwiH183c_xYhP1JnYVdR_teJAhNBrAv1DORLt-lWrZWHPQg29sSV1_74u2smvvfmbuq7ZpOA/s320/TL_august8_3.PNG" width="320" /></a></div>
<br />
<ul>
<li>Aug 9 - RUT dropped -16.80 points</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj05OCrRztOxAJngUdgeYy5G4H4jdYF5xB2vGZ5a_e4CvvKG_s6McyqsNQWMV6dVZPqXvwH2cdWIuPd5haCmTLZ8iI8-ItTjGf6RY21Hv0YXWYuEHF6Ds7xNBFgqIe4xV_oeKyR5qE6fYQx/s1600/TL_august9_1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="483" data-original-width="524" height="294" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj05OCrRztOxAJngUdgeYy5G4H4jdYF5xB2vGZ5a_e4CvvKG_s6McyqsNQWMV6dVZPqXvwH2cdWIuPd5haCmTLZ8iI8-ItTjGf6RY21Hv0YXWYuEHF6Ds7xNBFgqIe4xV_oeKyR5qE6fYQx/s320/TL_august9_1.PNG" width="320" /></a></div>
<div class="separator" style="clear: both;">
</div>
<ul>
<li>10 am - Decided to roll my weekly call into the same expiry month as the butterfly, it was getting too complicated having to roll my weekly call. Hence, I decided to make my trade simpler for the time being and managing adjustments using Condors.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYl57s0g6BauiRmc0Ig-2vMM0c6c6QkYGbNBtbh0QnQMVL39p5KzX-uXR6OgX8KgWqogq5f-SywGAArnGopAyE7cVEgw9dsu9BfQZimrEQ9OjRa6mSn93aaZlgZG-D7tF53QCmeNZW-0bU/s1600/TL_august9_2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="875" data-original-width="801" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYl57s0g6BauiRmc0Ig-2vMM0c6c6QkYGbNBtbh0QnQMVL39p5KzX-uXR6OgX8KgWqogq5f-SywGAArnGopAyE7cVEgw9dsu9BfQZimrEQ9OjRa6mSn93aaZlgZG-D7tF53QCmeNZW-0bU/s320/TL_august9_2.PNG" width="292" /></a></div>
<div>
<ul>
<li>T+0 line: 30 pts down move will exceed -$2500 max loss</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOAuAMW6zwo0clcEo303W1L44nkpHRrb_YEUSbsTGGgmcvNgUeF8HAgRiSd-WROgaxlywTyMLalpr40HiwRHnbXIaSJzu6e3KxvaFC7ozbDagmW306dXm64BCo8wBO1WdLVNTx38En7NlU/s1600/TL_august9_3.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="735" data-original-width="773" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOAuAMW6zwo0clcEo303W1L44nkpHRrb_YEUSbsTGGgmcvNgUeF8HAgRiSd-WROgaxlywTyMLalpr40HiwRHnbXIaSJzu6e3KxvaFC7ozbDagmW306dXm64BCo8wBO1WdLVNTx38En7NlU/s320/TL_august9_3.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<ul>
<li style="text-align: left;">Ended up rolling using condor adjustment 5 from 1390 to 1380 and 5 from 1340 to 1330.</li>
</ul>
<ul>
<li style="text-align: left;">Aug 10 - RUT was down - 22 pts</li>
</ul>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifxfxpyMkGtarMfTNGqRnzvEWSaRdUgwimihel4Vo3vPRT2NpSttoCekxwL2ogQDzQAz0GOoMe77mWz89NUE-6VkCFl1AGW0yP3Vux37tW8pANTLn9SuYNpzISTILyVp9bwf0dpkJLqYkK/s1600/TL_august10_A.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="878" data-original-width="758" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifxfxpyMkGtarMfTNGqRnzvEWSaRdUgwimihel4Vo3vPRT2NpSttoCekxwL2ogQDzQAz0GOoMe77mWz89NUE-6VkCFl1AGW0yP3Vux37tW8pANTLn9SuYNpzISTILyVp9bwf0dpkJLqYkK/s320/TL_august10_A.PNG" width="276" /></a></div>
<div>
<ul><ul>
<li>Ended up rolling down 4 from 1390 to 1380 and 4 from 1340 to 1330</li>
</ul>
</ul>
<ul>
<li>Aug 14 - RUT up +18.6 pts</li>
<ul>
<li>T+0 line was sagging to the upside and therefore made an adjustment</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCFnn-AIEBgCDcNYlwDchPb-6fp7jcIIkCTB5jQ64HMzByiwrgEPDeePbl1vo3RU5M4hbJt-Ze71GlioiBTd7NUdb1kxTJMJFX4QoJGcQR2InnkVnNKhC-W8eiQFLopSZN2cPjLAN02NXe/s1600/TL_august14_A.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="787" data-original-width="844" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCFnn-AIEBgCDcNYlwDchPb-6fp7jcIIkCTB5jQ64HMzByiwrgEPDeePbl1vo3RU5M4hbJt-Ze71GlioiBTd7NUdb1kxTJMJFX4QoJGcQR2InnkVnNKhC-W8eiQFLopSZN2cPjLAN02NXe/s320/TL_august14_A.PNG" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul><ul>
<li>Made adjustment using condor strategy, moved 10 x 1380 to 1390 and 10 x 1330 to 1340</li>
</ul>
</ul>
<ul>
<li>Aug 17 - RUT was down - 20 pts and DELTA was +119.</li>
<ul>
<li>Made an adjustment to sell 5 call verticals in order to control Delta, while the market is going bonkers.</li>
<li>I also moved using a condor strategy 10 x 1420 to 1410 AND -10 x 1370 to 1360</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi30C24-8l4kU7Y7RqokkAkuMA4FhcdAKyIb9vbKO00R8GQfx3d6ZD2zC5NEE_pjPyDkjUpAKMceBOVooMyfkYeAnw3njJjjGsucGhovYQTZ0dCMfl6W8JDWMZST6EqeJphPJTDu8IZ5l9l/s1600/TL_august17_A.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="785" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi30C24-8l4kU7Y7RqokkAkuMA4FhcdAKyIb9vbKO00R8GQfx3d6ZD2zC5NEE_pjPyDkjUpAKMceBOVooMyfkYeAnw3njJjjGsucGhovYQTZ0dCMfl6W8JDWMZST6EqeJphPJTDu8IZ5l9l/s320/TL_august17_A.PNG" width="288" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_dRFoB3nAZKLs92RsfLJTSf-2fn2a3xv3KHEr-RrXnG-veG58OQXVS6Bd609VumKwLznMsQVMTGniBC5w7gQs8XLgrUKTw4IC8wSRHsGhwnPZmfEhWDp-_quQYOp6PPNZMMaW42P1zlM6/s1600/TL_august17_B.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="874" data-original-width="780" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_dRFoB3nAZKLs92RsfLJTSf-2fn2a3xv3KHEr-RrXnG-veG58OQXVS6Bd609VumKwLznMsQVMTGniBC5w7gQs8XLgrUKTw4IC8wSRHsGhwnPZmfEhWDp-_quQYOp6PPNZMMaW42P1zlM6/s320/TL_august17_B.PNG" width="285" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div>
<ul><ul>
<li>Had a conversation with Dave and he mentioned that if we have another down move that I should exit my position to limit my losses with the following steps:</li>
</ul>
<ol>
<li>Close call</li>
<li>Close condor</li>
<li>Close vertical</li>
</ol>
</ul>
<ul>
<li>Aug 18 - BIG Mistake, at market open RUT was pulling back and I decided to exit the position. IF i had waited till noon or 3:30pm then I could have stayed in the trade and not lost as much money as I did.</li>
<ul>
<li>Exited at -$1397 loss.</li>
</ul>
</ul>
<div>
<br /></div>
</div>
<br />
<div>
<br /></div>
</div>
</div>
</div>
<br /></div>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-44712828952622954902017-05-16T23:30:00.000-04:002017-08-23T10:21:52.592-04:00M3 CE - May 2017<b>Trade Entry:</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjupcS6nIXZl8Y_udllA3UtlPXqmU2uLKw5cbNYZJD67PZGFg1IykhcGutU0OvZRX5qbqn-X8WmU4HS3Km5MA2pp868wSvTgzceGD2T5syI52vHKi6CbXiR4FKrlg3lXGMAuinrXWmbgFO5/s1600/Entry+1+of+2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="925" data-original-width="1600" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjupcS6nIXZl8Y_udllA3UtlPXqmU2uLKw5cbNYZJD67PZGFg1IykhcGutU0OvZRX5qbqn-X8WmU4HS3Km5MA2pp868wSvTgzceGD2T5syI52vHKi6CbXiR4FKrlg3lXGMAuinrXWmbgFO5/s400/Entry+1+of+2.PNG" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvrJGV8wBhRWN7HbfiNZV_9rMZdhc2LIoYBXcD3ZPy4XG5tb630TNO7axYbRrUITGadye418ClTa3C9-OkS1jg3j-ng7YywDKaT29VXJcHrbx9R7_uMnlv3ibJOn46EdZ8GSL6_NHsrGgi/s1600/Entry+2+of+2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="733" data-original-width="1600" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvrJGV8wBhRWN7HbfiNZV_9rMZdhc2LIoYBXcD3ZPy4XG5tb630TNO7axYbRrUITGadye418ClTa3C9-OkS1jg3j-ng7YywDKaT29VXJcHrbx9R7_uMnlv3ibJOn46EdZ8GSL6_NHsrGgi/s400/Entry+2+of+2.PNG" width="400" /></a></div>
<br />
*Entry Error*<br />
When I put the M3 trade on, Dave said that my t+0 line was not ideal.<br />
<br />
Adjustments:<br />
<div>
<br />
<ul>
<li>May 17 - -34.30 point down move resulted in a +50 delta, per guidelines I had to roll my BF down. When I rolled down, I took some BF's off from my original 15 lot BF to 13 lot BF.<b> Note:</b> When I was live trading I remember that my Delta was above +50, but in back testing it shows as 48.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhESNBm5iVS4kqS1J_GdbovULD3i-Xa_C738a7CryCjaNRlfDtGlHq1NavWg50mAhriGiQJoe1H9XByaOK3l7wsoYKMtX_r5GQLIhTu3emzHSKavYBKIg0YxCSw5Jzi0qJ6iBBa7ksYYVeI/s1600/Adjust1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="749" data-original-width="1600" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhESNBm5iVS4kqS1J_GdbovULD3i-Xa_C738a7CryCjaNRlfDtGlHq1NavWg50mAhriGiQJoe1H9XByaOK3l7wsoYKMtX_r5GQLIhTu3emzHSKavYBKIg0YxCSw5Jzi0qJ6iBBa7ksYYVeI/s400/Adjust1.PNG" width="400" /></a></div>
<div>
<ul>
<li>May 30 - Rolled my call forward AND Move 6 of my short strikes up to balance out my t+0 line (there was too much upside risk in my existing position)</li>
<li>June 2 - Vega went positive and rolled the entire position up + reduced my position to a 10 lot BF. <span style="color: red;"><b>Important </b></span><b><span style="color: red;">- Ask Dave why did my position drop so much under the t+0 line? Was it b/c of a slight drop in volatility? OR the fact that I reduced my BF lot from 13 to 10 lot?</span></b></li>
</ul>
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMUKRtHto8QZXaD8hbVEftU46Fd4scUy7C48XXwDeeEnxAiv9L-umSMemM1Rr8HFr9Pxpunh3omavNV_yGsT_gltU-Tdk4yjWwoJyU0mlkdchL7NBypQrsFJRPmvYnFnfppOjLVVAOwHxD/s1600/Adjust2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="759" data-original-width="1600" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMUKRtHto8QZXaD8hbVEftU46Fd4scUy7C48XXwDeeEnxAiv9L-umSMemM1Rr8HFr9Pxpunh3omavNV_yGsT_gltU-Tdk4yjWwoJyU0mlkdchL7NBypQrsFJRPmvYnFnfppOjLVVAOwHxD/s400/Adjust2.PNG" width="400" /></a></div>
<div>
<ul>
<li>June 5 - Rolled call forward 1 month</li>
<li><span style="color: red; font-weight: bold;">MISTAKE: </span>I don't know how it happened but I accidentally bought a 7 lot vertical on the bottom wing of my M3</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgHzchHPylH4hoDcTuxcxfHbMUXYAmjcMvo1aFxpNMLbDb2xrd5KfuAgP8WxUpL2V3KsY2b569iEhrC-XUAl9PX2ambeKi2j7hf93qoVsXOuMyaa0FlfJVMzbWn9BCK7LiAE2z-_s-VERi/s1600/Adjust3.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="765" data-original-width="1154" height="265" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgHzchHPylH4hoDcTuxcxfHbMUXYAmjcMvo1aFxpNMLbDb2xrd5KfuAgP8WxUpL2V3KsY2b569iEhrC-XUAl9PX2ambeKi2j7hf93qoVsXOuMyaa0FlfJVMzbWn9BCK7LiAE2z-_s-VERi/s400/Adjust3.PNG" width="400" /></a></div>
<div>
<ul>
<li>June 6 - I reversed the mistake I made in the previous trading day of buying a 7 lot vertical spread AND <b><u>rolled my M3 down 20 pts</u></b></li>
<ul>
<li>I don't completely know why I did this - I think I made the adjustment b/c a 30 point drop would exceed my MAX loss of $2500 to the downside.</li>
<li><span style="color: red;"><b>I should have just managed the position 20pts in either direction? Ask Dave.</b></span></li>
</ul>
<li>Jun 13 - M3 went positive Vega and couldn't keep Delta and Vega negative concurrently therefore had to move the entire M3 up 20 pts</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrnwGnxymwFIJkGm309V8unJZ48p7wPRvFgUla9GO9v6guNM_7DZ3Frk8owgHvZR85QEDrVfWLNyWd9bHq_ql8stfI9McmFyqgMWk2zMpdy9s02J48vLAbITDllMRNtXdFVTCV_KvFs-fS/s1600/Adjust4.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="754" data-original-width="1600" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrnwGnxymwFIJkGm309V8unJZ48p7wPRvFgUla9GO9v6guNM_7DZ3Frk8owgHvZR85QEDrVfWLNyWd9bHq_ql8stfI9McmFyqgMWk2zMpdy9s02J48vLAbITDllMRNtXdFVTCV_KvFs-fS/s400/Adjust4.PNG" width="400" /></a></div>
<div>
<ul>
<li>June 16 - Starting to see a ball on-top of a mound syndrome and made and adjustment to level out my risk on the t+0 line 20 to 30 pts in each direction.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIG_9HQ7fU1L3U_MjbfGgbH0_jvAMGNGAVTVteyFXo6-BvNAvYjDMH3aE2ivsK671AvP1FMiXzy8Q7zMymnxKEEcwOUaspZeGuCSFJTrEKAzgd6Ab8OuF7mdPJK3q2P_UBsjZ3DVHEP15o/s1600/Adjust5.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="709" data-original-width="1600" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIG_9HQ7fU1L3U_MjbfGgbH0_jvAMGNGAVTVteyFXo6-BvNAvYjDMH3aE2ivsK671AvP1FMiXzy8Q7zMymnxKEEcwOUaspZeGuCSFJTrEKAzgd6Ab8OuF7mdPJK3q2P_UBsjZ3DVHEP15o/s400/Adjust5.PNG" width="400" /></a></div>
<div>
<br /></div>
<ul>
<li>June 19 - Greater than -50 delta outside tent and t+0 line sagging heavily to the upside. Pulled 4 lots from upper wing down to balance out the t+0 line</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3lkki1VSmKvfO7JJdLRci-LUOSxvMHRbpufY1VITHrEZzW1gCDxePDOGqsBffgJJ-6kSgi6TbmPAD9qaiiALZREOUUUG3n2pibXtjABDyVLZcfGlOprCjMia6hDHNUWKcqz5onnux37Qt/s1600/Adjust6.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="703" data-original-width="1600" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3lkki1VSmKvfO7JJdLRci-LUOSxvMHRbpufY1VITHrEZzW1gCDxePDOGqsBffgJJ-6kSgi6TbmPAD9qaiiALZREOUUUG3n2pibXtjABDyVLZcfGlOprCjMia6hDHNUWKcqz5onnux37Qt/s400/Adjust6.PNG" width="400" /></a></div>
<div>
<ul>
<li>June 26 - Greater than - 50 Delta (actual -63.46) and therefore had to move some of my short strikes up. <b>BUT <u>I didn't have enough money in my account to make this adjustment therefore I moved some from the lower wing at the same time.</u></b> Made the adjustment via an condor, this allowed me to make the adjustment with only having to pay for the cost of commissions.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSdJLUA782gUamGpO_ZrgI-2tYYnA131kzo-mB6zis6yy-UGH9Zn4415QAWjCeudqdvTongGixH1OViOiycDS73Fb6fZsrM6e3hMMsvGYcvaJ2ipCNtp2OSMkAqzNvLpO1SeXLt1E3MYhp/s1600/Adjust7.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="718" data-original-width="1600" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSdJLUA782gUamGpO_ZrgI-2tYYnA131kzo-mB6zis6yy-UGH9Zn4415QAWjCeudqdvTongGixH1OViOiycDS73Fb6fZsrM6e3hMMsvGYcvaJ2ipCNtp2OSMkAqzNvLpO1SeXLt1E3MYhp/s400/Adjust7.PNG" width="400" /></a></div>
<ul>
<li>I noticed after my adjustment that my Gain/Loss went down further <b>WHY did this happen?</b></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT9FZ5Ej1fc7SEM4gHj9xuxGao8WfNT6YVmEmgG6SzlqXoquBzOlAwDOJZkDI19JuokLW9LysqBWKsz1SkfizI2YmOpCQwsz5-wAdaSlwBR4cHn0_8FgIrcKT-UO3KWUCBjhVr0y_G_dDU/s1600/PostAdjust7.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="791" data-original-width="1600" height="197" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT9FZ5Ej1fc7SEM4gHj9xuxGao8WfNT6YVmEmgG6SzlqXoquBzOlAwDOJZkDI19JuokLW9LysqBWKsz1SkfizI2YmOpCQwsz5-wAdaSlwBR4cHn0_8FgIrcKT-UO3KWUCBjhVr0y_G_dDU/s400/PostAdjust7.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<ul>
<li style="text-align: left;">June 27 - Rolled my weekly call forward</li>
