21 January, 2020 seen 131Trading week 3/2020 lasted from January 13 - January 17, 2020 This week I was mostly closing trades made in the previous weeks. Also, one of my goals for this week was to limit open position to 10 (there were 12 positions prior) I managed to limit it down to 9. Awesome. For the third week of 2020 net income is +$397.80 while gross income is +$267.20 Week 1…
Trading week 18/2020 lasted from April 27 until May 1, 2020. I closed this week with a small loss of -$58.80
From closed trades, I closed 4 trades: 3 with USO and one (by accident) with ET. My biggest loss comes from the sale of USO contacts.
Opened 3 new trades - vertical spread on SDC, and a call on ET
Week 1-18 2020 Trading Results
So far, after eighteen weeks of trading in 2020, my total net income for the year is very humble +$233,92, while gross income stands at $608.92. Nothing to be excited about.
For the past couple of weeks, I have been exploring the idea of selling covered calls only (and sometimes cash-secured puts) on stocks. No naked trades anymore. I still have some 16 open positions, and probably there will be some adjustments needed.
Also, there is a chance I will make some vertical trade in the future, but I don't look anymore seriously on this trading style - instead covered calls. For covered call writing, I've launched a separate website - OptionsBrew.com - you are kindly invited!