Sean McLaughlin, NLD 📈

@BlueWolfCapital @JasonP138 End of every week, I close anything down 25% or more.

@OptionsSean @JasonP138 You cut your losers based off price structure or percentage loss?

March options expiration is in the books. 🧵 229 trades. 45 winners. 20% win rate. Net P&L: +$30,752 ✅ Low win rate. Big winners. That's the whole game. Here's how it works 👇

@RiadaChrisgo Max size was $500

@OptionsSean Wow, nice work, Sean. What was the average position size per trade in $?

@HostileCharts Stab her.

@OptionsSean There is a literal witch in front of me…..please advise.

Do yourself a favor and tune out all the noise about “witches” and “triple” and “expiration” and just trade what’s in front of you.

OH: The real scorecard is availability, not accumulation.

Similarly, I’m a believer that my biggest winning trades tend to start working quickly. And the big wins are the only trades I care about. So heading into the weekend offers a convenient reminder to weed out the losers that will likely keep losing. (I can always get back in!)

This is something I learned from my friend @PeterLBrandt years ago and I employ it religiously with my short-duration (30-60 DTE) options trades.

Happy vernal equinox! 🍀 Today marks the first day of spring in the Northern Hemisphere and the first day of autumn in the Southern Hemisphere. After today, the Sun will shine more directly on the Northern Hemisphere than on the Southern Hemisphere until the autumnal equinox.