<li style="text-align: left;">June 30 - During live trading my position went above -50 Delta outside the tent AND there was an imbalance in the t+0 risk profile, therefore rolled 4 more up using the condor strategy and the lower wing.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjU4Zeo7N9CNxCUby33znrrA_0REW2j33kK7MJJZph1hYXUfK5dM9Hynj2kvLkHURNF5s2QtKk-GaQT99Q3NJfVuv1Pt0kKlugcn8ighQOg_9xYUrKQ2UEa8Za8hqSChjd0t_sDj_usYcce/s1600/Adjust8.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="718" data-original-width="1600" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjU4Zeo7N9CNxCUby33znrrA_0REW2j33kK7MJJZph1hYXUfK5dM9Hynj2kvLkHURNF5s2QtKk-GaQT99Q3NJfVuv1Pt0kKlugcn8ighQOg_9xYUrKQ2UEa8Za8hqSChjd0t_sDj_usYcce/s400/Adjust8.PNG" width="400" /></a></div>
<div style="text-align: left;">
<ul>
<li>July 5 - Delta outside tent breached -50 in live trading, therefore made an adjustment using a condor with 5 lots</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAtyHjD2esa8-wcsp2ZhAamywsbYQlIp-RSadWCt8yKCGj_y8StVt4Pw9CChhyphenhyphenPiBUBqaCfxe-hVyu_hrfZsj7Zt2Qc0BQRuAc5AGVGcVz4JcQLd_nu867P39HXoAIACzbOVcMbTT9xmot/s1600/Adjust9.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="741" data-original-width="1600" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAtyHjD2esa8-wcsp2ZhAamywsbYQlIp-RSadWCt8yKCGj_y8StVt4Pw9CChhyphenhyphenPiBUBqaCfxe-hVyu_hrfZsj7Zt2Qc0BQRuAc5AGVGcVz4JcQLd_nu867P39HXoAIACzbOVcMbTT9xmot/s400/Adjust9.PNG" width="400" /></a></div>
</div>
<div style="text-align: left;">
<ul>
<li>July 6 - Large -18 point drop in the RUT caused my t+0 profile imbalance to the downside, therefore I made an adjustment to re-balance the t+0 </li>
<ul>
<li>Rolled my weekly call to the forward month.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha3YBi37SoMcyqiD9f0lWzZwevDtXbq95Bc9txXs0o9lUydviuApbFaqJlC0wikEa0HLKxvMQd5HXOxyHoirW5LxhndZqvLSPwPVEcCk92QlMlv3polHqCUxvm_f7xuqNcJBhrmjgr_O44/s1600/Adjust10.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="731" data-original-width="1600" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha3YBi37SoMcyqiD9f0lWzZwevDtXbq95Bc9txXs0o9lUydviuApbFaqJlC0wikEa0HLKxvMQd5HXOxyHoirW5LxhndZqvLSPwPVEcCk92QlMlv3polHqCUxvm_f7xuqNcJBhrmjgr_O44/s400/Adjust10.PNG" width="400" /></a></div>
<div>
<ul>
<li>July 7 - Delta outside tent went to -95.85 and therefore moved 10 lot up using a condor strategy.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSYxvGZr9IkIJKr2_Pby_ZHTm4HtwZbhydZbCRAR7Je0Q8pu7BfRuIKeMRIsLP5XZ8hyyfdOC0Q0nzuAu5RwHoNFkGI8vdsPzvunbKdUFCpofcKyr4vGPb7p7v_RCno5e2NWZjRWTDrc4R/s1600/Adjust11.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="712" data-original-width="1600" height="177" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSYxvGZr9IkIJKr2_Pby_ZHTm4HtwZbhydZbCRAR7Je0Q8pu7BfRuIKeMRIsLP5XZ8hyyfdOC0Q0nzuAu5RwHoNFkGI8vdsPzvunbKdUFCpofcKyr4vGPb7p7v_RCno5e2NWZjRWTDrc4R/s400/Adjust11.PNG" width="400" /></a></div>
<div>
<br /></div>
</div>
</div>
<div style="text-align: left;">
<ul>
<li>July 10 - the t+0 profile was imbalanced and there was too much upside risk, therefore I made an adjustment moving 2 lots up using a condor strategy</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3y4xuOaoRvGIa9ICYrj1ZdplW8-2NUpP_bDsGsWnXV0RKwBhcsmboxW9wXT6CVOPWgQdrD2vLZ2fSUQBDY6JdZfF2A9JxJTygwfE0TgYMhANGSevZ-GJPwA1-vpuCaziVW3agg8amxcb-/s1600/Adjust12.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="701" data-original-width="1600" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3y4xuOaoRvGIa9ICYrj1ZdplW8-2NUpP_bDsGsWnXV0RKwBhcsmboxW9wXT6CVOPWgQdrD2vLZ2fSUQBDY6JdZfF2A9JxJTygwfE0TgYMhANGSevZ-GJPwA1-vpuCaziVW3agg8amxcb-/s400/Adjust12.PNG" width="400" /></a></div>
</div>
<div style="text-align: left;">
<ul>
<li>July 12 - Delta outside tent exceeded -50 (actually went to -86.20) and therefore moved another 6 lots up using condor strategy.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWxllP62JbdAn0fLLDV-xQy-MjoXJFVGC0itVwALsE1Bud9WkwA1WpLjIJ8HgO-sfq4sQxFhnDra9GyBugPzl1QthXAsNYt08Qk5_8L-MWwaffSDj_NaGylBGbCP6JhElhrDMwzs3_RKlX/s1600/Adjust13.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="717" data-original-width="1600" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWxllP62JbdAn0fLLDV-xQy-MjoXJFVGC0itVwALsE1Bud9WkwA1WpLjIJ8HgO-sfq4sQxFhnDra9GyBugPzl1QthXAsNYt08Qk5_8L-MWwaffSDj_NaGylBGbCP6JhElhrDMwzs3_RKlX/s400/Adjust13.PNG" width="400" /></a></div>
</div>
<div style="text-align: left;">
<ul>
<li>July 13 - <b style="background-color: red;">Took the M3 off at max loss (-$2389.50 loss)</b></li>
</ul>
</div>
<div style="text-align: left;">
Summary:</div>
<div style="text-align: left;">
<ul>
<li>I followed my rules and guidelines to a "T" and ended up in a shitty position.</li>
<li>Consulted Dave and he said that if I hadn't rolled down on the large -35pt drop in the RUT I would have been fine for the rest of my trade, which I find a bit difficult to swallow.</li>
<li>Made some adjustments along the way where I was reducing my M3 Lot size, I'm not sure if that had anything to do with my poor trade, but I'm going to backtrade this exact position an not reduce my BF size.</li>
<li>Another thing Dave mentioned was entry pricing and having the wind at your back. I get that BUT I don't 100% believe Dave's comment about not making an adjustment on the large down day. </li>
<li>I'll leave a summary of my backtesting in the comment section.</li>
<li>#analyzethewinsandlosses</li>
</ul>
<div>
<br /></div>
</div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<br /></div>
<div style="text-align: left;">
<br /></div>
<br />
<div>
</div>
</div>
</div>
</div>
</div>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-89326294648995758312017-04-21T14:06:00.000-04:002017-09-24T19:58:36.031-04:00M3 CE - April 2017Trade Entry:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjb4CNpvHXt3Di8D6wR4KtYHwuiGdFhFH8vYutAypfbghgyn3-903dUjpaVyvZ-TMrZnrLTJDdo2NyNfJbgjUuy-gyoXtSrurC6s8rOI89e7DqqDgSShVzXuXQZDKkIawOG_eIa12Ag9YH2/s1600/M3CE-April+2017-Matrix.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="281" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjb4CNpvHXt3Di8D6wR4KtYHwuiGdFhFH8vYutAypfbghgyn3-903dUjpaVyvZ-TMrZnrLTJDdo2NyNfJbgjUuy-gyoXtSrurC6s8rOI89e7DqqDgSShVzXuXQZDKkIawOG_eIa12Ag9YH2/s400/M3CE-April+2017-Matrix.PNG" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ1ULeUW9r4uxwfMuq018cx3R0WKDxkVV9FFbqnJT5xVQy-DeiUQqv9EbAbW4sM8f4_kE1uAoKAkGg5Fe5RvTS97LVKnm1TtNGYBHi5WCXkzgnLc3gQ8CFhrnMu-NrbEbYpS8MZGbIPAYW/s1600/M3CE-April+2017-Analyze.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ1ULeUW9r4uxwfMuq018cx3R0WKDxkVV9FFbqnJT5xVQy-DeiUQqv9EbAbW4sM8f4_kE1uAoKAkGg5Fe5RvTS97LVKnm1TtNGYBHi5WCXkzgnLc3gQ8CFhrnMu-NrbEbYpS8MZGbIPAYW/s400/M3CE-April+2017-Analyze.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
<b><u>*Entry Error*</u></b></div>
<div class="separator" style="clear: both; text-align: left;">
When I put the M3 trade on (April 21, 2017 at 14:36), I purchased the Weekly Call first which got filled immediately. I then tried to put the Butterfly on and couldn't get filled, the market was moving fast and market makers weren't filling my order. 20 mins later after multiple changes to the price I got filled .40 above the mid price.</div>
<br />
<b>Fix: </b>ALWAYS enter the Butterfly first, its the part that sometimes takes time to fill, THEN purchase the weekly call.<br />
<br />
<b><u>Adjustments:</u></b><br />
<br />
<ul>
<li>April 24 - Rolled the weekly call to the forward month (from May 5 to May 12 expiry)</li>
<ul>
<li><b>Adjustment error:</b> I should NEVER roll so early in my trade and pay for the roll! Always try to get a credit until the last 2 days of expiry</li>
</ul>
<li>April 26 - Went VEGA positive and had to make an adjustment</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5F7etOu0fAp6I8Pj2U3u-S-tOlnhGtMi3muEKPbZ3Z2c_iK9G8NDzKW6i9GXUZQfouYrHVGeUsULTCAra-93dbaGPBYuQtrxqKUtnpyxhz7yYXYqVyKt7mLBjv-EGAai8m4be9fYTvIsH/s1600/April+26+Adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="163" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5F7etOu0fAp6I8Pj2U3u-S-tOlnhGtMi3muEKPbZ3Z2c_iK9G8NDzKW6i9GXUZQfouYrHVGeUsULTCAra-93dbaGPBYuQtrxqKUtnpyxhz7yYXYqVyKt7mLBjv-EGAai8m4be9fYTvIsH/s400/April+26+Adjustment.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li>April 26 - Rolled the Butterfly up 40 pts</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpDTkOqNQtMVkNeNVhyphenhyphenN-TDR-nrqbUyhTlPbeRDwaVf_hdmta0VSM5_cb5rXYrg9nJnl2IJqeOif-uELQ_C5GX0CXHwcsDB_SCVwwD3DfgWH7kYl4iy_uaIcUCeTTnnYn6RP83SUff-q7v/s1600/April+26+Adjustment-Rolledup.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="163" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpDTkOqNQtMVkNeNVhyphenhyphenN-TDR-nrqbUyhTlPbeRDwaVf_hdmta0VSM5_cb5rXYrg9nJnl2IJqeOif-uELQ_C5GX0CXHwcsDB_SCVwwD3DfgWH7kYl4iy_uaIcUCeTTnnYn6RP83SUff-q7v/s400/April+26+Adjustment-Rolledup.PNG" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li>April 28 - 30 pts down move would result in Max Loss, therefor reduced Butterfly from 13 lot to 10 lot and brought 5 shorts down.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1nNyCNqlsKOu-MkMU0anxmkMB5kPXG9RQ_XWO4LLWaT537jRNcXjV9ICHfXuId5mJ06KrY6N61ateAwZcX9FlxMw4ZxCX_NKLfp5x8byb_oRxZJK1Ttk7-R-eqdQkntcQ54Tv0oOgwNBw/s1600/April+28+Adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1nNyCNqlsKOu-MkMU0anxmkMB5kPXG9RQ_XWO4LLWaT537jRNcXjV9ICHfXuId5mJ06KrY6N61ateAwZcX9FlxMw4ZxCX_NKLfp5x8byb_oRxZJK1Ttk7-R-eqdQkntcQ54Tv0oOgwNBw/s400/April+28+Adjustment.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li>April 28 - After adjustment</li>
</ul>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTNP3h9wM6EKRGKfMtRaIlpPMwraOMw41o1Og5KQJ2KfDnH-r18lTFSsEXPXbB8r8Oc6xfoi33vXUotbQcFaLrifufZzbotL0zf-39gkyaUGaUp3QG_gMxO8pC1S3vSCuo7uefBSzCqG6a/s1600/April+28+Adjustment+after+adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTNP3h9wM6EKRGKfMtRaIlpPMwraOMw41o1Og5KQJ2KfDnH-r18lTFSsEXPXbB8r8Oc6xfoi33vXUotbQcFaLrifufZzbotL0zf-39gkyaUGaUp3QG_gMxO8pC1S3vSCuo7uefBSzCqG6a/s400/April+28+Adjustment+after+adjustment.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div>
<ul>
<li>May 3 - Breached +50 Delta inside tent, therefor I rolled another 5 short strikes down.</li>
<ul>
<li>Adjustment error: When we breach +50 Delta we roll the entire Butterfly down. The adjustment I made results in the t+0 line becoming a ball on top of the mound. i.e. Risk on both sides within a 20 - 30 pts move will result in max loss.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHIvVMjSCXFwEY95h-lLxJzdcZcy0lRCFrMuHtHj0pDQDMfmuw4Z7u0roDE_oKh-pOqx1eResy6_FM_91wBzt-A6h3NBxGbOGT1n95xqbS9b34-KrGeVYcNhW5UThcHz6XkKwX1xadbWR0/s1600/May+3+Adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHIvVMjSCXFwEY95h-lLxJzdcZcy0lRCFrMuHtHj0pDQDMfmuw4Z7u0roDE_oKh-pOqx1eResy6_FM_91wBzt-A6h3NBxGbOGT1n95xqbS9b34-KrGeVYcNhW5UThcHz6XkKwX1xadbWR0/s400/May+3+Adjustment.PNG" width="400" /></a></div>
<div>
<br /></div>
</div>
<div>
<ul>
<li>May 5 - Spoke with Dave about my trade and he educated me on the value of not rolling the short strikes down when I reach +50 Delta. He explained that the top of the mound situation and although I may have a higher Theta to make a higher profit target, I would have to more actively monitor this trade to ensure it doesn't get out of hand i.e. sharp move could result in a max loss.</li>
<ul>
<li>He recommended that I roll the position down, as a result I was able to take some margin out of the trade and level out my t+0 line.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvRCQtNK5R6GcTHTdAxrwpSvuHOlkD4nsfh1Nu5tq48G_3Xvzv9XiLhsSSsruQyT-jiby6d0RIWjOk2MgkTffz1dP9vmtFyjzS-meEIfWigAU7LuUwcsplKF1C0NYQzoFyDq6DNivcVm9h/s1600/May+5+Adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvRCQtNK5R6GcTHTdAxrwpSvuHOlkD4nsfh1Nu5tq48G_3Xvzv9XiLhsSSsruQyT-jiby6d0RIWjOk2MgkTffz1dP9vmtFyjzS-meEIfWigAU7LuUwcsplKF1C0NYQzoFyDq6DNivcVm9h/s400/May+5+Adjustment.PNG" width="400" /></a></div>
<div>
<br /></div>
</div>
<div>
<br />
<ul>
<li>May 8 - I had 3 DTE on my weekly call and started getting anxious. I had a Calendar in for debit of 0.05 but never got filled, at the time I looked at it the mark was at 0.10, so I increased my debit to 0.10 didn't get filled and then increased it again to 0.15 and it was sitting there. I then looked at my Analyze screen to see what other strikes or Diagonals were priced at and noticed that for the same price even slightly less I could bring my call up to 1270 for credit of 9.90 (i.e. 0.10 cost to me). I decided to cancel my Calendar and created a Diagonal to move closer to the money.</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaTLis81VZaTn4KQtS_xJ2f96nrrr1bCoOrVxtDYQiCAfeMP4p1KzLJEzKpVyAS6AstF6NhyphenhyphenNT5q4bS1SAjhC6Gdl-Q9I875iUu4HbW4Vg3ZtlR9xwAqYjMTPu6E-jwgNeKjv4p9uuyisu/s1600/May+8+2017+-+Calendar+Cancelled.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="13" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaTLis81VZaTn4KQtS_xJ2f96nrrr1bCoOrVxtDYQiCAfeMP4p1KzLJEzKpVyAS6AstF6NhyphenhyphenNT5q4bS1SAjhC6Gdl-Q9I875iUu4HbW4Vg3ZtlR9xwAqYjMTPu6E-jwgNeKjv4p9uuyisu/s400/May+8+2017+-+Calendar+Cancelled.PNG" width="400" /></a></div>
<ul><ul>
<li>This also didn't get filled, so I decided to reduce my credit by 0.15, still no bite, and then I ultimately said my final credit reduction is 0.20. I entered the order and got filled.</li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi63BHCRYmIkEuvztR5uS4jmajr5N3dgXHOyL6tSkg9MIyGqjV7HHDYS5JGJtAKjZu5hH-H4l0OaYIgh7pswtRnim8ABU0CXtx-0fc1-lnnEuzDDkcC7KhuzM0pfIT498BXoJtxnIrDQGN2/s1600/May+8+2017+-+Diagnol+Filled.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="16" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi63BHCRYmIkEuvztR5uS4jmajr5N3dgXHOyL6tSkg9MIyGqjV7HHDYS5JGJtAKjZu5hH-H4l0OaYIgh7pswtRnim8ABU0CXtx-0fc1-lnnEuzDDkcC7KhuzM0pfIT498BXoJtxnIrDQGN2/s400/May+8+2017+-+Diagnol+Filled.PNG" width="400" /></a></div>
<ul><ul>
<li><b>*Note*</b> I should have looked at the 1 min chart to see what the market was doing at the time of my fill attempts, if the market was moving up, I should've waited for a pull back and then placed my order.</li>
</ul>
</ul>
<div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1Vzy7zL896-2GSrLn_fcl_5ycAgg186iXSeSYqHaZW4vlcqosVZlHLhRwEAKpZeVyixPRkdfuRdjSLYAb7LoPX-fonzse-sYsIq9bl_uYg-kxadkXJduJJOYwEAoMzjyrfisJfyqD7lqZ/s1600/May+8+2017+-+Chart+with+commentary.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="261" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1Vzy7zL896-2GSrLn_fcl_5ycAgg186iXSeSYqHaZW4vlcqosVZlHLhRwEAKpZeVyixPRkdfuRdjSLYAb7LoPX-fonzse-sYsIq9bl_uYg-kxadkXJduJJOYwEAoMzjyrfisJfyqD7lqZ/s400/May+8+2017+-+Chart+with+commentary.PNG" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
</div>
<ul>
<li>May 10 - Around 15:53 I noticed that I was slightly outside the tent with a minus Delta of -63.05, therefore to bring my Delta outside the tent back in check I moved 8 of my short strikes up to reduce Delta to -20.10</li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtyJBVauMuHWALQb12pv9esxPkpOkHkITC0u0ebJX7ama16Thc051G_vp0Zf_mWYNTi9NHFY92PKryXZsV9tpDNtuJHvr4AF7dSAPJXrZRUAqKvgYjN99AFKRwKjEObOPuOIr-o0C3LsCt/s1600/May+10+adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="177" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtyJBVauMuHWALQb12pv9esxPkpOkHkITC0u0ebJX7ama16Thc051G_vp0Zf_mWYNTi9NHFY92PKryXZsV9tpDNtuJHvr4AF7dSAPJXrZRUAqKvgYjN99AFKRwKjEObOPuOIr-o0C3LsCt/s400/May+10+adjustment.PNG" width="400" /></a></div>
<div>
<br /></div>
<div>
<ul>
<li>May 12 - Looking at my T+0 line to the downside, with a 30 pts down move I would hit a loss of -$1910, therefore I pulled 6 of the 8 shorts I previously moved up back to 1360 Strike. This fixed my downside risk at the cost of the upside. </li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidco24wo9fpr5LNoZ7Rn0Xvs1mWpUluB4vy-GS1EAHeJTty3V6H3P28Sp-zZTM-yl_sAcNN-bp-jeAgjSLRD4UNbr09tYtwA3uwviQqhPYXIrT7AweaxAlvRDu_JggPbtxinkdPUWKwTG2/s1600/May+12+adjustment.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidco24wo9fpr5LNoZ7Rn0Xvs1mWpUluB4vy-GS1EAHeJTty3V6H3P28Sp-zZTM-yl_sAcNN-bp-jeAgjSLRD4UNbr09tYtwA3uwviQqhPYXIrT7AweaxAlvRDu_JggPbtxinkdPUWKwTG2/s400/May+12+adjustment.PNG" width="400" /></a></div>
<ul><ul>
<li>Dave commented on this adjustment and said that I could have rolled the M3 down to avoid the ball on top of the mound situation, here is his comment:</li>
</ul>
</ul>
<blockquote class="tr_bq">
<i><b>Getting less negative delta is OK, but, you know that was coming, it comes with some upside issues as you can see by your graph. The biggest issue in my opinion is that you are sitting on the top of the ball. As long as we do not move much you are ok. But again, if we have a big move in either direction, you will get hurt. You could have simply rolled down to 1340. You can still do this. Basically reset your trade or simply take your gain of $1000 or so, and move onto July. </b></i></blockquote>
<ul><blockquote class="tr_bq">
</blockquote>
<li>May 15 - Ended up taking the trade off after commissions for a final profit of $863 after commissions.</li>
</ul>
</div>
<div>
<br /></div>
<div>
<br /></div>
</div>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-46640094759786009422016-11-12T12:59:00.002-05:002016-11-13T15:28:04.863-05:00Backtesting 2016 - July 22, 2016 Entry - 2nd attemptAccount: Backtesting 2016<br />
<br />
Trade Entry:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIaoVlzQwh478N-kIrdV-afQkhBJ_3ZdNFRfOx9Dc41lufEg4gxQMQJtvy5Y3dmkzA0ZSGyiovnrQ9_DK4KQw8ouPzkX-CrDTg1EKABs4HpVReLqPWID6oP5ltgunYaDS9Lp-zeFKT7R8z/s1600/Jul+22+2016+-+Entry+2nd+attempt.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIaoVlzQwh478N-kIrdV-afQkhBJ_3ZdNFRfOx9Dc41lufEg4gxQMQJtvy5Y3dmkzA0ZSGyiovnrQ9_DK4KQw8ouPzkX-CrDTg1EKABs4HpVReLqPWID6oP5ltgunYaDS9Lp-zeFKT7R8z/s400/Jul+22+2016+-+Entry+2nd+attempt.png" width="351" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<br />
Adjustments:<br />
<br />
<ul>
<li>Aug 8 - Sold 10 x 1180 to control VEGA and reduce - DELTA outside tent</li>
<li>Aug 15 - Roll BF up, can't keep D/V negative</li>
<li>Aug 19 - Sold 7 x 1230 to reduce - DELTA inside tent</li>
<li>Aug 23 - Sold 3 x 1230 to reduce - DELTA inside edge of tent</li>
<li>Aug 29 - Sold 4 x 1240 to reduce - DELTA inside edge of tent (cut DELTA by half)</li>
<li>Sep 1 - Sold 1 x 1230 to switch DELTA to negative</li>
<ul>
<li>This was a discretion on my part after looking at the price chart and seeing the market oversold. I decided to switch from a +9.02 DELTA to -4.48 DELTA incase the price of RUT drops a - DELTA will help me make money as the price drops</li>
</ul>
<li>Sep 2 - Sold 3 x 1240, 3 x 1250 to reduce - DELTA inside edge of tent</li>
<li>Sep 6 - Exited the trade 10 DTE at slightly lower than Max Profit + $2329</li>
<li>Consider continuing to trade this position to 7 DTE to see how well I can manage the position</li>
<ul>
<li>Sep 6 - Sold 2 x 1250 to reduce DELTA inside edge of tent</li>
<li>Sep 9 - Exited 7 DTE below Max Profit - $941</li>
</ul>
</ul>
<div style="-webkit-text-stroke-width: 0px; color: black; font-family: "Times New Roman"; font-size: medium; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-15100857888833650722016-11-12T01:09:00.005-05:002016-11-12T11:34:18.432-05:00Backtesting 2016 - May 20, 2016 Entry - 2nd attemptAccount: Backtesting 2016<br />
<br />
Trade Entry:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFvFXascLkFW5k_9Gnp-3iAemiq8gk2wNjjSqv6LoTgk_9VsGFj4HDF14_cioVL35D1Y_46mUi9AdpZLCEwbwzXLe4ErfkgKE1onVzmJXYiu09AlXvzef5upFkx_RCeHnJhV4n0GlevunJ/s1600/May+20+2016+-+Entry+2nd+attempt.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFvFXascLkFW5k_9Gnp-3iAemiq8gk2wNjjSqv6LoTgk_9VsGFj4HDF14_cioVL35D1Y_46mUi9AdpZLCEwbwzXLe4ErfkgKE1onVzmJXYiu09AlXvzef5upFkx_RCeHnJhV4n0GlevunJ/s400/May+20+2016+-+Entry+2nd+attempt.png" width="346" /></a></div>
<br />
Adjustments:<br />
<br />
<ul>
<li>May 25 - Sold 5 x 1080 to control VEGA</li>
<li>May 27 - Rolled BF up</li>
<li>Jun 7 - Sold 6 x 1130 to control VEGA</li>
<li>Jun 8 - Rolled BF up</li>
<li>Jun 9 - Sold 5 x 1160 to protect t+0 downside</li>
<li>Jun 10 - Sold 5 x 1160 to reduce + DELTA inside tent</li>
<li>Jun 14 - Sold 7 x 1150 to reduce + DELTA inside tent</li>
<li>Jun 15 - Sold 2 x 1160 to protect t+0 upside</li>
<li>Jun 17 - Sold 2 x 1150 to protect t+0 downside</li>
<li>Jun 20 - Sold 7 x 1160 to protect t+0 upside</li>
<li>Jun 22 - Sold 4 x 1160 to reduce + DELTA inside tent</li>
<li>Jun 23 - Sold 4 x 1170 to reduce - DELTA inside tent</li>
<li>Jun 24 - There was a - 45 pts move in the RUT</li>
<ul>
<li>Rolled BF down (exceeding my max abs loss at - $4686)</li>
</ul>
<li>Jun 27 - Exited the trade 18 DTE close to max loss - $2116</li>
</ul>
<div>
Consider continuing to trade this position to 7 DTE to see how well I can manage the position<br />
<br />
<ul>
<li>Jun 27 - Sold 7 x 1090, 3 x 1080 to reduce + DELTA inside tent</li>
<li>Jun 28 - Sold 3 x 1110 to reduce - DELTA inside tent</li>
<li>Jun 29 - Sold 10 x 1120 to reduce - DELTA inside tent</li>
<li>Jun 30 - Sold 8 x 1130 to reduce - DELTA outside tent</li>
<li>Jul 1 - Sold 2 x 1140 to reduce - DELTA outside tent</li>
<li>Jul 6 - Sold 3 x 1140 to reduce - DELTA outside tent</li>
<li>Jul 8 - Exited the trade 7 DTE slightly above Max Loss -$2622</li>
</ul>
</div>
<div>
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-29733265387796699342016-11-06T19:00:00.000-05:002016-11-12T12:22:01.457-05:00Results of Backtesting Yellow trades from 2012 - 2016<div class="separator" style="clear: both;">
Here are my backtesting results of my Yellow trades from 2012 to 2016 :</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtIZ7HpCzp9raci8qAQC16CHGGl4nQtc-45YSjPGtoMJVgfJeFZ_WpHM5w88B57bgyMlngCXD86vZO6vR8GwrM0JQLATuqvqi_Khk-rlAXAIQF-YLRIupoMOkRnxVHXj4ofk16oNEVXye6/s1600/Backtesting+Detailed+PnL+2012+-+2016+Yellow+Trades.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtIZ7HpCzp9raci8qAQC16CHGGl4nQtc-45YSjPGtoMJVgfJeFZ_WpHM5w88B57bgyMlngCXD86vZO6vR8GwrM0JQLATuqvqi_Khk-rlAXAIQF-YLRIupoMOkRnxVHXj4ofk16oNEVXye6/s640/Backtesting+Detailed+PnL+2012+-+2016+Yellow+Trades.png" width="228" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both;">
Here is my PnL graph showing my monthly PnL in blue and my Cumulative PnL in orange.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB5IJQPIHr7pBge1YeOJdP6sJcMgBjkeJftNstknz1T7mczlP3PLCjIetqUAWPcyfARmRs7uUQu8r5yX_i5PHdM-BE4AiP6ejI6J6XEorgbAWeMnSs9d_yqL8nPf8bcDWTbv1Ppp6xpwM5/s1600/Backtesting+Yellow+trades+PnL+2012+-+2016.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="295" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB5IJQPIHr7pBge1YeOJdP6sJcMgBjkeJftNstknz1T7mczlP3PLCjIetqUAWPcyfARmRs7uUQu8r5yX_i5PHdM-BE4AiP6ejI6J6XEorgbAWeMnSs9d_yqL8nPf8bcDWTbv1Ppp6xpwM5/s400/Backtesting+Yellow+trades+PnL+2012+-+2016.png" width="400" /></a></div>
<div>
<br /></div>
<div>
After going through my previous trades and re-trading them I was able to derive a greater win/loss ratio and PnL, here are some stats:</div>
<div>
<br /></div>
<div>
<br /></div>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 181px;">
<colgroup><col style="mso-width-alt: 4278; mso-width-source: userset; width: 88pt;" width="117"></col>
<col style="width: 48pt;" width="64"></col>
</colgroup><tbody>
<tr height="20" style="height: 15.0pt;">
<td class="xl64" colspan="2" height="20" style="height: 15.0pt; width: 136pt;" width="181"> <b>Trading
Statistics</b></td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">Number of trades</td>
<td align="right">34</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">Number of wins</td>
<td align="right">31</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">Number of losses</td>
<td align="right">3</td>
</tr>
<tr height="20" style="height: 15.0pt;">
<td height="20" style="height: 15.0pt;">Win / Loss Ratio</td>
<td align="right" class="xl63">91.2%</td>
</tr>
</tbody></table>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-27018704691146183322016-10-31T18:33:00.000-04:002016-11-06T19:08:27.816-05:00Best Trade to Learn From: Exceeded Max Loss - Mar 22 2013<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<b>Account: Mar 22 </b><b>2013 Backtesting</b></div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
This is the third time I'm trading this position because of the terrible performance of my prior adjustments on this trade I was left with a -$5000 PnL.</div>
</h2>
<h2 style="clear: both;">
<b><u>Trade entry</u>: Mar 22, 2013</b></h2>
<h2 style="clear: both;">
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div style="font-size: medium; font-weight: normal;">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimXr85tZXIH6jHJeuHEsJ9Oq2RRLpoXr6bdYgLKZZim5jP3e-xOUrWtkAYSz8evxYP7XAKuAijXeoQ2-27R5PdZfxtY1_QVJxTvxl6wA1TfOAbQBtFbfOR12oUARk3WbOX9wYXmCwSLEe9/s1600/Best+Trade+to+Learn+-+Mar+22+2013+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimXr85tZXIH6jHJeuHEsJ9Oq2RRLpoXr6bdYgLKZZim5jP3e-xOUrWtkAYSz8evxYP7XAKuAijXeoQ2-27R5PdZfxtY1_QVJxTvxl6wA1TfOAbQBtFbfOR12oUARk3WbOX9wYXmCwSLEe9/s400/Best+Trade+to+Learn+-+Mar+22+2013+-+Entry.PNG" width="355" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
</h2>
<h2>
<b><u>Adjustments</u>:</b></h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<div>
</div>
</div>
<div style="font-size: medium; font-weight: normal;">
</div>
</h2>
<h2 style="clear: both;">
<ul style="font-size: medium;">
<li style="font-weight: normal;"><span style="background-color: yellow;">Managing the t+0 line 20 to 25 pts on both sides</span></li>
<li style="font-weight: normal;">Apr 3 - Sold 10 x 920 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">Apr 5 - Sold 4 x 910 to protect t+0 downside risk</li>
<li style="font-weight: normal;">Apr 9 - Sold 3 x 930, 1 x 920 to reduce DELTA inside tent</li>
<ul>
<li style="font-weight: normal;">Didn't worry about protecting t+0 upside as much. I'm more protective to the downside</li>
</ul>
<li><span style="font-weight: normal;">Apr 10 - Sold 5 x 930, 2 x 940 to reduce DELTA inside tent</span></li>
<li><span style="font-weight: normal;">Apr 15 - Large move -35 pts as a result my BF's are not being priced well</span></li>
<ul>
<li><span style="font-weight: normal;">Sold 6 x 900, 4 x 910 to reduce DELTA inside tent</span></li>
</ul>
<li><span style="font-weight: normal;">Apr 16 - Sold 2 x 910, 4 x 920 to reduce DELTA inside tent</span></li>
<li><span style="font-weight: normal;">Apr 17 - Sold 2 x 910, 2 x 900 to reduce DELTA inside tent</span></li>
<li><span style="font-weight: normal;">Apr 18 - Sold 4 x 900 to reduce DELTA inside tent</span></li>
<li><span style="font-weight: normal;">Apr 19 - Sold 3 x 920 to protect t+0 upside risk</span></li>
<li><span style="font-weight: normal;">Apr 22 - Exited the trade 25 DTE at max loss </span><span style="background-color: red;">-$2380</span></li>
</ul>
<b style="font-size: medium;">Summary:</b><br /><div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;">This was a difficult trade b/c a few days into the trade I had a PnL of -$3500 i.e. greater than my max loss number of -$2500. I've been told that in situations when price of the RUT drops significantly the market makers (mm's) don't know how to effectively price the butterflies (bf) and therefore the value of the bf's gets yanked until the market stabilizes.</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">In this situation I increase my absolute loss to $4000 and try to either get to a positive PnL or back to within my max loss threshold of -$2500. The other times I've traded this date I've always exceeded absolute max loss and hit -$5000, which is not cool.</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">Live to trade another day.</span></div>
