06.24.08
New Month, New Focus
July options month has started and I am excited about having a new focus and fresh start. The last two months have been filled with trades that didn’t exactly fill my comfort and more importantly that I do not have the experience to manage. Risk management is everything! I think finding the right profitable trades is easy. What happens if they don’t go the way you expect? Then what? From now on, I will be focused more on naked puts, calendars, butterflies, bull put spreads and bear call spreads. I also have a new spreadsheet, which will do a better job of accounting for my real time results. I have slacked off a bit the past two months on results and that hasn’t made me too comfortable.
Peter77 said,
June 25, 2008 at 1:12 am
Hey G$,
“From now on, I will be focused more on naked puts, calendars, butterflies, bull put spreads and bear call spreads.”
That sounds like nearly everything!!! What else is there?
Peter.
gmoneyscrib said,
June 25, 2008 at 8:21 am
Peter,
The point I wanted to make is I will not be doing straddles, strangle and diagonal trades where my lack of experience prevents active management, creating a losing situation. I want to focus on the trades I understand how to identify and then get very good at managing those.
It does sound like a lot!
Best,
G$
Matt laz said,
July 10, 2008 at 9:57 pm
G,
Are you willing to share the new spreadsheet you using. Is it your new trading journal?
Thanks,
Matt Laz