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Saturday, January 21, 2017

Weekly Trade Summary: Jan 15-21

I was planning to enter a new SPX trade in the Mar-24 expiration this week, but this option chain did not become available. This week three closing trades were executed and no new trades were opened:

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The corresponding entries for the three trades that were closed are shown below:

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All three trades that were closed were 3-lots, all expiring in March.

Eight trades have been closed this year...all profitable.  Based on the statistics for these trades, I'm long overdue for a losing trade.  The butterfly that I am trading has historically been in the 75% win rate range.

I currently have three trades open.  One expires on Feb 3, and the other two expire in March or later. The two longer dated trades are non-core trades...active experiments.

Total defined risk for my three open trades is currently 14.2% of the account net liquidation value. This is quite a bit lower than I would like, with too much capital being underutilized at this time. All three trades will profit if the market moves down. The two non-core trades are using 9.3% of the account net liquidation value. The Feb 3 trade is using 4.9% of the account net liq, and would normally be closed by now, but will perform well if the market drops 2% to 4% by Feb 3.


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2 comments:

Henrik Santander said...

Thx for sharing your trades and research Dave. Your site has become a must follow for me. I just added you to my blog roll over at the-lazy-trader.com for people to learn and come to this useful sight.
LT

Dave R. said...

Thanks Henrik...truly appreciate the kind words. I've been following your site for a while and appreciate the transparency in your trading. I've reciprocated and added your site to my blog roll as well.

Thanks again,
Dave

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