Is it just me or have you been absolutely killing it lately? Any trades going against you?
Yes - lost on playing around last Friday with buying puts and calls near the money - around $600 lost.
Couple of weeks before that - a Collar I got into went against me and I took the loss on both sides - but I just closed it out for the loss.
Didn't try to roll or get fancy.
I think that has helped me a lot this year because I'm not trying to fix something - I saw what I thought was a good position, it wasn't and I move on to look for a different position.
This makes sure that every position I go into is a new position with a fresh outlook instead of trying to fix something.
Other than that - no. (not sure if there is a cross your fingers emoji?)
Just staying small - largest position (other than shares and leaps) are 15-20 contracts - most positions are 10 contracts.
Gives me the bravado to get close when I think the momentum is going my way and leaves lots of room to fix things.
Not a chart or TA guy but I keep an eye on the BB's, RSI and VWAP - other than that it is gut feeling.
Using proceeds to buy leaps - but may switch to shares soon as I am getting very leap heavy right now and they are all max expiration and $200 strike.
Lost a bunch of money last year by writing Puts when we were near ATH's and rolling forever before just cashing them out.
Now just sticking to being in small positions with stop losses set most of the time.
And another big thing is taking the early close when it is available!
I'm sure I will lose pretty soon as it always catches up to you, but hopefully staying small will let the hit I take be minor compared to last year.