Maximizing Gains Through Trading Plan Enhancements

Follow my journey of selling options on futures live and see how I build and work my trading plan.

For live trading, detailed trade specifics and to see how I manage my trades in real time and make trading decisions and for more advanced trading education, courses, and a great trading community, visit:

Income Navigator: Income Trading, 112 Trades, Strangles, Naked Puts, Credit Spreads

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Learn how to trade options and futures using strategies that are consistent, mechanical and repeatable.

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DISCLAIMER:
Not Financial Advice! This content is for Entertainment and Educational Purposes Only. All financial decisions made by the viewer should be done after talking with a licensed professional. You assume all risks associated with your trading.

[Scalp]

Like Tom says, I like being boring. Almost all LT 112s in MES, CL, 6E, 6A. Buying power took a hit and I did hit 2X on a few NP but they were so far out of the money I knew I could either roll them or Wheel them. Account is back to all time high and buying power is back to 50%. Thanks Tom, you have made my retirement much more enjoyable and

[amitchoudhary]

Strategy should be tested to minimum first circuit breaker level everyday. There may be no chance to get out. Liquidity disappearing is a major reason for loss. Naked puts are always a danger.

[volmanedge]

The hit didnt came from the spec trades it came from the amount of 112 naked puts.

[genropen]

Learning so much - thanks!
Two things:
1) I see your new ES hedge was
Oct 31 3500 5x BTO
Dec 20 3550 3x STO
Can you elaborate on what you have done there and how much of your portfolio you expect that to cover - or rather what you expect to cover?
2) Is your LT111 90 or 120 - and any particular reason?

[artorisvideo]

Appreciate the update. For the 111, the naked put would still be at 5 delta (instead of 10)? Possible to also do a video on the diagonal hedge?

[metroplexk]

quite humorous seeing these option sellers change their "plan" when they knew all along, the risks involved with their "previous"

[metsfanal]

How did you get 80 grand back since the crash? I've been following all the trades in the discord and lost 4K since the crash as all the put debit spreads you advised not to close have been losing even more money.

[jasoncostelle]

Tom, I get the change from 112 to 111 to minimize risk, but my portfolio following your plan was hurt more with the Strangles when I couldn't get out at 200% loss. Any changes to that type of trade?

[doctorsays.]

Changing from 112 to 111 and maintaining np at 5delta? So sacrificing profit? No longer aim for 3% a month?

[marcmini]

went from all 112s to all 111s wow. isntead of doing that just cut ur ES exposer from 30% margin to like 20%. and use the other 30% BP in uther underlyning less correlated to ES. so if the VIX rockets again ullbe less impacted. simple solution ;P

[KerryFrishman]

The 1-1-2 or 1-1-X, is great until it isn’t. It will take Tom years to make up this loss, for someone who has been trading for this long to be taken be surprise by this event is disheartening. The hedges he’s putting on now are nothing more than profit eaters and he will probably eventually abandon them. Go back to the wheel, sell some naked puts on stocks you wouldn’t mind owning.