Welcome traders to the seventh week's (#7) trading result income report.
If you are new here - with the help of these reports 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.
52 weeks covers a lifespan for one year. One year is a great time to learn and master trading. With these reports, I hope to improve my trading skills and premiums over time.
Trading week 45 was from November 4 until November 8, 2019 (Monday - Friday)
In total: 23 trades
2 winning trades, 2 losing trades, 19 trades open, (in total 30 open trades from the previous weeks)
- The total premium collected $895.35*
- Total paid in commissions: $144.35
*Actually I collected $1,607.15 in premiums this week, but there were few suffering trades form the previous weeks I had to roll forward to the future.
If I would manage to make $895.35 every week for 52 weeks in a row, it would give me $46,558.2/year.
So far (after 7 weeks) I've made $3,213.49 (on average $459.07/week), if I would keep the averages for the next 45 weeks, it would translate into $23,871.64 at the end of this experiment. I'll take it.
Weekly trading results
Despite huge numbers reported here, the real growth for my options income last week was just $48.96.
Now, taking into consideration that the market went pretty much against me last week, and I had huge loses seeing a positive number at the end of the week is awesome.
Looking to make at least $400 (after commissions) next week