</h2>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-73184877752426390552016-10-29T18:12:00.002-04:002016-11-01T18:50:49.263-04:00Backtesting 2014 Yellow trades<b>Account: 2014 Yellow Trades</b><br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Jan 24, 2014</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXFrAikbS0utVPpQvd1u_gqRmGFCbOCDBsniCDE36mYSxiHx9mp2cDjoYt2V4rg6oCCdFV4uccm5Khc9XYV63eoyoQNXEWqI9U0N3gZhTOuT4d4cFIIRPzNzrzYqTV83Wh-pVHTVIktzAF/s1600/Yellow+Jan+24+2014+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXFrAikbS0utVPpQvd1u_gqRmGFCbOCDBsniCDE36mYSxiHx9mp2cDjoYt2V4rg6oCCdFV4uccm5Khc9XYV63eoyoQNXEWqI9U0N3gZhTOuT4d4cFIIRPzNzrzYqTV83Wh-pVHTVIktzAF/s400/Yellow+Jan+24+2014+-+Entry.PNG" width="335" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Jan 29 - Sold 10 x 1120 to reduce DELTA inside tent</li>
<li>Jan 30 - Sold 5 x 1130 to protect t+0 upside</li>
<li>Feb 3 - Sold 6 x 1110 to reduce DELTA inside tent (cut 90 delta in half after large drop in RUT, anticipating reversal / bounce)</li>
<li>Feb 5 - Sold 4 x 1110 to reduce DELTA inside tent</li>
<li>Feb 6 - Decided to not roll the BF down b/c after the move I felt that there was a good chance for there to be a bounce</li>
<li>Feb 10 - Sold 5 x 1120 to protect t+0 upside risk</li>
<li>Feb 11 - Sold 2 x 1120, 3 x 1130 to protect t+0 upside risk</li>
<li>Feb 13 - Sold 3 x 1130, 4 x 1140 to protect t+0 upside risk</li>
<li>Feb 18 - Sold 6 x 1140 to reduce DELTA inside edge of tent</li>
<li>Feb 21 - Sold 7 x 1150 to protect t+0 upside risk</li>
<li>Feb 25 - Sold 2 x 1150, 1 x 1160 to reduce DELTA outside tent</li>
<li>Feb 26 to 27 - There was no backtesting data, therefore resumed adustments on Feb 28</li>
<li>Feb 28 - Sold 2 x 1160 to protect t+0 upside risk</li>
<li>Mar 4 - Rolled BF up</li>
<li>Mar 7 - Exited 14 DTE, below max profit of <b style="background-color: #b6d7a8;">+$1285</b> b/c spent most of the trade in the negative PnL and was within 15 - 7 DTE, so live to trade another day.</li>
<li>Mar 11 - Continued trading and exited at max profit of <span style="background-color: #b6d7a8;"><b>+$2805</b></span>.</li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">I managed my adjustments systematically, I wouldn't jump over strikes. I'd systematically move my Put Verticals up / down to control my greeks. Also when looking to exit, I was going to exit on 14 DTE, but decided to continue trading because I was in the red with my PnL, but it wasn't unmanageable like with the May 20, 2016 trade where I was down -$4000. Therefore I decided to continue trading as long as volatility is no longer a factor (don't know if this makes sense).</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;"> </span>_________________________________________________________________________________</div>
<div>
<h2 style="clear: both;">
<b><u>Trade entry</u>: Mar 21, 2014</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWXxP_bZ9amlkLcfzF6G-uLjsaHOSuZdBK3WXCyBGySE-TOkAqsolOu67fN7cXkOtwU6WLO0OHyaFgu0srfeB4BI8bvvpZE0o8xojYkXFidEQEvYrd2_ThpVzAnUew7RSrCwEIfveUeZGw/s1600/Yellow+Mar+21+2014+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWXxP_bZ9amlkLcfzF6G-uLjsaHOSuZdBK3WXCyBGySE-TOkAqsolOu67fN7cXkOtwU6WLO0OHyaFgu0srfeB4BI8bvvpZE0o8xojYkXFidEQEvYrd2_ThpVzAnUew7RSrCwEIfveUeZGw/s400/Yellow+Mar+21+2014+-+Entry.PNG" width="331" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Mar 26 - Sold 6 x 1160 to reduce DELTA inside tent</li>
<li>Apr 7 - Sold 10 x 1150 to reduce DELTA inside tent</li>
<li>Apr 8 - Exited at max profit <b style="background-color: #b6d7a8;">+$2610</b> (Continued to trade and ended up with a +$4101 PnL Apr 30, 2014)</li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;"><br /></span><span style="background-color: white;">Good trade didn't make too many strong adjustments. When I was positive DELTA inside the tent I reduced my DELTA by half. Didn't jump strikes when making adjustments. Considered staying in the trade because entered position on low volatility and volatility increased 3.5%, but stuck to my rules and exited.</span><br />
<br />
<span style="background-color: white;"> </span>_________________________________________________________________________________</div>
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: May 23, 2014</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYhxA_DdqhwmZfdPKtr-2M29vgAEcACzQkjJ41CxxGu7Ksr5FY1CJ6fPIfYc8TTxdtW_mVoZp8Kr10QhBchhzUKWhyphenhyphenoNfqmH5YY5cfP0tgo-uRXixDFU8cpppBvOc73S7mRTkn2HzRCDU4/s1600/Yellow+May+23+2014+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYhxA_DdqhwmZfdPKtr-2M29vgAEcACzQkjJ41CxxGu7Ksr5FY1CJ6fPIfYc8TTxdtW_mVoZp8Kr10QhBchhzUKWhyphenhyphenoNfqmH5YY5cfP0tgo-uRXixDFU8cpppBvOc73S7mRTkn2HzRCDU4/s400/Yellow+May+23+2014+-+Entry.PNG" width="340" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Jun 6 - Rolled BF up (couldn't keep delta/vega negative)</li>
<li>Jun 17 - Sold 10 x 1140 to reduce DELTA outside tent</li>
<li>Jun 18 - Sold 5 x 1140 to reduce DELTA outside tent</li>
<li>Jun 23 - Sold 2 x 1150, 3 x 1160 to reduce DELTA outside tent</li>
<li>Jun 30 - Sold 5 x 1160 to control VEGA</li>
<li>Jul 1 - Rolled BF up</li>
<li>Jul 7 - Sold 10 x 1190 to reduce DELTA inside tent</li>
<li>Jul 8 - Sold 5 x 1170, 5 x 1160 to reduce DELTA inside tent</li>
<li>Jul 10 - Exited 8 DTE below max profit <b style="background-color: #b6d7a8;">+$1805</b> </li>
<li>(Continued to trade)</li>
<li>Jul 10 - Sold 5 x 1150 to reduce DELTA inside tent</li>
<li>Jul 11 - Exited 7 DTE above max profit <span style="background-color: #b6d7a8;"><b>+$2915</b></span></li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;"><br /></span><span style="background-color: white;">Good trade made slight half adjustments and didn't jump strikes when making adjustments. Considered staying in the trade to 7 DTE and ended up with above max profit. TRUST YOURSELF and TRUST THE PROCESS!</span><br />
<span style="background-color: white;"> </span>_________________________________________________________________________________<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Sep 26, 2014</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixbG8xGHtj4ndqLlbI0vXkMIQ0KqAsbpuWVRsiBEl0NDEvsRYHbr6XoweowuqJybx-b_oUze38EzD6houXhvhetQPbVGLkC08uktyliERJP_WmZ9RpsSS_6N6LhYc3iEDZZrnxULYUjINl/s1600/Yellow+Sep+26+2014+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixbG8xGHtj4ndqLlbI0vXkMIQ0KqAsbpuWVRsiBEl0NDEvsRYHbr6XoweowuqJybx-b_oUze38EzD6houXhvhetQPbVGLkC08uktyliERJP_WmZ9RpsSS_6N6LhYc3iEDZZrnxULYUjINl/s400/Yellow+Sep+26+2014+-+Entry.PNG" width="337" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Oct 10 - Sold 3 x 1070, 2 x 1060 to reduce DELTA inside tent</li>
<li>Oct 16 - Sold 2 x 1080 to protect t+0 upside</li>
<li>Oct 21 - Sold 7 x 1080 to protect t+0 upside</li>
<li>Oct 28 - Rolled BF (can't keep DELTA/VEGA negative)</li>
<li>Oct 30 - Sold 5 x 1130 to reduce DELTA inside edge of tent</li>
<li>Oct 31 - Sold 8 x 1140 to reduce DELTA outside tent</li>
<li>Nov 5 - Sold 5 x 1150 to reduce DELTA outside tent</li>
<li>Nov 6 - Sold 4 x 1150 to reduce DELTA outside tent</li>
<li>Nov 7 - Sold 4 x 1160 to reduce DELTA outside tent</li>
<li>Nov 11 - Sold 3 x 1160 to reduce DELTA outside tent</li>
<li>Nov 12 - Rolled BF up (Can't keep D/V negative)</li>
<li>Nov 13 - Sold 8 x 1180 to reduce DELTA inside tent</li>
<li>Nov 14 - Exited 7 DTE below max profit <span style="background-color: #b6d7a8;"><span style="background-color: #b6d7a8; font-weight: bold;">+$660</span><span style="background-color: white;"> (Negative GAMMA = -29.48)</span></span></li>
<li>Continued to trade to see how the trade would have panned out</li>
<li>Nov 17 - Exited 4 DTE slightly below max profit <span style="background-color: #b6d7a8;"><span style="background-color: #b6d7a8; font-weight: bold;">+$2470</span><span style="background-color: white;"> (Negative GAMMA = -35.68)</span></span></li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;"><br /></span><span style="background-color: white;">Good trade made half adjustments and didn't jump strikes when making adjustments. Spent most of the trade in the defensive zone (i.e. negative PnL), but managed to get to a positive PnL 7 DTE and exited per plan. </span><br />
<span style="background-color: white;">Considered staying in the trade to see how the trade would have panned out, 4 DTE I was up +$2470 and noticed that GAMMA was - 39. Need to understand how to manage my position when GAMMA is really high.</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">TRUST YOURSELF and TRUST THE PROCESS!</span><br />
<span style="background-color: white;"><br /></span>
________________________________________________________________________________<br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Nov 21, 2014</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigo14Y6FCgyG1cyX23wJNT9vqA5M_5Drb8P010-0Nb2qYCNTu9STkD0RrIw-6mWysHwIVAtdjW3lZYpmV3GrFwMRJTG77dAEjzAb_wA1ON2WARZOFVvKZ0MBJSzVRDtV8kH7clRUe1YBNe/s1600/Yellow+Nov+21+2014+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigo14Y6FCgyG1cyX23wJNT9vqA5M_5Drb8P010-0Nb2qYCNTu9STkD0RrIw-6mWysHwIVAtdjW3lZYpmV3GrFwMRJTG77dAEjzAb_wA1ON2WARZOFVvKZ0MBJSzVRDtV8kH7clRUe1YBNe/s400/Yellow+Nov+21+2014+-+Entry.PNG" width="335" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Dec 15 - Sold 7 x 1150 to control DELTA inside tent</li>
<li>Dec 17 - Sold 3 x 1160 to protect t+0 upside</li>
<li>Dec 18 - Sold 4 x 1160 to protect t+0 upside</li>
<li>Dec 19 - Sold 3 x 1160 to reduce DELTA outside tent</li>
<li>Dec 23 - Sold 9 x 1170 to reduce DELTA outside tent</li>
<li>Dec 24 - Low + DELTA outside tent & DID NOT make an adjustment</li>
<li>Dec 26 - Rolled BF up</li>
<li>Dec 29 - Sold 5 x 1210 to protect t+0 upside</li>
<li>Dec 31 - Sold 4 x 1200 to protect t+0 downside</li>
<li>Jan 2 - Sold 5 x 1200 to reduce DELTA inside tent</li>
<li>Jan 5 - Sold 2 x 1190, 8 x 1180 to reduce DELTA inside tent</li>
<li>Jan 6 - Sold 1 x 1170, 9 x 1160 to reduce DELTA inside tent</li>
<li>Jan 7 - Sold 2 x 1200, 3 x 1150 to minimize t+0 steep drops in both directions</li>
<li>Jan 8 - Sold 8 x 1190 to reduce DELTA inside tent</li>
<li>Jan 9 - Exited 7 DTE below max profit <span style="background-color: #b6d7a8;"><span style="background-color: #b6d7a8; font-weight: bold;">+$712</span><span style="background-color: white;"> </span></span></li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;"><br /></span><span style="background-color: white;">Good trade made half adjustments and didn't jump strikes when making adjustments. Spent most of the trade in the defensive zone (i.e. negative PnL), but managed to get to a positive PnL 7 DTE and exited per plan.</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">In the last 8 DTE I was negative PnL and I couldn't protect my t+0 line i.e. my ball was on top of a mountain, but 7 DTE I market came up and gave me a small profit. I don't know how I should have traded this position differently.</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">Consider getting Dave's feedback.</span></div>
<br /></div>
</div>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com1tag:blogger.com,1999:blog-3399365091539382183.post-83029191861306838572016-10-29T15:16:00.000-04:002016-11-06T19:08:05.515-05:00Backtesting 2012 Yellow Trades<b>Account: Yellow </b><b>2012 Backtesting</b><br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Sep 21, 2012</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjk8akF41SfPPjHNMD8WLCWJZCv6EAHrfUT6YMEsyy8Z3aaFlre7iYkmFEOR_vBxEhN79fk5z9OIY0gpUlNlijpFjAjIBkfrmjLHNy-5yyfulkXw459Jt3Uv77vu_ylU3qojjQAGVDuImfh/s1600/Yellow+Sep+21+2012+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjk8akF41SfPPjHNMD8WLCWJZCv6EAHrfUT6YMEsyy8Z3aaFlre7iYkmFEOR_vBxEhN79fk5z9OIY0gpUlNlijpFjAjIBkfrmjLHNy-5yyfulkXw459Jt3Uv77vu_ylU3qojjQAGVDuImfh/s400/Yellow+Sep+21+2012+-+Entry.PNG" width="360" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Sep 25 - Sold 4 x 840 to reduce DELTA inside tent</li>
<li>Sep 26 - Sold 5 x 830, 1 x 820 to reduce DELTA inside tent</li>
<li>Sep 27 - Sold 4 x 840 to protect t+0 upside</li>
<li>Oct 9 - Sold 5 x 820 to reduce DELTA inside tent</li>
<li>Oct 10 - Exited above max profit of <span style="background-color: #b6d7a8;"><b style="background-color: lime;">+$2789</b></span>.</li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;">Great trade, managed the t+0 line around 20 pts in both directions but my threshold was more around 1500 - 1800. Great trade.</span><br />
<br />
<span style="background-color: white;"> </span>_________________________________________________________________________________</div>
<div>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<b>Account: Yellow </b><b>2013 Backtesting</b></div>
<div style="font-size: medium; font-weight: normal;">
<br /></div>
</h2>
<h2 style="clear: both;">
<b><u>Trade entry</u>: Oct 26, 2012</b></h2>
<h2 style="clear: both;">
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div style="font-size: medium; font-weight: normal;">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNHi0ntWcRmgCIArYD9fsSu02HkA9_CoX5OLyaNewM_oTZrNFITZ4BZXwPFNT1J0PXIyUxhBbj5TT3Ttp2yeI_J6PlTslL5W47HTdy2lvdpCJ3TCgj0vv4OR9wFPbkUe7xN0xkC7RuFUJo/s1600/Entry+Oct+26+2012.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="337" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNHi0ntWcRmgCIArYD9fsSu02HkA9_CoX5OLyaNewM_oTZrNFITZ4BZXwPFNT1J0PXIyUxhBbj5TT3Ttp2yeI_J6PlTslL5W47HTdy2lvdpCJ3TCgj0vv4OR9wFPbkUe7xN0xkC7RuFUJo/s400/Entry+Oct+26+2012.PNG" width="400" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
</h2>
<h2>
<b><u>Adjustments</u>:</b></h2>
<h2 style="clear: both;">
<ul style="font-size: medium;">
<li style="font-weight: normal;">Nov 1 - Sold 4 x 800 to reduce DELTA outside tent</li>
<li style="font-weight: normal;">Nov 8 - Sold 4 x 790 to protect t+0 downside</li>
<li style="font-weight: normal;">Nov 13 - Sold 2 x 780 to protect t+0 downside</li>
<li style="font-weight: normal;">Nov 14 - Sold 8 x 770 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">Nov 15 - Sold 7 x 760 to reduce DELTA inside tent</li>
<li><span style="font-weight: normal;">Nov 16 - Exited 35 DTE above max profit of </span><span style="background-color: lime;">+$3503</span></li>
</ul>
<div style="font-size: medium; font-weight: normal;">
<b>Summary:</b><br />
