Trading Results Week 46/2019 (-$1,603.75)

Updated: 23 December, 2019 seen 32

Welcome traders to the eight week's (#8) 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 46 was from November 11 until November 15, 2019 (Monday - Friday). This week I was traveling to Northern Italy and Switzerland, and because of that didn't have much time to make trades or adjust existing. 

I suffered loses last week, most gains made in the last weeks were whipped out with a few large losses.

Took big loses with AEX, SPY, SPX, ES and GC. 

In total: 16 trades expired last week

9 winning trades, 7 losing trades, 19 trades open

The total premium collected -$1,603,75

If I would take a -$1.603.75 loss every week for 52 weeks in a row, in a year I would lose -$83,395. Ouch. Options trading can hurt.

Weekly trading results

Weekly trading results

So far (after 8 weeks) I've made $681.31 (on average $85.16/week), if I would keep the averages for the next 44 weeks, it would translate into $4,428.32 at the end of this experiment. Nothing to brag about.