My Options Trading Unlocked – Newsletter 08 Oct 2024

August and September results.
Newsletter – Insights for Tomorrow’s Profits

08 Oct 2024

Unlocking Trading Success: August & September results

Hi Option traders,

In this brief newsletter I will report about my August and September results.

TOCF Portfolio Monthly Recap & Trading Plan – August & September 2024

a. Results August & September 2024 & currently open positions:

Here is an overview for all accounts of the positions and results of last two months :

Portfolio Net Liq Values – 02 Aug 2024:

  • 🟢 Mexem : € 50930
  • 🟢 TastyTrade TT : € 7250
  • 🟢 TastyTrade WH : € 3791

Total value for the 3 accounts :

  • 🟢 in euros : € 61,452 (up since last report at € 59,331 -> change : € +2121 or +3,6 %)

The open unrealised P/L is ($1334.30) at this moment.

Info – Interpretation of the exchange rate : I am from Europe and my base currency is euro. I am trading the US markets from a MEXEM account held in euros and from a Tastytrade account held in dollars. This means that I have and express my open positions and profits/losses of the US markets in dollars on both accounts. The Net Liq for me is only relevant in euros, taking into account the exchange rate (which sometimes is an advantage and sometimes not). This explains the difference in results between euros and dollars and for me the evolution of the Net Liq in euros is what matters ultimately.

b. My Trading Plan for upcoming week:

General Trading improvements for the coming months:

In case you missed it my strategy document or you hadn’t had the time yet, here is the link again to “Developing my strategy and profit goals guide”.

I have learned that navigating the unpredictable waters of the stock market demands a solid risk management strategy, even though losses remain an inherent part of trading. Understanding that minimizing losses and their impact is the cornerstone to longevity in trading is crucial. I have experienced the impact of a few big losses on the overall result of the portfolio. I will review my strategy document in September and see if I need and where I will have to (fine) tune.

3. Weekly Watchlist

I will obviously keep my attention to the open positions I have :

$AMD, $SOFI, $INTC, $IWM, $NVDA, $RIVN, $SMH and $NIO.

Keeping a keen eye on interesting movements of the following quality stocks :

$FTNT, $AAPL, $MSFT, $AI, $TSLA, $GOOGL, $AMZN, $SBUX, $QCOM, $S, $ON, $CRWD

$PYPL, $PLTR, $NKE, $MRVL, $T, $SOXL

4. Other stuff – info & links
  • I have been receiving a couple of questions of users of the spreadsheet how to get the updated versions. Just to be clear, the normal updates of a spreadsheet are always free and the best way to get them is by making an account when buying and subscribing to the newsletter to get info about possible updates. This will allow you to always download the updates. Take a look at this article which explains how : https://www.tradingoptionscashflow.com/benefits-of-creating-a-tocf-shop-account/ . If you bought the earlier version on Etsy, drop me an email and I’ll give you a free download of the updated version at no extra cost.
  • I have noticed that users often ask the same questions about the spreadsheets I provide via the webshop. Hence the reason why I have started a page with Frequently Asked Questions (FAQ) – And if you have any specific questions, please do take a look at the FAQ Page about the use of our spreadsheets.
  • As a reminder, you can always follow my opening and closing trades via the discord channel. I’ve made the decision to refrain from duplicating content from the Discord channels here in my newsletter. This in order to optimize my time and focus and provide the most value to you, primarily on improving my trade management skills and sharing my experiences with you all. When there is a particular trade I feel warrants a comprehensive analysis, I will definitely include all pertinent details and figures in the newsletter.

Whenever you’re ready, here are 3 ways I can help you to improve your option trading:

  1. For the option traders still looking for a Trading Options Spreadsheet to track their results and improve their trading, check out the EASY “All In Trading Options Journal Spreadsheet”: the ONLY option trading journal designed to focus on parameter-based options trading and account management, as probabilistic-minded options traders like me like it. Checkout this article about the spreadsheet, the multiple tutorials about the spreadsheet on my Youtube or read about the spreadsheet directly available in our webshop
Best Options Trading Journal Spreadsheet for the highly profitable option trader looking to learn from his trade journal
  1. If you are not a Free member of our discord yet : In our discord channels, we team-up with other like-minded option traders, with the aim to support each other and share valuable insights and ideas. I provide live comments, trade alerts, educational info and tools via our discord room. Join anytime ! here: http://discord.gg/cGW6xH4RNT
  2. In case you haven’t found me on social media: I suggest to follow me on X @L2TradeOptions and on Youtube @TradingOptionsCashflow to pick up my latest content.

I hope that providing some insights in my trading and my thoughts, will trigger some thoughts and maybe ideas that will help you with your trading and helps to become an even more profitable options trader. Don’t hesitate to contact me to talk options.

Thanks for reading the TOCF Newsletter, great and happy trading!

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Let’s generate cash flow together !

P&K

Please do leave your thoughts below in the comments.

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