<span style="background-color: white;">Great trade, did not jump strikes when trying to control DELTA, that is the trick to systematic discretionary trading. My trade adjustments are a lot better when I systematically make adjusts without jumping over strikes.</span><br />
<br />
<span style="background-color: white;"> </span>_________________________________________________________________________________</div>
</h2>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-63353574061501396902016-10-28T19:46:00.000-04:002016-11-06T19:07:32.122-05:00Backtesting 2013 Yellow Trades<b>Account: Yellow </b><b>2013 Backtesting</b><br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Jan 18, 2013</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNKntMq1_kHP6mx-8Yp6ydy4RVlqTlCJw8ZAHRkz97AL1KMuqbDXoc7RsU-KU1wul04kuVQb4MVSnC397zOfCSpGR9YdMQQEnkESl5yN2psM3mXq0kTcQfmWqtDt-vrTscaxXggAak3ics/s1600/Yellow+Jan+18+2013+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNKntMq1_kHP6mx-8Yp6ydy4RVlqTlCJw8ZAHRkz97AL1KMuqbDXoc7RsU-KU1wul04kuVQb4MVSnC397zOfCSpGR9YdMQQEnkESl5yN2psM3mXq0kTcQfmWqtDt-vrTscaxXggAak3ics/s400/Yellow+Jan+18+2013+-+Entry.PNG" width="337" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li><b><u><span style="color: red;">Managed Adjustments using t+0 +/- 30 pts</span></u></b></li>
<li>Feb 1 - Sold 7 x 880 to reduce DELTA outside tent</li>
<li>Feb 5 - Sold 3 x 880 to reduce DELTA outside tent</li>
<li>Feb 7 - Sold 5 x 890 to reduce DELTA outside tent</li>
<li>Feb 14 - Rolled BF up</li>
<li>Feb 19 - Sold 3 x 930 to reduce DELTA and protect t+0 upside</li>
<li>Feb 20 - Sold 7 x 920 to protect t+0 downside</li>
<li>Feb 21 - Sold 5 x 900 to protect t+0 downside</li>
<li>Feb 22 - Sold 2 x 930 to reduce DELTA inside tent</li>
<li>Feb 25 - Sold 3 x 920, 2 x 900 to protect t+0 downside</li>
<li>Feb 26 - Sold 3 x 910 to protect t+0 downside</li>
<li>Feb 27 - Sold 7 x 920 to reduce DELTA inside tent</li>
<li>Mar 4 - Sold 3 x 930 to reduce DELTA inside tent</li>
<li>Mar 5 - Sold 7 x 930 to reduce DELTA inside tent</li>
<li>Mar 6 - Rolled BF up</li>
<li>Mar 7 - Sold 2 x 940 to reduce DELTA inside tent</li>
<li>Mar 8 - Exited 7 DTE below max profit of <span style="background-color: #b6d7a8;"><b style="background-color: lime;">+$651</b></span>.</li>
</ul>
<div>
<b>Summary:</b><br />
<span style="background-color: white;">Weird trade - did worse than my previous trade. Also, didn't place my order on the same date, which was weird. I should go back and re-trade this.</span><br />
<br />
<span style="background-color: white;"> </span>_________________________________________________________________________________</div>
<div>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<b>Account: Yellow </b><b>2013 Backtesting</b></div>
<div style="font-size: medium; font-weight: normal;">
<br /></div>
</h2>
<h2 style="clear: both;">
<b><u>Trade entry</u>: Jan 18, 2013</b></h2>
<h2 style="clear: both;">
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div style="font-size: medium; font-weight: normal;">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5OOMdK27HTTVv7Z90HDHPZNQMFAJRojHFtAwm-dKWQbR9A0kBMT0nrce4GHiPer5qUwbZFauxHI2UgUb_M3-T0tThB9e1WSBQPOXEZFjRJsBEfuPWjW9-e8yekC5W_JZA4rPAjzm6t8FI/s1600/Yellow+Jan+18+2013+t%252B0+20pts+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5OOMdK27HTTVv7Z90HDHPZNQMFAJRojHFtAwm-dKWQbR9A0kBMT0nrce4GHiPer5qUwbZFauxHI2UgUb_M3-T0tThB9e1WSBQPOXEZFjRJsBEfuPWjW9-e8yekC5W_JZA4rPAjzm6t8FI/s400/Yellow+Jan+18+2013+t%252B0+20pts+-+Entry.PNG" width="371" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
</h2>
<h2>
<b><u>Adjustments</u>:</b></h2>
<h2 style="clear: both;">
<ul style="font-size: medium; font-weight: normal;">
<li><b><u><span style="color: red;">Managed Adjustments using t+0 +/- 20 pts</span></u></b></li>
<li>Jan 28 - Sold 6 x 880 to reduce DELTA outside tent</li>
<li>Feb 5 - Sold 4 x 880 to reduce DELTA outside tent</li>
<li>Feb 7 - Sold 5 x 890 to reduce DELTA outside tent</li>
<li>Feb 14 - Rolled BF up</li>
<li>Feb 19 - Sold 3 x 930 to reduce DELTA and protect t+0 upside</li>
<li>Feb 20 - Sold 3 x 910 to reduce DELTA and protect t+0 downside</li>
<li>Feb 21 - Sold 3 x 900 to protect t+0 downside</li>
<li>Feb 22 - Sold 3 x 930 to reduce DELTA inside tent</li>
<li>Feb 25 - Sold 4 x 880, 1 x 870 to reduce DELTA & protect t+0 downside</li>
<li>Feb 27 - Sold 2 x 920, 1 x 930 to reduce DELTA inside tent</li>
<li>Mar 1 - Sold 2 x 900 to protect t+0 upside</li>
<li>Mar 4 - Sold 2 x 920 to reduce DELTA inside tent</li>
<li>Mar 5 - Sold 7 x 930 to reduce DELTA inside tent</li>
<li>Mar 6 - Rolled BF up</li>
<li>Mar 7 - Sold 2 x 940 to reduce DELTA inside tent</li>
<li>Mar 8 - Exited 7 DTE below max profit of <span style="background-color: lime;"><span style="background-color: #b6d7a8;"><b>+$316</b></span>.</span></li>
</ul>
<div style="font-size: medium; font-weight: normal;">
<b>Summary:</b><br />
<span style="background-color: white;">Weird trade - did worse than my previous trade. Profit is less than before. Anyhow followed my rules and trade is still a win regardless of profit number.</span><br />
<br />
<span style="background-color: white;"> </span>_________________________________________________________________________________<br />
<div>
<br /></div>
</div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<b>Account: Yellow </b><b>2013 Backtesting</b></div>
<div style="font-size: medium; font-weight: normal;">
<br /></div>
</h2>
<h2 style="clear: both;">
<b><u>Trade entry</u>: Mar 22, 2013</b></h2>
<h2 style="clear: both;">
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div style="font-size: medium; font-weight: normal;">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5OOMdK27HTTVv7Z90HDHPZNQMFAJRojHFtAwm-dKWQbR9A0kBMT0nrce4GHiPer5qUwbZFauxHI2UgUb_M3-T0tThB9e1WSBQPOXEZFjRJsBEfuPWjW9-e8yekC5W_JZA4rPAjzm6t8FI/s1600/Yellow+Jan+18+2013+t%252B0+20pts+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5OOMdK27HTTVv7Z90HDHPZNQMFAJRojHFtAwm-dKWQbR9A0kBMT0nrce4GHiPer5qUwbZFauxHI2UgUb_M3-T0tThB9e1WSBQPOXEZFjRJsBEfuPWjW9-e8yekC5W_JZA4rPAjzm6t8FI/s400/Yellow+Jan+18+2013+t%252B0+20pts+-+Entry.PNG" width="371" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
</h2>
<h2>
<b><u>Adjustments</u>:</b></h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<div>
</div>
</div>
<div style="font-size: medium; font-weight: normal;">
</div>
</h2>
<h2 style="clear: both;">
<ul style="font-size: medium;">
<li style="font-weight: normal;">Apr 3 - Sold 6 x 920, 3 x 910 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">Apr 4 - Sold 1 x 930 to protect t+0 upside</li>
<li style="font-weight: normal;">Apr 5 - Sold 2 x 910 to protect t+0 downside</li>
<li style="font-weight: normal;">Apr 9 - Sold 4 x 940 to reduce DELTA and protect t+0 upside</li>
<li style="font-weight: normal;">Apr 10 - Sold 2 x 950, 3 x 960 to reduce DELTA inside edge of tent and protect t+0 upside </li>
<li style="font-weight: normal;">Apr 15 - MM hit volatility and took the value out of my BF's therefore have to increase ABS Max Loss to $4000</li>
<ul style="font-weight: normal;">
<li>Sold 1 x 930, 5 x 890 to reduce DELTA </li>
</ul>
<li style="font-weight: normal;">Apr 16 - Sold 2 x 930, 1 x 940 to protect t+0 upside</li>
<li style="font-weight: normal;">Apr 17 - Sold 1 x 920, 1 x 910 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">Apr 18 - Sold 2 x 890 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">Apr 19 - Sold 3 x 950 to protect t+0 upside</li>
<li style="font-weight: normal;">Apr 22 - Sold 1 x 920, 1 x 910 to protect t+0 upside</li>
<li style="font-weight: normal;">Apr 23 - Sold 1 x 960 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">Apr 24 - Sold 2 x 960, 1 x 940 to reduce DELTA inside tent and protect t+0 upside</li>
<li style="font-weight: normal;">Apr 25 - Sold 2 x 960 to protect t+0 upside</li>
<li style="font-weight: normal;">Apr 29 - Sold 2 x 930 to reduce DELTA inside edge of tent and protect t+0 upside</li>
<li style="font-weight: normal;">May 1 - Sold 1 x 910, 2 x 900 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">May 2 - Sold 2 x 950 to reduce DELTA inside tent</li>
<li style="font-weight: normal;">May 3 - Sold 2 x 960 to reduce DELTA inside edge of tent</li>
<li style="font-weight: normal;">May 6 - Sold 3 x 960 to reduce DELTA inside edge of tent</li>
<li style="font-weight: normal;">May 8 - Sold 1 x 960 to reduce DELTA outside tent</li>
<li><span style="font-weight: normal;">May 10 - 7 DTE and exited above MAX LOSS at </span><span style="background-color: red;">-$5197!!!!!</span></li>
</ul>
<span style="font-size: small;"><br /></span><b style="font-size: medium;">Summary:</b><br /><div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;">Weird trade - did worse than my previous trade. Need to figure out what my rules are to manage these sorts of trades. Get feedback from Dave, need to practice minimizing losses. </span><br />
<span style="background-color: white;"><br /></span></div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;"> </span>_________________________________________________________________________________<br />
<div>
<br /></div>
</div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<b>Account: Yellow </b><b>2013 Backtesting</b></div>
<div style="font-size: medium; font-weight: normal;">
<br /></div>
</h2>
<h2 style="clear: both;">
<b><u>Trade entry</u>: June 21, 2013</b></h2>
<h2 style="clear: both;">
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div style="font-size: medium; font-weight: normal;">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkRZzojAr3eyFhFG-afcFqVGlYDGzwmVnXyBsGmJqkM67WlNcrvRzwS507c039JisgFtzt49gp6ZURgl73LIZHSVP5mihLmREclm1MkoKU5gBglNWB5xva1t_RgGVqE2bfwwIh7e7a4GE_/s1600/Yellow+Jun+21+2013+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkRZzojAr3eyFhFG-afcFqVGlYDGzwmVnXyBsGmJqkM67WlNcrvRzwS507c039JisgFtzt49gp6ZURgl73LIZHSVP5mihLmREclm1MkoKU5gBglNWB5xva1t_RgGVqE2bfwwIh7e7a4GE_/s400/Yellow+Jun+21+2013+-+Entry.PNG" width="355" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
</h2>
<h2>
<b><u>Adjustments</u>:</b></h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<div>
</div>
</div>
<div style="font-size: medium; font-weight: normal;">
</div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;"></span></div>
</h2>
<h2 style="clear: both;">
<ul style="font-size: medium; font-weight: normal;">
<li>Jul 1 - Sold 3 x 930 to control VEGA</li>
<li>Jul 3 - Rolled BF up (can't keep delta/vega negative)</li>
<li>Jul 8 - Sold 2 x 970 to protect t+0 upside (30 pts)</li>
<li>Jul 10 - Sold 4 x 970 to control VEGA</li>
<li>Jul 11 - Rolled BF up</li>
<li>Jul 15 - Sold 6 x 1020 to reduce DELTA outside tent</li>
<li>Jul 19 - Sold 4 x 1030 to reduce DELTA outside tent</li>
<li>Jul 25 - Sold 5 x 1030 to reduce DELTA outside tent</li>
<li>Aug 1 - Sold 3 x 1040 to control VEGA</li>
<li>Aug 2 - Rolled BF up</li>
<li>Aug 5 - Sold 4 x 1070 to reduce DELTA inside tent</li>
<li>Aug 6 - Sold 2 x 1070 to reduce DELTA inside tent</li>
<li>Aug 7 - Sold 6 x 1050 to reduce DELTA inside tent</li>
<li>Aug 8 - Exited 8 DTE above MAX PROFIT at <span style="background-color: lime;">+$2746</span></li>
</ul>
<b style="font-size: medium;">Summary:</b><br /><div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;">8 DTE I hit max profit, good trade.</span><br />
<span style="background-color: white;"><br /></span></div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;"> </span>_________________________________________________________________________________<br />
<div>
<br /></div>
</div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<b>Account: Yellow </b><b>2013 Backtesting</b></div>
<div style="font-size: medium; font-weight: normal;">
<br /></div>
</h2>
<h2 style="clear: both;">
<b><u>Trade entry</u>: August 23, 2013</b></h2>
<h2 style="clear: both;">
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div style="font-size: medium; font-weight: normal;">
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9OcVGglT4jW1XZOY2D_h-1Ny6qQnrREKwY5GWZzDUCIMpwCdG2ywott9cf9OKcqmgxLKiA2J8FjuSITgX_NQEdRLigP9COISUtWeBbbo6uk4q8Cpq1dgkuwhLVlxoZOBlqIcJfyajTNOv/s1600/Yellow+Aug+23+2013+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9OcVGglT4jW1XZOY2D_h-1Ny6qQnrREKwY5GWZzDUCIMpwCdG2ywott9cf9OKcqmgxLKiA2J8FjuSITgX_NQEdRLigP9COISUtWeBbbo6uk4q8Cpq1dgkuwhLVlxoZOBlqIcJfyajTNOv/s400/Yellow+Aug+23+2013+-+Entry.PNG" width="355" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
<div class="separator" style="clear: both; font-size: medium; font-weight: normal; text-align: center;">
</div>
</h2>
<h2>
<b><u>Adjustments</u>:</b></h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<div>
</div>
</div>
<div style="font-size: medium; font-weight: normal;">
</div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
<span style="background-color: white;"></span></div>
</h2>
<h2 style="clear: both;">
<div style="font-size: medium; font-weight: normal;">
</div>
</h2>
<h2 style="clear: both;">
<ul style="font-size: medium; font-weight: normal;">
<li>Aug 27 - Sold 4 x 1000 to protect t+0 downside</li>
<li>Aug 29 - Price dropped below 0 line, therefore increasing my adjustment threshold to 1800 to 2000 and Max Loss to 3500.</li>
<li>Sep 9 - Sold 4 x 1010 to reduce DELTA outside tent</li>
<li>Sep 17 - Sold 3 x 1010, 3 x 1020 to control VEGA </li>
<li>Sep 18 - Rolled BF up</li>
<li>Sep 20 - Sold 2 x 1060, 2 x 1070 to protect 25 pts t+0 upside</li>
<li>Sep 24 - Sold 4 x 1070 to protect t+0 25 pts upside</li>
<li>Oct 1 - Sold 2 x 1070, 2 x 1080 to reduce DELTA inside tent</li>
<li>Oct 8 - Sold 6 x 1060, 4 x 1050 to reduce DELTA inside tent (cut positive DELTA by half)</li>
<li>Oct 9 - Exited 9 DTE slightly below MAX PROFIT at +$2294</li>
<li>Oct 9 - Continued trading to 7 DTE</li>
<ul>
<li>Sold 4 x 1050 to reduce DELTA inside tent</li>
</ul>
<li>Oct 10 - Sold 4 x 1070, 6 x 1080 to reduce DELTA inside tent</li>
<li>Oct 11 - Exited 7 DTE below max profit <span style="background-color: lime;">+$338</span></li>
</ul>
<b style="font-size: medium;">Summary:</b><br /><div style="font-size: medium; font-weight: normal;">
