Couldn’t post these due to my other real job.
#vxxgame:
STO Feb2 UVXY 27 put strike @.40
STO Feb ’16 SVXY 45 call @.60
STO Mar 1 UVXY 23 put @.65
STO Feb2 UVXY 29 put @.65
BTC Jan5 UVXY 82 call @.18-Probably would expire worthless, but nice two day gain and in this market I choose to error on the side of caution and take it when I have the nice gain.
BTC Feb1 25 put @.06
#miners
STO DUST Feb4 12 put @.55 I now have equal calls and puts on both sides for February.
#psychology
I just wanted to comment on what I feel is the most important part of trading and that is psychology. Hopefully this spurs a continued theme here whereby we can notice certain traits with each other and help with self-coaching in this area as it can make you or break you as a long term and profitable trader.
My 3 main areas I am focusing on as strengths and weaknesses right now:
- Position sizing-Strength – I have made some erroneous trades this last year and what has saved me is my position sizing based on my rules per my account size
Goal-Continue with proper position sizing going forward
2. Discipline-Big Weakness- This is an area whereby I need to really focus my self-coaching. I make impulsive direction trades sometimes that are based on “gut” and not a plan or a setup.
Goal: I’ve started to create a set of daily trading plans using Evernote on my phone (Since most of my trades are via phone due to work) The plan includes If/Than statements same as an Algo would have setup in a trading strategy.
3. Stop/loss– Moderate weakness- Sometimes I have good stops and sometimes I let it go too far taking a larger loss than I should before an adjustment.
Goal-Write a plan for each month in my #vxxgame #miners and #/esfutsoptions of what my stops are targets are for each position.
Jeff and everyone,
I hope I did not clutter the site too much with this post and want to keep a continued #tag going on various #psychology self-coaching cues and strategies that could benefit everyone.
Enjoy your weekend!
Options Bistro 