Profit Previous Month: -171.00 USD - Profit Current Month: Jun 2026 : 342.00 USD - Updated 08/06/26 - Details in Trade Report
Learn to profit from selling premium
Learn to profit from selling premium
Most Wheel traders think they know their cost basis until cash-secured puts, assignments, dividends, and covered calls start adding up. This article shows how to calculate your true adjusted cost basis step by step using a practical PFE Wheel strategy example.
There’s a mistake I made early on, and I still see new traders make it every week: they sell a cash-secured put as close to the stock price as they dare, because that’s where the biggest premium is. Then the…
For the first few months of my options trading journey, I tracked nothing. I had a rough idea of whether I was up or down. I remembered my biggest wins. I forgot most of my losses, or at least the…
August and September results.
I hope this picture above doesn't make you feel down? Or this isn't you after a bad option trade? Trading losses occur with every trader. Reflections on mastering loss management and overcoming ego.
Do you reach your goals regularly? Are your trading target realistic expectations for your trading?
Realizing I haven't hit my trading goals for a while now, it's clear it's time to make some changes and try to earn more money.
Two months into 2024, my journey through the fantastic world of options trading has been both enlightening and challenging.
The trading summary of 2023 shows a nice high % of winners (90%) but the results are overshadowed by the 5 biggest losers of the year.
Taking a loss in the $IWM strangle
Read on and learn more about my current positions.