Practical Trading Experience

It’s amazing how a person starts to get a feel for the Weekly Calendar trade after doing it over and over. After hours and hours of back testing this particular strategy, I can see how someone can really begin to get an extra sense for trading them. I guess, at the end of the day, all of the rules and guidelines are just there to keep a trader in the game, until they develop an intuition for it. While I was backtesting in the ONE software, I got so hung up on a few particular dates (5/7/14 and 5/14/14). Regardless of how I adjusted, nothing seemed to get me out of those particular Calendar trades alive. I got so hung up on those two trades, I must have spent all day trying to make them either turn a profit or not destroy me. I finally came to the realization that there is no cookie cutter way to trade Weekly Calendars. It occurred to me that cutting Deltas or adding Calendars does not always equal a profitable trade. Sometimes, no move is the best move, and it’s the experience that let’s you know…I feel like we can study and memorize rules & guidelines until we turn blue in the face, but like you always say, it’s the practical trading experience that pulls it all together. I appreciate Dan taking the time to read and respond to my emails. I have learned so much from Dan, as well as the other teachers and students. I know that I have said it before, but It really is a privilege to be a part of the community, as well as to learn and share my option trading experiences.