<br />
Exited at 9 DTE at a decent profit, but continued trading to realize that its ok to take profits early if I've been constantly battling with a trade. At 7 DTE I exited for a very small profit therefore I should take profits quicker in the last 10 to 7 DTE.<br />
<br />
<br />
<br /></div>
</h2>
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-18855534019738023122016-10-25T20:51:00.003-04:002016-10-25T20:52:42.288-04:00Backtesting 2015 Yellow Trades<b>Account: 2015 Yellow Trades</b><br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Sept 25, 2015</b></h2>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB5t4qQxXiFUQMNVqiVpsdT4l3awCwE27FxmYQQGRBtJJF84qRymFaY2b6Y-85ifFsfo3G6wo6QaPdt-MC0I1x__Qy_DJvg7T49motaQYydy__6T5srct64_BJY_S0TYzK1wnGip3jFzHr/s1600/Yellow+Sept+22+2016.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB5t4qQxXiFUQMNVqiVpsdT4l3awCwE27FxmYQQGRBtJJF84qRymFaY2b6Y-85ifFsfo3G6wo6QaPdt-MC0I1x__Qy_DJvg7T49motaQYydy__6T5srct64_BJY_S0TYzK1wnGip3jFzHr/s400/Yellow+Sept+22+2016.PNG" width="316" /></a></div>
<div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Sep 28 - Sold 5 x 1090 to hedge t+0 downside</li>
<li>Oct 5 - Sold 3 x 1110 to hedge t+0 upside</li>
<li>Oct 15 - Sold 4 x 1120 to reduce DELTA outside tent</li>
<li>Oct 23 - Sold 2 x 1120, 1 x 1130 to reduce DELTA outside tent</li>
<li>Oct 28 - Sold 6 x 1130 to control VEGA</li>
<li>Nov 2 - Rolled BF up</li>
<li>Nov 3 - Sold 3 x 1180, 3 x 1190 to protect t+0 upside</li>
<li>Nov 9 - Exited at max profit of <b style="background-color: #b6d7a8;">+$3203</b></li>
</ul>
<div>
<span style="background-color: #9fc5e8;"><b>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.</b></span><br />
<span style="background-color: #9fc5e8;"><b><br /></b></span>
<span style="background-color: white;"><b>Summary:</b></span><br />
<span style="background-color: white;">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.</span><br />
<span style="background-color: white;"><br /></span>
<span style="background-color: white;">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.</span><br />
<span style="background-color: white;"> </span>_________________________________________________________________________________</div>
<div>
<br />
<b>Account: 2015 Yellow Trades</b><br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Nov 20, 2015</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAKtpKAIKC8PAG51DuJjolzERaQzlUWRmWtTfigoIDTG0iEAzmgNt7aF7E1o-LEwjSYniOumpzIehMzlSqHiYJLuP1iLnQ0uCVHzUFc61Dql1hNozKAQua48VmfGXMLJdUehL96ETpDkb8/s1600/Yellow+Nov+20+2015+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAKtpKAIKC8PAG51DuJjolzERaQzlUWRmWtTfigoIDTG0iEAzmgNt7aF7E1o-LEwjSYniOumpzIehMzlSqHiYJLuP1iLnQ0uCVHzUFc61Dql1hNozKAQua48VmfGXMLJdUehL96ETpDkb8/s400/Yellow+Nov+20+2015+-+Entry.PNG" width="331" /></a></div>
<b><br /></b></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Dec 11 - Sold 7 x 1130 to reduce DELTA inside tent</li>
<li>Dec 14 - Sold 3 x 1120 to reduce DELTA inside tent</li>
<li>Dec 16 - Sold 10 x 1140 to reduce DELTA inside tent</li>
<li>Dec 17 - <b style="background-color: #b6d7a8;">(Could have exited at below max profit +$2430) </b></li>
<li>Dec 18 - Sold 8 x 1130, 2 x 1120 to reduce DELTA inside tent</li>
<li>Dec 21 - Sold 1 x 1120, 1 x 1110 to reduce DELTA inside tent</li>
<li>Dec 22 - Sold 3 x 1140 to protect t+0 upside risk</li>
<li>Dec 23 - Sold 6 x 1140, 1 x 1150 to reduce DELTA inside tent</li>
<li>Dec 28 - Exited at max profit of <b style="background-color: #b6d7a8;">+$2632</b></li>
<li><b style="background-color: #ffe599;">Continued trading to see the trade through to end of month.</b></li>
<li><span style="background-color: white;">Dec 29 - Sold 9 x 1160 to reduce DELTA inside tent.</span></li>
<li><span style="background-color: white;">Dec 30 - Exited at profit of +$2942</span></li>
</ul>
<div style="-webkit-text-stroke-width: 0px; color: black; font-family: "Times New Roman"; font-size: medium; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<div style="margin: 0px;">
<span style="background-color: #9fc5e8;"><b>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.</b></span></div>
<div style="margin: 0px;">
<span style="background-color: #9fc5e8;"><b><br /></b></span></div>
<div style="margin: 0px;">
<span style="background-color: white;"><b>Summary:</b></span></div>
<div style="margin: 0px;">
<span style="background-color: white;">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 <u>below profit target </u>within the first 30 days of the trade. Have faith in the system and myself.</span></div>
<div style="margin: 0px;">
<span style="background-color: white;"><br /></span></div>
<div style="margin: 0px;">
<span style="background-color: white;">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.</span></div>
</div>
</div>
<div>
<br />
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-49976157982735370132016-10-23T20:00:00.002-04:002016-10-24T21:12:02.123-04:00Backtesting 2016 Yellow Trades<b>Account: 2016 Yellow Trades</b><br />
<br />
<h2 style="clear: both;">
<b><u>Trade entry</u>: Jan 22, 2016</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI5giwcmfrcw12h_I1-xWxk6aKjaGjqyg6Ww-L-ITaaJjRQIqfqxJH5KpXyHLr7X_EXYwg_DMjK747Gdj29EDkFr-kOSXHcJidCp5SPiTyMw1S01LKJ1u1QnMTkm_Tfa4wREDF0sCNlO9H/s1600/Yellow+Jan+22+2016+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI5giwcmfrcw12h_I1-xWxk6aKjaGjqyg6Ww-L-ITaaJjRQIqfqxJH5KpXyHLr7X_EXYwg_DMjK747Gdj29EDkFr-kOSXHcJidCp5SPiTyMw1S01LKJ1u1QnMTkm_Tfa4wREDF0sCNlO9H/s400/Yellow+Jan+22+2016+-+Entry.PNG" width="330" /></a></div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Feb 11 - Sold 6 x 970 to reduce DELTA inside tent</li>
<li>Feb 17 - Sold 8 x 980 to protect t+0 upside</li>
<li>Feb 22 - Sold 5 x 990 to reduce DELTA inside edge of tent</li>
<li>Feb 24 - Sold 5 x 990 to reduce DELTA inside edge of tent</li>
<li>Feb 26 - Sold 9 x 1000 & 1 x 1010 to reduce DELTA outside tent</li>
<li>Mar 1 - Sold 9 x 1010 to control VEGA</li>
<li>Mar 2 - Rolled BF up</li>
<li>Mar 3 - Sold 7 x 1060 to reduce DELTA outside tent</li>
<li>Mar 4 - Sold 2 x 1060 to protect t+0 upside</li>
<li>Mar 10 - Exited trade (8 DTE) below profit target + $902</li>
</ul>
<div>
<span style="background-color: #9fc5e8;"><b>New Rule: If the trade has been trending up/down and the position has been a constant fight with a negative PnL for 75% of the trade. Take any positive PnL between 10 - 7 DTE. Survive to trade the next day.</b></span></div>
<div>
_________________________________________________________________________________</div>
<div>
<b>Account: Yellow May 20 2016</b></div>
<div>
<div>
<h2 style="clear: both;">
<b><u>Trade entry</u>: May 20, 2016</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh48A2DXgkQ-le70w7wOs2j55BvHzthLr9KOxGiWEERczxZuiV4-SuAWjhyGYm2-hCuo62r4Bt7zr6OWtrktCnNTpWjFgYgxg6EHxujti65b1HqAcFc6YoRxegkYlg1hEyd5KlMz8T6raeq/s1600/Yellow+May+20+2016+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh48A2DXgkQ-le70w7wOs2j55BvHzthLr9KOxGiWEERczxZuiV4-SuAWjhyGYm2-hCuo62r4Bt7zr6OWtrktCnNTpWjFgYgxg6EHxujti65b1HqAcFc6YoRxegkYlg1hEyd5KlMz8T6raeq/s400/Yellow+May+20+2016+-+Entry.PNG" width="335" /></a></div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>May 25 - Sold 4 x 1080 to control VEGA</li>
<li>May 27 - Rolled BF up</li>
<li>May 31 - Sold 4 x 1130 to protect t+0 upside</li>
<li>There was a volatility hit and my BF's lost some value.</li>
<ul>
<li>Managing to a ABS Max Loss of $4k with 1500 - 2000 threshold</li>
</ul>
<li>Jun 7 - Sold 1 x 1130 to protect t+0 upside</li>
<li>Jun 8 - Rolled BF up (can't keep delta/vega negative)</li>
<li>Jun 9 - Sold 4 x 1150 to protect t+0 downside</li>
<li>Jun 10 - Sold 3 x 1140 to protect t+0 downside</li>
<li>Jun 13 - Sold 2 x 1130 to protect t+0 downside</li>
<li>Jun 17 - Sold 2 x 1120 to protect t+0 downside</li>
<li>Jun 20 - Sold 3 x 1180, 2 x 1190 to protect t+ 0 upside</li>
<li>Jun 22 - Sold 2 x 1120 to protect t+0 downside </li>
<li>Jun 23 - Sold 3 x 1200 to protect t+0 upside</li>
<li>Jun 24 - Rolled BF down (large down move)</li>
<li>Jun 27 - Sold 3 x 1070 to reduce DELTA inside tent</li>
<li>Jun 28 - Sold 2 x 1120, 2 x 1130 to protect t+0 upside</li>
<li>Jun 29 - Sold 1 x 1120, 2 x 1130 to protect t+0 upside (Decided not to flatten my t+0, b/c I want to let my trade inflate back up).</li>
<li>Jun 30 - Sold 2 x 1120, 2 x 1130 to reduce DELTA outside tent</li>
<li>Jul 1 - Sold 2 x 1130, 2 x 1140 to reduce DELTA outside tent</li>
<li>Jul 6 - Sold 3 x 1140 to reduce DELTA outside tent</li>
<li>Jul 7 - Sold 3 x 1140 to reduce DELTA outside tent</li>
<li>Jul 8 - Exited the position 7 DTE above max loss <b style="background-color: #ea9999;">-$3253</b></li>
</ul>
<div>
</div>
</div>
</div>
<div>
<div>
<span style="background-color: #9fc5e8;"><b>Note:</b></span></div>
<div>
<span style="background-color: #9fc5e8;"><b>> If I wait to roll my trades e.g. greater than +20pts above upper wing, then I often times will have to extensively manage my trades. </b></span></div>
<div>
<span style="background-color: #9fc5e8;"><b>>After huge drops in price the RUT will often times bounce up, therefore when looking at DELTA after a huge drop, keep some positive DELTA for the bounce.</b></span></div>
<div>
<span style="background-color: #9fc5e8;"><b><br /></b></span></div>
<div>
<span style="background-color: #9fc5e8;"><b>New Rule: Roll the butterfly when I can't keep delta/vega negative regardless of how many pts above my upper wing they are.</b></span></div>
<div>
<br />
<br />
<div>
_________________________________________________________________________________</div>
<div>
<b>Account: Yellow May 20 2016</b></div>
<div>
<h2 style="clear: both;">
<b><u>Trade entry</u>: July 22, 2016</b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh48A2DXgkQ-le70w7wOs2j55BvHzthLr9KOxGiWEERczxZuiV4-SuAWjhyGYm2-hCuo62r4Bt7zr6OWtrktCnNTpWjFgYgxg6EHxujti65b1HqAcFc6YoRxegkYlg1hEyd5KlMz8T6raeq/s1600/Yellow+May+20+2016+-+Entry.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh48A2DXgkQ-le70w7wOs2j55BvHzthLr9KOxGiWEERczxZuiV4-SuAWjhyGYm2-hCuo62r4Bt7zr6OWtrktCnNTpWjFgYgxg6EHxujti65b1HqAcFc6YoRxegkYlg1hEyd5KlMz8T6raeq/s400/Yellow+May+20+2016+-+Entry.PNG" width="335" /></a></div>
<h2>
<b><u>Adjustments</u>:</b></h2>
<ul>
<li>Aug 5 - Sold 7 x 1180 to control VEGA</li>
<li>Aug 15 - Rolled up BF</li>
<li>Aug 17 - Sold 3 x 1230 to protect t+0 downside</li>
<li>Aug 22 - Sold 3 x 1230 to reduce DELTA inside edge of tent</li>
<li>Aug 23 - sold 4 x 1230 to protect t+0 upside</li>
<li>Aug 30 - Sold 3 x 1240 to control DELTA inside edge of tent</li>
<li>Sep 2 - Sold 1 x 1240, 4 x 1250 to reduce DELTA inside edge of tent</li>
<li>Sep 6 - Sold 2 x 1250 to reduce DELTA inside edge of tent</li>
<ul>
<li><b>Sept 6 - I was at 10 DTE per my previous note from Jan 22, I could have taken a profit here of $2247 (but continued to trade to 7 DTE)</b></li>
</ul>
<li>Sep 7 - Sold 4 x 1250 to reduce DELTA outside tent</li>
<li>Sep 9 - Exited the position 7 DTE less than max loss <b style="background-color: #ea9999;">-$1494</b></li>
</ul>
</div>
</div>
</div>
<div>
<br /></div>
<div>
<h2>
Summary</h2>
After re-trading these positions I've determined that sometimes its inevitable to avoid a loss, even minimize that loss. On the May 20th trade after getting hit with a volatility crush the market makers took value out of my BF's, when I took my trade to less of a loss approximately from -$3500 to -$1953, I should have exited the trade then. In these volatility crush environments its just better to minimize the loss.<br />
<br />
Also, if I've been fighting a trade and spent most of my trade managing a negative PnL, I should exit anywhere between 10 - 7 DTE with a profit, anything above 2k is great, but over $500 is acceptable. Live to trade another day.<br />
<br />
<br />
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com1tag:blogger.com,1999:blog-3399365091539382183.post-18399953261707728862016-10-22T09:12:00.001-04:002016-11-12T12:21:46.237-05:00Results of Backtesting from 2012 - 2016<div class="separator" style="clear: both; text-align: left;">
Here are my backtesting results from 2012 to 2016 (yellow items are below profit target):</div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWvyXDNET3YCJR8Z-ltWQCeLDRnYlZ1ABtgcs2q2fc4uwCfWYIkLS05OT7eyo1xsNYky0yC2d80wZkhpjNUq22D_CKkJABpR6taPxXV3TWWeM7k-wpEeZR3uLzevdVIijkybSYTWy8kQhb/s1600/Backtesting+Detailed+PnL+2012+-+2016.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWvyXDNET3YCJR8Z-ltWQCeLDRnYlZ1ABtgcs2q2fc4uwCfWYIkLS05OT7eyo1xsNYky0yC2d80wZkhpjNUq22D_CKkJABpR6taPxXV3TWWeM7k-wpEeZR3uLzevdVIijkybSYTWy8kQhb/s640/Backtesting+Detailed+PnL+2012+-+2016.png" width="224" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
My next step is to go back over the transactions that had a loss or did not achieve full profit target (+$2500) and review / re-trade those positions (highlighted in yellow).</div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: left;">
Here is my PnL graph showing my monthly PnL in blue and my Cumulative PnL in orange.</div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUtX4PBSgQTHb-FkgDZq5N7TxvJW6V2iv-bdraclpdltZQ2fXOnqq-bXiPGMuF0h1ctdCjdLLrbLKSr1yFSL_ciDfuu5gknMI42GtGfKOHMqJKBXi39xyfBe9TtCGAYm-hdiKSAgBSpm8s/s1600/Backtesting+PnL+2012+-+2016.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="262" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUtX4PBSgQTHb-FkgDZq5N7TxvJW6V2iv-bdraclpdltZQ2fXOnqq-bXiPGMuF0h1ctdCjdLLrbLKSr1yFSL_ciDfuu5gknMI42GtGfKOHMqJKBXi39xyfBe9TtCGAYm-hdiKSAgBSpm8s/s400/Backtesting+PnL+2012+-+2016.png" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-46302394199327963592016-07-22T15:47:00.000-04:002016-10-22T15:47:18.830-04:00Backtesting 2016 - July 22, 2016 Entry<div class="separator" style="clear: both;">
<b>Account: Blog backtesting 2016</b></div>
<div class="separator" style="clear: both;">
