It was a back-and-forth week for us at SPX Option Trader.  We ended this past week with -94% ROI in our SPX Daily Outlook trading, -75% ROI in our SPY Daily Outlook trading, -64% ROI in our SPX Aggressive Trader, -51% ROI in our SPY Aggressive Trader, and -17% ROM in our SPX Spread Trader. We had a bit of a drawdown this past week, which is never enjoyable, but it is to be expected. Drawdowns are a part of trading, and while we want to avoid them as much as possible, they always happen. One of the keys to being a successful day trader is not only having a winning strategy (as we do) but also being prepared for drawdowns. We don’t let a down day, week or even a month discourage us or cause us to doubt our approach.  We are successful over the long term as we stay consistent in our approach each day. So, while we had a drawdown this week, we look forward to what next week has in store for us. We are confident of better days and week ahead! Below are our comments for each trading day of this past week.

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