PNL Report For 2016 Tradings
I got back into options trading in May 2016, so the data presented here are only about 6 months worth of trading data.
I started off with Iron Condor trades but it was not easy to find trades with a good risk to return ratio. Obviously this was a new concept for me so I needed more time to set up screens and learn how to really benefit from implied volatility. I also found the return was way too small for the amount of money was put at risk. This led me to start looking into Double Diagonal trades.
I set up trades based on probability and tried to only trade good risk to return ratio trades. What I did not know was that I was actually trading blindly ( I did not know Trade Apgar or using any indicators) and I must say I got REALLY LUCKY. Looking at the record, it’s easy to see the Double Diagonal trades had the best PNL even though the % wining was only 67%.
Towards to the end of 2016, I kept going with Double Diagonal trades and it started to work against me. In fact, I would continue to lose a lot more in the early 2017 thanks to this directional trage strategy. I will review those trades in a separate post.
Iron Condor had the expected result with 83% winning ratio but the sample size was way too small (only 14 trades total) to conclude this would be the best strategy to focus on.
My primary option trading strategies incorporate volatility and I am constantly experimenting with various trading strategies to improve my PNL.
I hold two Master’s degrees (MSc and MBA) with career experience as a cancer research scientist and a digital marketer.
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