I’m trying hard to write everyday but the last 2 weeks have resulted in a weekly recap. I only closed a handful of trades this week for profits. The majority of my trades this week were to roll my positions into April. I also have continued rolling my COST and AMGN positions further out to try and scrap that trade. I also put on a few new positions towards the end of the day as I got my available buying power back.
I also started trading again in my Roth IRA. It is a smaller account so I will be mainly doing one lots and will try to not have more than 10 positions at once. This way it is more manageable. I think I will end up being more mechanical with this account because I will not be checking it as often. I will also being doing a lot more defined risk strategies.
Going into this endeavor, I really didn’t think I would be selling naked options. I have only done a handful and they really do work faster than defined risk. I think as my capital increases, I will do more and more of it. It is still scary every time I put one on but they have treated me well.
I really hope you guys are enjoying this so far. Please let me know if you have any questions and I will do my best to answer them. In the meantime, let’s keep this learning process going as well as the profits.