How far OTM were your trades? The previous 6 months were easy because of a slow steady climb. Maybe the biggest takeaway should be - stay far OTM with wide spreads because the SP trend can reverse at any moment. You can never really "know what is going on with the SP trend." The only time I think we kind of know is a couple weeks before the end of the quarter, and before the ER. That is when I will get closer to the SP with my BPS.Many lessons, but my biggest takeaway is probably this - I don't need to force trades anymore. I felt like I had to make trades every week no matter what, to keep that income flowing. This made me enter into trades that too were early, before I really knew what was going on with the SP trend. I plan to do things different going forward. I want to sit back and be more patient before entering new trades - wait for them to come to me. If there are no good setups for the day or the week, don't do anything. Focus on quality over quantity.
Last edited: