FIRE SAMURAI

  I am currently using Linear Regression Channels in ThinkOrSwim (TOS) to try to time when I should enter my options trades. I have that added into my TOS chart and I am now trying to improve myself using this tool. Linear Regression Channels are a great way to identify potential key levels of future price action by graphing the normal distribution of a trend.  Two points on a trend are chosen, generally at the beginning of the trend and the end of the trend. W hen the two points on the chart are chosen, the normal distribution of the dataset is calculated between the two chosen points and displayed in the form of a linear regression channel. The center line in this channel is the Linear Regression Line or Mean, and the upper and lower lines are the Upper and Lower standard deviations from the mean as set in the tool’s settings (default settings are +2 and -2 standard deviations from the mean). I usually uuse +1,-1 (50) and +2, +2 (100) in TOS.  The correlation of this li...

The month of March2021 had been a rather rough month for me. I lost 100% in my Sell Put strategy for SPY due to the crazy volatility caused by the 10 year yield scare. I have since adjusted my Stop Loss to be triggered at 250% instead to avoid being stopped out from price volatility. I closed my PEPSI sell put option by manual cut loss 21 days before  expiration which ended up bring profitable if I didn't cut early...another reason to stick with the original game plan instead of tweaking my exit plan halfway after entering the trade. I just realized 100% losses from my bull put strategy on APPLE and JNJ.   The losses was a bit hard to take and do I decided to take more risks by not sticking with my game plan for my overall trading strategy and added more options trades which did not follow my rules and went beyond my trading size. Once such trade is I did a SELL Iron Condor on Facebook when it was trading at $260. I looked at the chart and saw it was in middle a strong Re...