It was a back and forth week for us at SPX Option Trader. We ended the week with +55% ROI in our SPX weekly option trading, and +34% ROI in our SPY weekly option trading, -67% ROI in our SPX Binary Trader and -66% ROM in our SPX Spread Trader. Trading is tough. It is gut wrenching to watch a position move against you and exhilarating to watch it run in your favor. It is a constant battle between knowing when to let a position run and when to cut your losses. It is a profession where fear can destroy you as a fearful trader will always exit their winners too early, exit their losers too late. One cannot be afraid to take a loss. Rather a trader must seek to trade as consistent and non-emotional as possible. There are no guarantees in day trading, each trade is a risk. We seek to minimize that risk by using the information provided in our SPX Daily Outlook that has proven itself reliable over these many years. Our forecasts are correct more than they are wrong. We have an over 73% accuracy in hitting our 1st level in SPY. Some weeks are huge winners, some are not. But we approach each day with confidence, that no matter what happens today, over the long haul we will continue to be successful. Below are our trading comments for each day of this past week.
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