The Whimsical Mind of a Trader!

Last week I posted about Walmart (WMT) option [Apr17'20 115 p @3.95]. The original idea was to hold till earnings in February in hopes to get a good move down in my favor.  Today I closed WMT Apr17'20 115 p @4.35. My current trading strategy is based on managing a portfolio of long and short stocks, actually, Interactive Brokers (IB) selects the stocks in my "portfolio builder". I have been buying puts based on the short stocks IB selects; the idea is that I will have less of an emotional attachment to the stocks I choose to trade options.

Now back to why I closed WMT, I noticed IB switched WMT from short to long in my portfolio.  As for today, IB's selection of WMT to be long was my only motivation to close out my WMT option. I have a proven track record of taking a winning trade and watching it go against me; hence why I have purposely given up a large part of my decision-making process in how and when I trade... so far so good for 2020. 





Active Portfolio Management



Evaluating Investment Performance


To assess how well your investments are doing, you'll need to consider several different ways of measuring performance. The measures you choose will depend on the information you're looking for and the types of investments you own. Learn more.



Asset Allocation


Asset allocation is a useful tool to manage systematic risk because different categories of investments respond to changing economic and political conditions in different ways. Learn more.



Diversifying Your Portfolio


When you diversify, you aim to manage your risk by spreading out your investments. You can diversify both within and among different asset classes. Learn more.



Rebalancing Your Portfolio


As market performance alters the values of your asset classes, you may find that your asset allocation no longer provides the balance of growth and return that you want. In that case, you may want to consider rebalancing your portfolio. Learn more.




Source: FINRA.org