FIRE SAMURAI

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...

I am starting a series of articles to update my latest journey, the emotions I have been feeling, current state of mind, mistakes I've made and also things I did right and should continue doing. Basically a self-reflection of my investing and trading journey so far - more like a journal. I have been profiting lately using a Sell Put Spread on SPY strategy (link here ) for the past 2 months. However it really has been a roller coaster ride as usually on the final week for each month, there had been a huge spike in volatility which caused a lot of uncertainty in the market. For these 2 months I have been fortunate enough to escape without incurring losses since I took profit manually a few days before VIX spiked up (at around 50-70% profit, days before the last trading day off the month. ) For the month of February I continued my strategy by opening a Sell Put Spread for SPY on the first week of Feb 2021 and collected a premium $3.30. I closed this position on 24th Feb 2021 when it ...