Welcome traders to the weekly trading results, where I'm documenting my path trading options on indexes and futures in the previous week.
I started my trading journal on September 23, 2019, and it's planned that there will be at least 52 such articles for the next 52 weeks. Today I'm sharing results for the fourth (#4) week from this journey
52 weeks covers…
Trading 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 1-3 2020 Trading Results
Last week I closed 5 positions all with profit and opened just 2 new positions. Seems that I prefer to trade small and less often. I would be happy if I would manage to keep the same pace in the future weeks.
Opened 2 positions on GC with expiry in February and November 2020 (Looking to close both at 50% profit), Closed 5 positions, from which 3 were GC, 1 SPX, and 1 SPY
So far, after three weeks of trading in 2020, my net income is humble $102.40, while gross $2,113.40. If I would keep such trading results for the next 49 weeks I could make about $1,774 trading income by the end of the year. Not the most interesting numbers for me.
Next week will be tough, as most probably I will have to either close with loss or roll up a suffering trade with SPX, I can already see here a loss of at least -$400, I find it will be hard to close next week positive, but I will try. My goal is 0-200 trading income for the next week. Also looking to limit max open positions to 8.