On July 22, 2016 the market was up and Average IV was 15.0% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8z77aQPQTEtnnv1u6LKD7V6Z5MnnDZtw0rF2Cuq8SIr6QpfEop9Aep5mo8CNJ0ZJAIEn7OQ10NBQ5dYsPbvt7MnGFRECO6r1JavsncuJfzSWCfp4MaiHtSHIHxJ_WVFCkb7VtphPMU447/s1600/July+22+2016+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8z77aQPQTEtnnv1u6LKD7V6Z5MnnDZtw0rF2Cuq8SIr6QpfEop9Aep5mo8CNJ0ZJAIEn7OQ10NBQ5dYsPbvt7MnGFRECO6r1JavsncuJfzSWCfp4MaiHtSHIHxJ_WVFCkb7VtphPMU447/s400/July+22+2016+-+Market.png" width="341" /></a></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjU0IZG6hIqyZwgmtDka82LZxgJUP3k2LYRvQyt4_7OwDn6CdC6oKRM5tU7hTjS5nql8-L6W5Pj20qeAD7oK_1EbVQ-MSeUXk2tbARXm5OpQwPz_CGwIeCQpLlrJ6huKNKXVngrK-8bWTqg/s1600/July+22+2016+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjU0IZG6hIqyZwgmtDka82LZxgJUP3k2LYRvQyt4_7OwDn6CdC6oKRM5tU7hTjS5nql8-L6W5Pj20qeAD7oK_1EbVQ-MSeUXk2tbARXm5OpQwPz_CGwIeCQpLlrJ6huKNKXVngrK-8bWTqg/s400/July+22+2016+-+Entry.png" width="335" /></a></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Aug 5 - Sold 10 x 1180 to control VEGA</li>
<li>Aug 15 - Rolled BF up</li>
<li>Aug 19 - Sold 6 x 1230 to reduce DELTA inside edge of tent</li>
<li>Aug 29 - Sold 4 x 1230 to reduce DELTA inside edge of tent</li>
<li>Aug 30 - Sold 4 x 1240 to reduce DELTA inside edge of tent</li>
<li>Sept 2 - sold 4 x 1240 and 2 x 1250 to reduce DELTA inside edge of tent</li>
<li>Sept 6 - sold 3 x 1250 to reduce DELTA inside edge of tent</li>
<li>Sept 7 - Sold 5 x 1250 to reduce DELTA outside tent</li>
<li>Sep 9 - Exited the trade 7 DTE at a loss <span style="background-color: red;"><b>- $1337</b></span></li>
</ul>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com1tag:blogger.com,1999:blog-3399365091539382183.post-4849670583488114542016-05-20T10:30:00.000-04:002016-10-22T15:27:27.946-04:00Backtesting 2016 - May 20, 2016 Entry<div class="separator" style="clear: both;">
<b>Account: Blog backtesting 2016</b></div>
<div class="separator" style="clear: both;">
On May 20, 2016 the market was up and Average IV was 17.2% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7_B2MxfvNEYIH_GxZoRMG6YE82xeByfVYPSkTjWmxhWmibtasRld5UzLkUFxkCN0F3rEeClJVnqxX6oGzCMeIh8YZT871Tx3u09rPSnKBE34dOtIZQ39Rie8V55_4RY1ICVOTjGbYEnzp/s1600/May+20+2016+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7_B2MxfvNEYIH_GxZoRMG6YE82xeByfVYPSkTjWmxhWmibtasRld5UzLkUFxkCN0F3rEeClJVnqxX6oGzCMeIh8YZT871Tx3u09rPSnKBE34dOtIZQ39Rie8V55_4RY1ICVOTjGbYEnzp/s400/May+20+2016+-+Market.png" width="337" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYtZ_PNR4Ynn_5n0Nu6nszlr0UXTc0HjLxaDX5q0Z1UOOAj200Qc9wyQ2nIwriYmpHLVJYDdMPfZWyoH_i3rM1ESHC2Lo2X-WhfbRrU_A0aYKNjJMpxyIBqgMuBBNvRo0AGAOwHvHsGdUF/s1600/May+20+2016+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYtZ_PNR4Ynn_5n0Nu6nszlr0UXTc0HjLxaDX5q0Z1UOOAj200Qc9wyQ2nIwriYmpHLVJYDdMPfZWyoH_i3rM1ESHC2Lo2X-WhfbRrU_A0aYKNjJMpxyIBqgMuBBNvRo0AGAOwHvHsGdUF/s400/May+20+2016+-+Entry.png" width="341" /></a></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>May 25 - Sold 6 x 1080 to control VEGA</li>
<li>May 27 Rolled BF up, couldn't keep DELTA and VEGA negative</li>
<li>Had to increase my ABS MAX Loss to $4000 due to volatility hit to my BF's</li>
<li>Jun 7 - Sold 10 x 1130 to control VEGA</li>
<li>Jun 10 - Sold 5 x 1110 to protect t+0 downside</li>
<li>Jun 23 - Sold 5 x 1140 to reduce DELTA outside tent</li>
<li>Jun 24 - Sold 5 x 1130 to protect t+0 downside</li>
<li>Jun 27 - Rolled BF down</li>
<li>Jun 28 - Sold 2 x 1080 and 3 x 1090 to reduce DELTA outside tent</li>
<li>Jun 29 - Rolled BF up</li>
<li>Jun 30 - Sold 5 x 1130 to reduce DELTA outside tent</li>
<li>Jul 1 - Sold 3 x 1130 and 2 x 1140 to reduce DELTA outside tent</li>
<li>Jul 6 - Sold 2 x 1140 to reduce DELTA outside tent</li>
<li>Jul 7 - Sold 3 x 1140 to reduce DELTA outside tent</li>
<li>Jul 8 - Exited the trade 7 DTE at a loss <span style="background-color: red;"><b>- $1906</b></span></li>
</ul>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-16564345403982970182016-03-25T13:17:00.000-04:002016-10-22T15:24:57.982-04:00Backtesting 2016 - Mar 24, 2016 Entry<div class="separator" style="clear: both;">
<b>Account: Blog backtesting 2016</b></div>
<div class="separator" style="clear: both;">
On Mar 24, 2016 this trade was 57 DTE, <b>I entered the trade at this date b/c the correct 56 DTE was "Good Friday" holiday and the markets were closed.</b> On Mar 24, 2016 the market was up and Average IV was 18.8% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDaZqHsecgNcauR8NQIOaSz2OQtDJUE6NU5dmFP3nO00DG_gnlUAB-quUAZiiUNdDHWTZj13_O66pPcXMczFHA2LrjSf6sEfxotxckcSlfk_Tb36Sr6ZuOAxszkAUrCwRDzhBfcVoONzCY/s1600/Mar+24+2016+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDaZqHsecgNcauR8NQIOaSz2OQtDJUE6NU5dmFP3nO00DG_gnlUAB-quUAZiiUNdDHWTZj13_O66pPcXMczFHA2LrjSf6sEfxotxckcSlfk_Tb36Sr6ZuOAxszkAUrCwRDzhBfcVoONzCY/s400/Mar+24+2016+-+Market.png" width="341" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT4NPOwHWtpPt9rEA2P69YeFxlJaw_WLE_adAFjHoZ3fIkTtRQerPFaXmLRXtvzSJIG0rUGRoMxZ4v-6dqi7JJSEy__aw1fnORce9FpRACeXJbxuN2LKdVvwO3Uqxtf5fFRIiKJ5pMSJQG/s1600/Mar+24+2016+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT4NPOwHWtpPt9rEA2P69YeFxlJaw_WLE_adAFjHoZ3fIkTtRQerPFaXmLRXtvzSJIG0rUGRoMxZ4v-6dqi7JJSEy__aw1fnORce9FpRACeXJbxuN2LKdVvwO3Uqxtf5fFRIiKJ5pMSJQG/s400/Mar+24+2016+-+Entry.png" width="337" /></a></div>
<b><u><br /></u></b>
<br />
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Mar 29 - Rolled the position up, couldn't keep VEGA and DELTA negative</li>
<li>Apr 13 - Sold 7 x 1090 to control DELTA outside tent</li>
<li>Apr 19 - Sold 3 x 1090 to control VEGA outside tent</li>
<li>Apr 20 - Sold 5 x 1100 to control VEGA outside tent</li>
<li>Apr 22 - Sold 5 x 1100 to control VEGA outside tent</li>
<li>Apr 26 - Rolled BF up, can't keep DELTA and VEGA negative and RUT was 28 pts above upper wing</li>
<li>Apr 27 - Sold 8 x 1140 to reduce DELTA inside tent</li>
<li>Apr 29 - Sold 5 x 1120 to reduce DELTA inside tent</li>
<li>May 2 - Sold 5 x 1130 to protect t+0 upside</li>
<li>May 3 - Sold 5 x 1110 to reduce DELTA</li>
<li>May 4 - Sold 5 x 1100 to reduce DELTA</li>
<li>May 6 - Exited the trade 14 DTE at Max Profit<b> <span style="background-color: lime;">+ $3339</span></b></li>
</ul>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-57441835186919927962016-01-22T11:28:00.000-05:002016-10-22T13:16:42.739-04:00Backtesting 2016 - Jan 22, 2016 Entry<div class="separator" style="clear: both;">
<b>Account: Blog backtesting 2016</b></div>
<div class="separator" style="clear: both;">
On Jan 22, 2016 the market was up and Average IV was 24.1% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlUo8LZk4C7zP8r-Uu5x5GTGtcm2OmlzdekowxmwQOGA6OTgEiGn4isd_Adcy18bnNDsrqRBCKNG51JCpJP6nz1jQLJ9XeptNUJ_KeWc9Jq_R8p_7Nw81gM0Rx8W1p8s43qhSHLzyQ3aqq/s1600/Jan+22+2016+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlUo8LZk4C7zP8r-Uu5x5GTGtcm2OmlzdekowxmwQOGA6OTgEiGn4isd_Adcy18bnNDsrqRBCKNG51JCpJP6nz1jQLJ9XeptNUJ_KeWc9Jq_R8p_7Nw81gM0Rx8W1p8s43qhSHLzyQ3aqq/s400/Jan+22+2016+-+Market.png" width="355" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjS6h_mQZVcnXcPD5-HP6yZmZByniSX8wKvFZ4tAx5DUhX4u56wwDCZE-YvDwwI3PLdXTQQJDSZuRBqJ8B7J7Qu7TLRTRGXDrlL-RG1iKCax9fatG52SeAMNJepKGUzQw1qmleVCvGryFdf/s1600/Jan+22+2016+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjS6h_mQZVcnXcPD5-HP6yZmZByniSX8wKvFZ4tAx5DUhX4u56wwDCZE-YvDwwI3PLdXTQQJDSZuRBqJ8B7J7Qu7TLRTRGXDrlL-RG1iKCax9fatG52SeAMNJepKGUzQw1qmleVCvGryFdf/s400/Jan+22+2016+-+Entry.png" width="341" /></a></div>
<b><u><br /></u></b>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Feb 8 - Rolled BF down b/c of a two days of down moves and controlling DELTA </li>
<li>Feb 11 - Sold 10 x 930 to control DELTA inside tent</li>
<li>Feb 17 - Sold 5 x 950 & 5 x 960 to control VEGA outside tent</li>
<li>Feb 22 - Rolled BF up b/c can't keep DELTA and VEGA negative and RUT is 31 pts above upper wing</li>
<li>Feb 24 - Sold 7 x 1000 to protect t+0 upside</li>
<li>Feb 26 - Sold 3 x 1000 to proteect t+0 upside</li>
<li>Feb 29 - Sold 5 x 1010 to control DELTA outside tent and upside t+0 risk</li>
<li>Mar 1 - Sold 5 x 1010 to control VEGA</li>
<li>Mar 2 - Rolled BF up, can't keep DELTA and VEGA negative</li>
<li>Mar 3 - Sold 5 x 1060 to control DELTA</li>
<li>Mar 10 - Sold 4 x 1060 to control DELTA </li>
<li>Mar 11 - Exited the trade 7 DTE at a loss <span style="background-color: red;"><b>- $413</b></span></li>
</ul>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com1tag:blogger.com,1999:blog-3399365091539382183.post-57466190871681624232015-11-20T15:44:00.000-05:002016-10-11T10:41:05.581-04:00Backtesting 2015 - Nov 20, 2015 Entry<div class="separator" style="clear: both;">
On November 20, 2015 the market was up and Average IV was 16.3% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEielwKln33ETJXhvnjzXi4beAb-1rBlIrBFxMF80bQ91xXwwoqAQH67TRcFWaPVsLwtRoWUfQEMoA6OXohwnKTnQywXHB9Y8qHMUGvlk6a6YM0pzzguEIF6yquyq3aRDfIrLMdkCV0wR_1P/s1600/Nov+20+2015+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEielwKln33ETJXhvnjzXi4beAb-1rBlIrBFxMF80bQ91xXwwoqAQH67TRcFWaPVsLwtRoWUfQEMoA6OXohwnKTnQywXHB9Y8qHMUGvlk6a6YM0pzzguEIF6yquyq3aRDfIrLMdkCV0wR_1P/s400/Nov+20+2015+-+Market.png" width="332" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgswr71fMo3nRPf7MqrOkCTXRZSvmc0y-x6U6DSo4A9VwWPQ8lK1lS1o04R7YUkzu2sCQ3yX3My4weIYySltMLctUDJGmZj5rX4PscWAz-elDLCI_cmlkODhyDR0uOO6GwBX-FRdGlI1L1K/s1600/Nov+20+2015+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgswr71fMo3nRPf7MqrOkCTXRZSvmc0y-x6U6DSo4A9VwWPQ8lK1lS1o04R7YUkzu2sCQ3yX3My4weIYySltMLctUDJGmZj5rX4PscWAz-elDLCI_cmlkODhyDR0uOO6GwBX-FRdGlI1L1K/s400/Nov+20+2015+-+Entry.png" width="341" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Dec 9 - Exited the trade slightly lower than Max Profit target at <span style="color: #38761d; font-weight: bold;">+$2419</span></li>
<ul>
<li><b>Exited the trade b/c it was within +/- $100 of my target and I had no adjustments to the trade.</b></li>
</ul>
</ul>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<span style="color: #38761d;"><b><br /></b></span></div>
<div>
<span style="color: #38761d;"><b><br /></b></span></div>
<br />
<div>
</div>
<br />
<div style="-webkit-text-stroke-width: 0px; color: black; font-family: "Times New Roman"; font-size: medium; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: normal; letter-spacing: normal; margin: 0px; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-26852447345130800192015-09-25T15:11:00.000-04:002016-10-25T18:20:33.045-04:00Backtesting 2015 - Sep 25, 2015 Entry<div class="separator" style="clear: both;">
On September 25, 2015 the market was down and Average IV was 21.2% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkGrPv1uIVmZ14RQePk_v_D_0l8F5r9JN85iCIO82ABCz3eiGKpj4CX4bdRbj58ucy5MYEPKlRQ_mg44wVUPXPfv2PHtgK-JF_Zfy5df4CFTtSXBrEVDsZLG5eBeyFZL-ARvoxuvQ4e-YF/s1600/Sep+25+2015+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkGrPv1uIVmZ14RQePk_v_D_0l8F5r9JN85iCIO82ABCz3eiGKpj4CX4bdRbj58ucy5MYEPKlRQ_mg44wVUPXPfv2PHtgK-JF_Zfy5df4CFTtSXBrEVDsZLG5eBeyFZL-ARvoxuvQ4e-YF/s400/Sep+25+2015+-+Market.png" width="332" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaB40ayS4CY0vuM8aIoWQO8QVb1mQRQCh8mYulGIID7DowgZsQgqAu8awIIjrMw0Z4JSutcpHX756AMOyIhISdziDimi8mi7BuRilKnKcJ4DucrBdCNUNO5CjLWG1V8rG0gsg_QGo6u1LU/s1600/Sep+25+2015+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaB40ayS4CY0vuM8aIoWQO8QVb1mQRQCh8mYulGIID7DowgZsQgqAu8awIIjrMw0Z4JSutcpHX756AMOyIhISdziDimi8mi7BuRilKnKcJ4DucrBdCNUNO5CjLWG1V8rG0gsg_QGo6u1LU/s400/Sep+25+2015+-+Entry.png" width="353" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Risk graph:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqzMhFJr_nx_-nJj-_d1geEWB3WHlXksroNq2n0IiI3z5ZLuhiT1zXBiZoQl4-DWZ4RSkwnTsYLnbLbGwjnfag2_c2Hkx_hUHXvgWHsCAFkGi7j1vHAssRTJZdksrAoHcoJIXHGjAJdmF-/s1600/Sep+25+2015+-+Risk+Graph.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqzMhFJr_nx_-nJj-_d1geEWB3WHlXksroNq2n0IiI3z5ZLuhiT1zXBiZoQl4-DWZ4RSkwnTsYLnbLbGwjnfag2_c2Hkx_hUHXvgWHsCAFkGi7j1vHAssRTJZdksrAoHcoJIXHGjAJdmF-/s400/Sep+25+2015+-+Risk+Graph.png" width="271" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Sep 28 - Sold 6 x 1090 Put Verticals to protect t+0 downside risk</li>
<li>Sep 29 - Sold 3 x 1080 Put Verticals to protect t+0 downside risk</li>
<li>Sep 30 - Sold 1 x 1120 Put Verticals to protect t+0 upside risk</li>
<li>Oct 5 - Sold 2 x 1120 Put Verticals to protect t+0 upside risk</li>
<li>Oct 15 - Sold 2 x 1130 Put Verticals to protect t+0 upside risk</li>
<li>Oct 23 - Sold 2 x 1130 Put Verticals to protect t+0 upside risk</li>
<li>Oct 28 - Sold 2 x 1140 Put Verticals to protect t+0 upside risk</li>
<li>Nov 2 - Rolled the BF up 50 pts</li>
<ul>
<li>Split the Short side of the BF into 10 x 1160, 5 x 1170, 5 x 1190 to protect t+0 upside risk</li>
</ul>
<li>Nov 6 - Sold 4 x 1180 and 1 x 1200 to hedge upside t+0 risk</li>
<li>Exited the trade slightly lower than Max Profit target at <span style="color: #38761d; font-weight: bold;">+$2136 </span><span style="color: #38761d;"><b>(b/c I was running out of runway with 9 DTE combined with high Gamma risk)</b></span><span style="color: #38761d; font-weight: bold;"> </span></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqOj1wnQHzsO-m88phoZMyjmoSDSP4r-af6lPhuP-R_Rd-aoBX2UGCKLd8rsEA44SWeqrdD63HRFJwUbsN-Mp9_uHjI97BIlK86RQCNqRHi9_5ai4IobjX1p9nmADm5rDZsLjtx6JdPvTA/s1600/Sep+25+2015+-+Exit.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="253" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqOj1wnQHzsO-m88phoZMyjmoSDSP4r-af6lPhuP-R_Rd-aoBX2UGCKLd8rsEA44SWeqrdD63HRFJwUbsN-Mp9_uHjI97BIlK86RQCNqRHi9_5ai4IobjX1p9nmADm5rDZsLjtx6JdPvTA/s400/Sep+25+2015+-+Exit.jpg" width="400" /></a></div>
<div>
<span style="color: #38761d;"><b><br /></b></span></div>
<div>
<span style="color: #38761d;"><b><br /></b></span></div>
<br />
<div>
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com2tag:blogger.com,1999:blog-3399365091539382183.post-84260293134278238212015-08-21T23:41:00.000-04:002016-10-11T10:40:40.542-04:00Backtesting 2015 - Aug 21, 2015 Entry<div class="separator" style="clear: both;">
