Options 1k

How I made $198 in March 2023

My first month of trading is complete!

I closed 4 trades, and made a profit of $198. Not bad!

It was only half a month really, because I made my first trade on March 14th. So, it could have been a lot better (or worse).

Here are the trades that were closed in March:

Trades closed in March 2023

Notes / Learning points #

I was profitable on 3 of the 4 trades.

The one trade that I lost on was NVDA (Bear Call Spead). I should have never entered it in the first place, because the stock has been on a massive uptrend over the past 6 months.

I simply saw that it was overbought, so decided to enter the trade. I realized later that I shouldn't have, so took my loss early before things got worse.

The other mistake I made was not sticking to my sizing rules.

I am still not so confident, so decided to trade just ONE option on both SPY and GOOG trades.

Based on my risk and portfolio size, I should have traded 4 options on each.

Let's see if I can do any better next month!