I’ve Been Tasty Trading

I’ve been away for a little while trying to refine my strategy.  After finding the Tasty Trade network I wanted to digest a lot of what they were talking about to be able to speak intelligently about my own perspective on their approach.   

I believe that everyone has to find a trading strategy that works for them.  Each individual trader has their own risk tolerance and temperament and you can’t expect everyone to have the same results with one style.  There are however certain key aspects to trading that everyone uses to help them be successful and that’s what the Tasty Traders are using.  The concept of selling implied volatility is I think one of the foundational keys to their success.  One of their other concepts of taking profits at 50% of max profit is useful as well.

I was not as successful with one of their techniques like buying a poor man’s covered call as synthetic stock.  Time decay or theta is a very real force and should not be messed with.  

The best strategy for me at this point after trying several different approaches is to sell out of the money vertical spreads.  I have come up with a strategy that is an updated version of my previous one that I am having success with now.  Last winter I went 2 months without a losing trade with this strategy but I had some close calls.  I wanted to refine it so I could make it less stressful and more lucrative.  

I will post the strategy in the next day or so.