Congrats on your trading journey! How did you handle the August volatility spike? I've also shared my fully transparent annual statement and a detailed video walkthrough of my 2024 options trading portfolio on my channel. Happy to discuss the common challenges we faced and the lessons learned!
I lost about 40% on Aug 5th. I ended down 11% and recovered most of the losses on 112 trades by the end of the year. Learned some lessons, now even better trader and December was my best month trading ever. So, you learn and evolve and improve.
Nothing moved crazy in August except for ViX, was that reason of closing existing positions at loss? 20 positions at the time, all 2% of portfolio, therefore 40% portfolio loss to close? I found your answer in August spike video, thanks
@@pauliusmatiusovas4102 When you're short premium, it's not the market swings that hurt you, it's the VIX spike that crushes your positions. Managing volatility risk is the game.
Thanks Tom!!
Great content Tom. Where can I find more information on your hedging program?
Congrats on your trading journey! How did you handle the August volatility spike? I've also shared my fully transparent annual statement and a detailed video walkthrough of my 2024 options trading portfolio on my channel. Happy to discuss the common challenges we faced and the lessons learned!
He got trashed.
I lost about 40% on Aug 5th. I ended down 11% and recovered most of the losses on 112 trades by the end of the year. Learned some lessons, now even better trader and December was my best month trading ever. So, you learn and evolve and improve.
@@TommKing13 Disagree. Drawdown was much worse
Nothing moved crazy in August except for ViX, was that reason of closing existing positions at loss?
20 positions at the time, all 2% of portfolio, therefore 40% portfolio loss to close?
I found your answer in August spike video, thanks
@@pauliusmatiusovas4102 When you're short premium, it's not the market swings that hurt you, it's the VIX spike that crushes your positions. Managing volatility risk is the game.
Still growing strong. Gl trading in 2025