1. TRADING COURSE – SESSION 6
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2. DISCLAIMER
Any information contained in this presentation is for educational purposes only. Neither IQ Financial Services, LLC or Gavin McMaster are licensed financial advisors, registered investment advisors, or registered broker dealers. Neither do they provide investment advice, financial advice or make investment recommendations and they are not in the business of transacting trades. Nothing in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer to buy or sell by IQ Financial Services, LLC or Gavin McMaster of any particular security, transaction or investment.
Any trades and / or results covered in this presentation may or may not be live trades.
All trades and trading results are believed to be accurately presented. However, since the trades may not have been executed in the market, the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Therefore there can be no guarantee of accuracy or completeness.
No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown.
The risk of loss in trading securities and options in particular can be substantial. Customers must consider all relevant risk factors, including their own personal financial circumstances, before making any financial transaction. Options involve risk and are not suitable for all investors. See the Options Disclosure Document: Characteristics and Risks of Standardized Options, available from
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3. OUTLINE Position Update Potential Condor / Delta Hedging
Trading Psychology
My Trading – The Good, The Bad and the Ugly 3
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4. BEARISH BUTTERFLY P&L +$195 Expiry is approaching. Switch to Sept
Could suffer losses if we rally
Had to scale / adjust as we get close to expiry 4
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5. BEARISH BUTTERFLY 5
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6. BEARISH BUTTERFLY 6

7. IRON TRAPDOOR P&L +$185 Expiry is approaching
Could suffer losses if we rally
Had to scale / adjust as we get close to expiry 7
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8. IRON TRAPDOOR 8
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9. IRON TRAPDOOR 9

10. COMBINED POSITION 10

11. POTENTIAL CONDOR 11

12. POTENTIAL CONDOR 12

13. POTENTIAL CONDOR 13

14. POTENTIAL CONDOR 14

15. HOW IMPORTANT IS PSYCHOLOGY15
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16. MENTAL PROBLEMS Addictive Trading Tick Watching Personal Bias
Not Keeping Good Records And Reviewing Them 16
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17. MENTAL PROBLEMS Trying To Pick Tops And Bottoms
Feeling Too Much Excitement
Overtrading
Rushing In 17
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18. MENTAL PROBLEMS The Market Can Move Further And Faster Than You Think
Don’t Try To Predict
The Market Will Do Whatever It Wants
Never Say Never 18
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19. KNOW YOUR RISK LIMITS 19
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20. EGO IS YOUR WORST ENEMY 20
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21. FOCUS 21
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22. 22
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23. BE PROCESSED ORIENTED 23
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24. MY TRADING 2011-2016 89% Total Return 49 Positive Months
17 Negative Months. 3 Less Than -0.50%
Average Monthly Return 1.35% 24
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25. MY TRADING 2011-2016 Best Monthly Return +9.13%. Dec 2012
Worst Monthly Return -8.09%. July 2013
31.82% in 4 months Dec 2012 – Mar 2013
Scaled Back Risk Since July 2013 25
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26. THE BAD – GOOG SEPT 2012 Too Stubborn
Stock Moved Much Further Than I Thought Possible
Couldn’t Continue To Hold While Losses Mounted 26
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27. 27

28. THE UGLY – NDX JULY 2013 Took On Way Too Much Risk
Delta $ Exposure - $350, $1,500,000
Vacations 28
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29. 29

30. AVOID BIG LOSSES AT ALL COSTS
We're in the business of making mistakes. Winners make small mistakes, losers make big mistakes 30
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31. THANK YOU! www.optionstradingiq.com
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