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I love to review my winning trades, but for a good longterm performance it is much more important to review my losing trades.
For 2016 I found out that most losing trades are due to not sticking to my own rules:
Getting out earlier than my originally chosen stop: Most of the few options I had decided to get out early turned around soon thereafter, and would have been profitable without hurting the originally chosen stop loss, if I would have stayed in the trade. (I also found out that I am consequently getting out when the originally chosen stop loss is reached.)
"Repairing" losing short option trades via buying / selling futures: I had planned not to use this method, but in a very limited number of cases I did. Without any success.
Selling options of the soybeans complex although I had decided not to do so in spring due to weather market at this time of the year.
My consequencies are simply to try to stick to my rules in 100 % (!) of the trades.
Bought back the Wheat puts with a minor profit. USDA report was bearish, US$ went up, but wheat prices did not move down in earnest. Wheat is cheap compared to corn, and, thus, I assume that wheat price will not come down until weather has proven safe for the chritical phase for corn in July.
Just another example for buying back Options early, when the fundamentals do not fit to my assumptions anymore.
Added to my Natural Gas Position after the slightly bullish report:
