Ahoy there Trader! ⚓️
It’s Phil…
Some trades just don’t work out, no matter what you do. This was one of them.
Despite a small move in the right direction, the strike selection was too deep in the money, locking in a 96.7% loss. No way to manage it, no way to roll—just one of those trades you let expire and move on.
Here’s how it played out…
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
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SPX Deeper Dive Analysis:
When a Trade Just Won’t Cooperate
Not every trade is a winner, and this one went off the rails. Even though there was a tiny movement in the right direction, it wasn’t enough to salvage the trade.
The Trade Setup & Outcome
- Trade Type: $30-wide Broken Wing Butterfly
- Credit Received: $15.25
- Final Close: $30 loss
- Net Result: -96.7% of credit received
❌ No Chance to Manage or Roll
- No break-even or better exit opportunity
- No viable rolling option—the directional view changed
- Only choice? Let it expire
Lessons Learned
Strike selection matters – Too deep in the money can trap the trade
Not all trades can be managed – Sometimes, the best move is no move
Accepting a loss is part of trading – The goal is to win more than you lose
Final Takeaway? Losses happen—but as long as you’re following the system and managing risk, one bad trade won’t break the bank.
Fun Fact:
Did you know? In 2009, a trader accidentally placed a $16 billion order instead of $16 million, causing a mini flash crash.
The Lesson? One wrong click, one miscalculation, and the market doesn’t care. Precision matters—whether it’s in order size or trade selection.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece