Hi all! It’s been a while since my last blog post for the year of 2016. Now the end of year is just around the corner, it’s time for some resolution for the next year.
For next year 2017, I’d like to start more complete trading journal for an account that starts with US$ 5,000 balance. I’ll use cash secured puts, covered calls, credit spread, debit spreads, and some other strategies. Basically, I’ll cover some reasoning behind my trades and strategy selection, plus the timing of the execution.
For the year of 2016, my result has been positive wih lots of ups and downs but in the end I managed to stay on the positive at the end of the trading year.
One lesson I learned, you must stay calm and avoid too agressive position when you had some successful trades. Even with trade adjustments, you might not be able to recoup all your lost. It’s much better if you cut your trade and stop trading for a while. You don’t have to always be in a position to be profitable at the end of the year.
Happy new year 2017!
See you next year.
PS: I’m adding book reviews and data analysis coding using Python as well.