Week in Review 9/11/2023-9/15/2023
It was a back-and-forth week for us at SPX Option Trader. We ended this past week with -2% ROI in our SPX weekly option trading, -20% ROI in our SPY weekly option trading, -9% ROI in our SPX Aggressive Trader, -34% ROI in our SPY Aggressive Trader and +110% ROM in our SPX Spread Trader. There were a few days this past week where the market ran further in our forecast direction after we exited the trade. While no one likes seeing the market run after exiting, it is something every trader must learn to accept. Rarely do we ride a trade to the maximum possible profit. We follow our strategy to determine when to enter and exit, based upon past action of the market. There are times when the market acts exactly as we expect, and other times it does not. But as we stay consistent with our strategy, we know over the long term we are successful. So, when the market runs further after we exit, we don’t get frustrated or upset. We know this is part of trading, and there is always another trade tomorrow! Below are our comments for each day of this past week.This content is for members only.