On August 21, 2015 the market gapped down and Average IV was 22.0% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUGHaM1aREW58_m1yvwSY4tRymH7ozoqHzKkzFG2o_lomDqq-ZGKPU8nGVmzlAvVlk0c1cOekMhbL2zQlL6mKlKdnSkhoduG4Af-pDpGiRTojbN4F1oI5BjDUhtICoRCdWPcI4XH2MJ3Pg/s1600/Aug+21+2015+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUGHaM1aREW58_m1yvwSY4tRymH7ozoqHzKkzFG2o_lomDqq-ZGKPU8nGVmzlAvVlk0c1cOekMhbL2zQlL6mKlKdnSkhoduG4Af-pDpGiRTojbN4F1oI5BjDUhtICoRCdWPcI4XH2MJ3Pg/s400/Aug+21+2015+-+Market.png" width="361" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxZcNQkR8W-GMLO6pUJNeyP04kT2wiI-WjeRdSBoIwP2CZ8Z29mNPzXWTYNJ38-xJ4-eYqmq8lNjYaFTU63D_1HV9Xel8xlFb75q_S0QV-LJFOP45yQHyeXRLCkfDDpdPosL5vHFUa4qUu/s1600/Aug+21+2015+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxZcNQkR8W-GMLO6pUJNeyP04kT2wiI-WjeRdSBoIwP2CZ8Z29mNPzXWTYNJ38-xJ4-eYqmq8lNjYaFTU63D_1HV9Xel8xlFb75q_S0QV-LJFOP45yQHyeXRLCkfDDpdPosL5vHFUa4qUu/s400/Aug+21+2015+-+Entry.png" width="345" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Risk graph:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJCJEz33iIqSAXs0P2affBSj_N7XESTXJ1nEokeGUUwdudS26Z4iLBPWKXcQIThWswsJPHuPchcyeyrUgQQR9-ONGzsVa9ykxliT-GKRkiR7uJduGnK1Q3G-lLpCAn-1sb0xNL-NomQtz1/s1600/Aug+21+2015+-+Risk+Graph.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJCJEz33iIqSAXs0P2affBSj_N7XESTXJ1nEokeGUUwdudS26Z4iLBPWKXcQIThWswsJPHuPchcyeyrUgQQR9-ONGzsVa9ykxliT-GKRkiR7uJduGnK1Q3G-lLpCAn-1sb0xNL-NomQtz1/s400/Aug+21+2015+-+Risk+Graph.png" width="266" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Aug 24 – That was a sharp down move of -46.60 pts, this volatility hit resulted in market makers taking the price out of my butterflies. As a result my absolute loss (ABS Loss) was increase to -$4000</li>
<ul>
<li>As a result of an increase in ABS Loss, my threshold when assessing t+0 line will be $1500 - $2000</li>
<li>Bought 5 x 1120 and Sold 5 x 1110 Put Verticals to protect my t+0 downside risk</li>
</ul>
<li>Sep 11 - Bought 5 x 1110 and Sold 5 x 1140 Put Verticals to protect my t+0 upside risk, my t+0 was starting to sag and I decided to flatten it out</li>
<li>Sep 23 - Exited at Max Profit of <b><span style="color: #38761d;">+$2825</span></b></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgygmFEOqZRGQgrrY57pVdZQWvYqloTqBOm3l4EiAK2erdAMYV06QnRXtBoztVnt7IVAnQ1r7olpK6wz-pHMxcXqccfo_UrSusEW95kgtnMWGF6RnrOgz6IC5YMYtHUTT2KO906i-vI7IzJ/s1600/Aug+21+2015+-+Exit.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgygmFEOqZRGQgrrY57pVdZQWvYqloTqBOm3l4EiAK2erdAMYV06QnRXtBoztVnt7IVAnQ1r7olpK6wz-pHMxcXqccfo_UrSusEW95kgtnMWGF6RnrOgz6IC5YMYtHUTT2KO906i-vI7IzJ/s400/Aug+21+2015+-+Exit.png" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<h2>
Video Recap of Trade</h2>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/PUmujjy2Cfc/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/PUmujjy2Cfc?feature=player_embedded" width="320"></iframe></div>
<br />
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-4149801650529268242015-07-24T21:20:00.000-04:002016-10-11T10:40:21.337-04:00Backtesting 2015 - July 24, 2015 Entry<div class="separator" style="clear: both;">
On July 24, 2015 the market gapped down and Average IV was 14.8% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8OBnhOwHWkgXaW0z1OCeMm68BqBLv8I3T32FzB9BCiPOzxDo7FJ5BLMZ4e9MpVs4IXe5SXVFM71jyusap2dkguzisaTsWCVuchcNPfaXX0HeKv2br9X9-_xEWQKBKESEcZanMrX4aqQzs/s1600/July+24+2015+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8OBnhOwHWkgXaW0z1OCeMm68BqBLv8I3T32FzB9BCiPOzxDo7FJ5BLMZ4e9MpVs4IXe5SXVFM71jyusap2dkguzisaTsWCVuchcNPfaXX0HeKv2br9X9-_xEWQKBKESEcZanMrX4aqQzs/s400/July+24+2015+-+Market.png" width="348" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgquGV_mJ6rSaxJmg3J2BNxgRMnPjw3MEFrhGSHDx3qqnO2YLzxjOelrnQP5UKXeDsFnltHEU9-sW3sAcH9Vhi33-TCJ-6ezSW6i36fVxTKDZJYKb9YtrZKZj_rH2Mjv5ovdVkKyHrldOfV/s1600/Jul+24+2015+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgquGV_mJ6rSaxJmg3J2BNxgRMnPjw3MEFrhGSHDx3qqnO2YLzxjOelrnQP5UKXeDsFnltHEU9-sW3sAcH9Vhi33-TCJ-6ezSW6i36fVxTKDZJYKb9YtrZKZj_rH2Mjv5ovdVkKyHrldOfV/s400/Jul+24+2015+-+Entry.png" width="356" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Risk graph:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaImqTR1ZYbBsIK2FLmAD7BNfmdM_lHeAFPNRYcVn0_JEKL4yKwNMv7dbeN0YhvOZBv09ggVmwx4UGbBjOLKnhfpYaxFAiGOs1UlQsItw5Wqsfeh4CfkNJGCOQAXhWvdNphC2pu2VxSwZL/s1600/Jul+24+2015+-+Risk+Graph.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaImqTR1ZYbBsIK2FLmAD7BNfmdM_lHeAFPNRYcVn0_JEKL4yKwNMv7dbeN0YhvOZBv09ggVmwx4UGbBjOLKnhfpYaxFAiGOs1UlQsItw5Wqsfeh4CfkNJGCOQAXhWvdNphC2pu2VxSwZL/s400/Jul+24+2015+-+Risk+Graph.png" width="286" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Aug 7 - Exited at Max Profit of <b><span style="color: #38761d;">+$2611</span></b></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoSLK7PIT5kUpJN4MMy0oTJ7pJqkqIwS_knmm2ZGiTCVUoDW9A8AFey8OYKPkW2plW88E0o0OeIinnROLXZJ62eHKoFV9A71frB-sV6RyB3ZryuX8kqeQqW6mDYyHTqTFUgcyGUVALvWeE/s1600/Jul+24+2015+-+Exit.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhoSLK7PIT5kUpJN4MMy0oTJ7pJqkqIwS_knmm2ZGiTCVUoDW9A8AFey8OYKPkW2plW88E0o0OeIinnROLXZJ62eHKoFV9A71frB-sV6RyB3ZryuX8kqeQqW6mDYyHTqTFUgcyGUVALvWeE/s400/Jul+24+2015+-+Exit.png" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
<h2>
Video Recap of Trade</h2>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/01PSDUp_ey4/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/01PSDUp_ey4?feature=player_embedded" width="320"></iframe><br />
<br />
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-61157521226107251562015-06-27T14:48:00.000-04:002016-10-11T10:39:03.998-04:00Backtesting 2015 - Jun 26, 2015 Entry (2nd attempt with adjustment on Jul 8)<div class="separator" style="clear: both;">
On June 26, 2015 the market had a the past 3 days down at 1282 and Average IV was 14.7% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjxV8buaY4aQoUqZSJ837WJKS-rUGIEsLcKO88gKEN0cQ0WhnggMFohM1Zhj68F1K-eHrwwkbW72TvvF4Y1wW2T5ADEZv-xrCPSY0u9bg9q95WB_PhOxiguhAav538Eu7m9SdR_uPoGtgL/s1600/June+26+2015+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjxV8buaY4aQoUqZSJ837WJKS-rUGIEsLcKO88gKEN0cQ0WhnggMFohM1Zhj68F1K-eHrwwkbW72TvvF4Y1wW2T5ADEZv-xrCPSY0u9bg9q95WB_PhOxiguhAav538Eu7m9SdR_uPoGtgL/s400/June+26+2015+-+Market.png" width="333" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-Fj4l6phMoOfLMbb8QWgghTywZVYcNqCv64sZXag59A3hASCR3duKrQAlMaHA7WLCBg6QSS6ryYejZtS9lN6eagYGno5VrOnPoB0ql4YD2ltBpsHonkxNJW4JckZ6K1bkF8vPFQVMchzR/s1600/Jun+26+2015+-+Entry+v2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-Fj4l6phMoOfLMbb8QWgghTywZVYcNqCv64sZXag59A3hASCR3duKrQAlMaHA7WLCBg6QSS6ryYejZtS9lN6eagYGno5VrOnPoB0ql4YD2ltBpsHonkxNJW4JckZ6K1bkF8vPFQVMchzR/s400/Jun+26+2015+-+Entry+v2.png" width="360" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Risk graph:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4JDlVptt6U5O4_eOXRVUSmoR6Lan1BYjS1WzBod6lxbzRr3pikG_Y9XK3qGnQoeyNOGJkqqLXAVdv7uhmcZIRhpM100ojkrNBp850IUPaaTD4VPX_nTYWCYGZ-NspEzonZZGk-oSYTIHb/s1600/Jun+26+2015+-+Risk+Graph.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4JDlVptt6U5O4_eOXRVUSmoR6Lan1BYjS1WzBod6lxbzRr3pikG_Y9XK3qGnQoeyNOGJkqqLXAVdv7uhmcZIRhpM100ojkrNBp850IUPaaTD4VPX_nTYWCYGZ-NspEzonZZGk-oSYTIHb/s400/Jun+26+2015+-+Risk+Graph.png" width="265" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Jun 29 - There was a sharp down move of -28 pts, this volatility hit resulted in market makers taking the price out of my butterflies. As a result my absolute loss (ABS Loss) was increase to -$4000</li>
<ul>
<li>As a result of an increase in ABS Loss, my threshold when assessing t+0 line will be $1500 - $2000</li>
<li>Bought 5 x 1250 and Sold 5 x 1240 to protect my t+0 downside risk</li>
</ul>
<li><span style="color: red;">Jul 8 - RUT dropped 21.30 pts down and I decided to roll the BF down 50 pts to protect my t+0 downside risk</span></li>
<li>Jul 13 - Bought 10 x 1200 and Sold 10 x 1210 to control positive VEGA </li>
<li>Jul 14 - Rolled the BF up 40 pts b/c RUT price was 23 pts above my upper wing</li>
<ul>
<li>Bought 10 x 1240 and Sold 10 x 1250 to protect my t+0 upside risk</li>
</ul>
<li>Jul 22 - Exited trade at Max Profit <b><span style="color: #38761d;">+$3078</span></b></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjOHipBCpFnYDVHdnUsKyIVsOnxlsFGNVv9GAaw9nbMcNAd6ja7qYRPKJluJZbEa-oI_uQAIEnvlaZeF_pRvVdBcHtEuPgsjPQUgwk3bZurrMLjK42dG5EXlHhij_3JJT2Coqa_GffIUa_/s1600/Jun+26+2015+-+Exit+v2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="261" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjOHipBCpFnYDVHdnUsKyIVsOnxlsFGNVv9GAaw9nbMcNAd6ja7qYRPKJluJZbEa-oI_uQAIEnvlaZeF_pRvVdBcHtEuPgsjPQUgwk3bZurrMLjK42dG5EXlHhij_3JJT2Coqa_GffIUa_/s400/Jun+26+2015+-+Exit+v2.png" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
</div>
<br />
<h2>
Video Recap of Trade</h2>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/Ugl6UH0FDBU/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/Ugl6UH0FDBU?feature=player_embedded" width="320"></iframe></div>
<div>
<br /></div>
<br />
<div style="-webkit-text-stroke-width: 0px; color: black; font-family: "Times New Roman"; font-size: medium; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: normal; letter-spacing: normal; margin: 0px; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
<br /></div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0tag:blogger.com,1999:blog-3399365091539382183.post-3820965232245225392015-06-26T20:33:00.000-04:002016-10-11T10:38:26.766-04:00Backtesting 2015 - Jun 26, 2015 Entry<div class="separator" style="clear: both;">
On June 26, 2015 the market had a the past 3 days down at 1282 and Average IV was 14.7% at the time of entry around 10:30am.</div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjxV8buaY4aQoUqZSJ837WJKS-rUGIEsLcKO88gKEN0cQ0WhnggMFohM1Zhj68F1K-eHrwwkbW72TvvF4Y1wW2T5ADEZv-xrCPSY0u9bg9q95WB_PhOxiguhAav538Eu7m9SdR_uPoGtgL/s1600/June+26+2015+-+Market.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjxV8buaY4aQoUqZSJ837WJKS-rUGIEsLcKO88gKEN0cQ0WhnggMFohM1Zhj68F1K-eHrwwkbW72TvvF4Y1wW2T5ADEZv-xrCPSY0u9bg9q95WB_PhOxiguhAav538Eu7m9SdR_uPoGtgL/s400/June+26+2015+-+Market.png" width="333" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Trade entry:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_LHibhd9eSgUnfY4yqV3MtT086OIwiQUULNy-m8hDjcrXUJ0GuZds2F84IQjOsF-CQ6pbC3hkDANYS0Clmfp6sDooKeNxsX_dJI9Qf_MO_5ytYENRECO3rCwmhxWwf-QCnTJpwsQ1hLL4/s1600/Jun+26+2015+-+Entry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_LHibhd9eSgUnfY4yqV3MtT086OIwiQUULNy-m8hDjcrXUJ0GuZds2F84IQjOsF-CQ6pbC3hkDANYS0Clmfp6sDooKeNxsX_dJI9Qf_MO_5ytYENRECO3rCwmhxWwf-QCnTJpwsQ1hLL4/s400/Jun+26+2015+-+Entry.png" width="357" /></a></div>
<div class="separator" style="clear: both;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both;">
<br /></div>
<h2 style="clear: both;">
<b><u>Risk graph:</u></b></h2>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4JDlVptt6U5O4_eOXRVUSmoR6Lan1BYjS1WzBod6lxbzRr3pikG_Y9XK3qGnQoeyNOGJkqqLXAVdv7uhmcZIRhpM100ojkrNBp850IUPaaTD4VPX_nTYWCYGZ-NspEzonZZGk-oSYTIHb/s1600/Jun+26+2015+-+Risk+Graph.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4JDlVptt6U5O4_eOXRVUSmoR6Lan1BYjS1WzBod6lxbzRr3pikG_Y9XK3qGnQoeyNOGJkqqLXAVdv7uhmcZIRhpM100ojkrNBp850IUPaaTD4VPX_nTYWCYGZ-NspEzonZZGk-oSYTIHb/s400/Jun+26+2015+-+Risk+Graph.png" width="265" /></a></div>
<div class="separator" style="clear: both; text-align: left;">
<br /></div>
<h2>
<b><u>Adjustments:</u></b></h2>
<ul>
<li>Jun 29 - There was a sharp down move of -28 pts, this volatility hit resulted in market makers taking the price out of my butterflies. As a result my absolute loss (ABS Loss) was increase to -$4000</li>
<ul>
<li>As a result of an increase in ABS Loss, my threshold when assessing t+0 line will be $1500 - $2000</li>
<li>Bought 5 x 1250 and Sold 5 x 1240 to protect my t+0 downside risk</li>
</ul>
<li><span style="color: red;"><strike>Jul 8 - RUT dropped 21.30 pts down and I decided to roll the BF down 50 pts to protect my t+0 downside risk </strike><b><<< I did not end up doing this adjustment, </b></span><b style="color: red;">I went back after 4 days forward and decided not to do this and see how the trade panned out</b></li>
<ul>
<li><span style="color: red;"><b>What made me consider doing this was the fact that I was within my Greek measurements but RUT was down hard that day and I couldv'e stayed in the trade. I don't know if this was a smart thing to do while backtesting.</b></span></li>
<li><span style="color: red;"><b>Going to re-trade this WITH making the Jul 8th adjustment</b></span></li>
</ul>
<li>Jul 14 - Bought 5 x 1250 and Sold 5 x 1260 to control high DELTA inside edge of tent</li>
<li>Jul 16 - Exited trade at Max Profit <b><span style="color: #38761d;">+$3010</span></b></li>
</ul>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLF5fspYqq_dO5FtHci9R1XfHhutvBkF29t0PZ7Dc5ixgTfFRHnxK-ePgnFmpkZgop5qubKp1LjuI2tyPryYp9d6klhO_j_me4Kcdc4wd5STaqrcMUSCNOiFGLayGIbyui5SmF_bUPkfLi/s1600/Jun+26+2015+-+Exit.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLF5fspYqq_dO5FtHci9R1XfHhutvBkF29t0PZ7Dc5ixgTfFRHnxK-ePgnFmpkZgop5qubKp1LjuI2tyPryYp9d6klhO_j_me4Kcdc4wd5STaqrcMUSCNOiFGLayGIbyui5SmF_bUPkfLi/s400/Jun+26+2015+-+Exit.png" width="400" /></a></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div>
</div>
<h2 style="background-color: white; color: #666666; font-family: "Trebuchet MS", Trebuchet, Verdana, sans-serif; font-size: 22px; margin: 0px; position: relative;">
Video Recap of Trade</h2>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/Noaoj7lArug/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/Noaoj7lArug?feature=player_embedded" width="320"></iframe></div>
<div>
<br /></div>
<br />
<div style="font-family: "times new roman"; margin: 0px;">
</div>
<br />
<div class="separator" style="-webkit-text-stroke-width: 0px; clear: both; color: black; font-family: "Times New Roman"; font-size: medium; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: normal; letter-spacing: normal; margin: 0px; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">
</div>
Stratatraderhttp://www.blogger.com/profile/15269379609613988957noreply@blogger.com0