Reset in Discipline
🔁 A return to structure and the beginning of the next phase.
Hello Traders,
This is an important update.
Since July 2025, I’ve been publicly trading structured credit spreads — primarily 10-delta verticals — and documenting each position transparently.
At one stage, the account was up nearly $14,980, across 40 executed trades, with a consistently high win rate.
📉 February 2026, however, marked a turning point.
I moved away from my usual rhythm.
I allowed a few positions to extend beyond the structural discipline that had defined the strategy.
Exposure around the February 20 expiration required early exits once it became clear that the positioning no longer aligned with the original framework.
The outcome was a meaningful drawdown.
At its high, the account was around $19,000.
It currently stands at approximately $8,500.
There’s no dramatic explanation behind this. It was simply a case of deviating from a process that had previously worked — and being reminded, quite directly, why structure matters.
Where Things Stand
From the first trade in July 2025 to today, the account remains net positive by approximately $2,900.
This reflects the full arc of the performance — not the peak, not the most flattering snapshot, but the actual result from inception to present.
Every trade remains available in the full public record:
Nothing has been removed or adjusted retrospectively.
Transparency remains central to this publication.
What Changes Now
This is not an ending; it’s a reset.
Going forward:
Strict adherence to the 10-delta framework
Weekly spreads as the core structure
Entries placed at the beginning of the trading week (typically Monday)
Expiration aligned with the same week’s Friday
Clearly defined risk per position
Position sizing aligned with current capital
The strategy demonstrated consistency when executed as designed. The recent drawdown occurred when I stepped beyond those boundaries.
The focus now returns to structured, rules-based execution within a defined weekly cycle.
The Next Phase
Options Playbook moves into a more structured format.
Starting next week:
One clearly structured Bear Call Spread per week
Executed within the defined Monday–Friday cycle
Full entry logic
Strikes and defined risk
Position sizing rationale
Management plan
Exit review
The primary focus will remain on weekly 10-delta Bear Call Spreads. This is the structure where the edge has been most consistent, and it is the framework I intend to refine and develop further.
These detailed trade breakdowns will be available to paid subscribers.
Free subscribers will continue to receive:
Educational articles
Strategy discussions
Monthly summaries
Trade previews
This is not a signal service, nor a performance showcase.
It is a disciplined trading journal built around real capital, structured edge, and long-term sustainability.
Markets tend to reward consistency far more than intensity.
This reset is about durability.
Disclaimer
I share my real trades, but this is not investment advice. Options trading involves risk, and you can lose your capital. Past results do not mean it will always be this way. All decisions are your responsibility. If in doubt—consult with a financial professional.