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Posted by Martin July 02, 2022

June 2022 $100 Challenge account review

The stock market is still in a bear market and has high volatility. That is why we are accumulating stocks right now and do not trade options. This market is not good for a small account, so we must wait before we resume trading. Until then we will just accumulate.   Accumulation phase   The Continue reading →

Posted by Martin July 02, 2022

2022 SPX put credit spreads trading review – week 26

I was aggressively adjusting my SPX trades last week. I was using a “box” trade strategy to generate income and then used that income to roll the trades that were in the money. So far, this is the best way I could come up with to fix bad trades. I hate taking losses so unlike Continue reading →

Posted by Martin June 26, 2022

2022 SPX put credit spreads trading review – week 25

Last week’s SPX trading strategy was again mostly about adjusting our old trades than trading new ones. The goal is to let the old trades expire one by one before we resume opening new trades. It will be a difficult task as many of our previous trades got deep in the money and need time Continue reading →

Posted by Martin June 18, 2022

2022 SPX put credit spreads trading review – week 24

Trading SPX strategy is challenging this year and very frustrating. I am not opening any new trades but managing the old ones as I got caught with those trades rapidly getting under the water. Should I have closed those trades for a loss? Some traders would. I have a loss aversion, so I decided to Continue reading →

Posted by Martin June 11, 2022

2022 SPX put credit spreads trading review – week 22-23

My family and I went on a vacation a week ago, so I skipped the SPX report a week ago. This report will be a combination of both weeks. Surprisingly, the trading week ago and last week were not as bad as I thought they would be. We managed to roll the trades, and in Continue reading →

Posted by Martin June 11, 2022

May 2022 $100 Challenge account review

The market is not good for our Challenge account so far. We started aggressively and had to scale down significantly when the valuation reset hit Wall Street. We are significantly down now, but setbacks are part of any trading & investing. This is a long-term investing and trading program, and we are determined to invest Continue reading →

Posted by Martin May 27, 2022

2022 SPX put credit spreads trading review – week 21

Last week I didn’t trade SPX much, just tried to stay afloat. I mostly rolled the trades away and created box trades. That is a trade where a short call has the same strike as the long put and the short put has the same strike as the long call. This way the structure resembles Continue reading →

Posted by Martin May 20, 2022

2022 SPX put credit spreads trading review – week 20

I expected 2022 year to be slow and not as profitable trading as 2021 but what is happening this year is outstanding. Nevertheless, our SPX trading is doing well so far although it is very difficult trading. I am adjusting trades to get busted again. This is one of the reasons why as an investor Continue reading →

Posted by Martin May 13, 2022

2022 SPX put credit spreads trading review – week 19

This selling is becoming frustrating. Our SPX trading strategy held relatively well, mostly because I didn’t trade much. All I did was sit tight and manage trades that needed adjustment. I only opened Friday trade and used the collected credit to help offset another trade that needed adjustment. Next week, I will be doing the Continue reading →

Posted by Martin May 07, 2022

2022 SPX put credit spreads trading review – week 18

For 18 weeks ur SPX PCS strategy performed well while the market was selling off. It was not an easy journey this year. When I started this strategy at the end of 2021 I hoped for a better start and large profits. The market had a different opinion. Despite heavy selling, we finished up by Continue reading →