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Showing results for tags 'steady condors'.
Found 3 results
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This week we closed our June trades with gains of 10.1% on margin, and 7.9% return on 20k unit. This makes the year to date non-compounded return 31.6% on a whole account (including commissions). If we reported returns like most other services do (Compounded ROI before commissions), we would report 48.9% gain. As you noticed, we closed our June trades three weeks before expiration, to reduce the negative gamma risk. We recommend reading the Why You Should Not Ignore Negative Gamma article to understand the gamma risk. This is another thing we do differently from many other services. We open our trades early and close them early. We would typically open the trades 6-8 weeks before expiration and close them 2-3 weeks before expiration. Click here to view the article
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It's official now: Steady Condors has completely erased last year's losses and drawdown. Steady Condors has just finished another profitable month of trading with gains of 7.7% on margin, and 6.2% per unit for April expiration. This makes the year to date return 17% on a whole account. Of particular importance is that this month’s gains bring Steady Condors back to new equity highs after a somewhat lengthy (yet statistically expected) drawdown over the last year. Those who had the discipline and patience to stay the course have been rewarded. Risk management, as always, is what made the difference. Click here to view the article
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We closed today our Steady Condors March trades for an average gain of 7.5% before commissions, which translates to 5.8% return on the whole account after commissions. Steady Condors first goal is to manage risk and to prevent big losses. We don't promise you some absurd numbers like 10%/month or 5%/week, but we are proud to report performance in the most honest and transparent way possible. I will explain later how our performance reporting is different from other newsletters, but let me start by quoting Jesse Blom's post on the forum. Click here to view the article
