The trades I placed last month, which were all closed by today did terribly.
Summary of the trades
AAPL 110P calendar (-57%)
RUT 450P calendar (-58%)
IBM 100/105 double calendar (+28%)
USO 34Puts shorted (assigned)
IBM 110/115C vertical (+26%)
Looking at the results there are more wins than losses, however the percentage of the losses are nearly twice the gains. This is just bad risk management. I cannot allow my losses to be nearly twice my gains. So far the net profit for the month is negative due mostly the huge loss from the RUT 450P calendar.
I need do a better job on controlling my losses. I should put a tight noose on losses and not let it get out of control.
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