Dan Sheridan – How To Manage A $25,000 Portfolio

Dan Sheridan – How To Manage A $25,000 Portfolio

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Class #1: With Dan talking Important considerations in Constructing a 25K Portfolio and Longer Duration Iron Condors1- Intro and Outlinen16:15- Philosophy: How do we trade for Weekly and Monthly Income?nOverall Portfolio Philosophy in Sheridan Mentoring- 3 Parts of a Portfolion26:25- Magic of Repeatable Tradesn30:15- Technicals in our Tradingn39:10- Financial Goals and Plan for our 25K Portfolion42:20- Allocation of Capital and Trades in the 25K Portfolio, using VIXn49:18- Profit and Loss Plann50:07- Vehicle Selectionn1:02:05- Futures Optionsn1:03:50- Long Term Iron Condors in SPX (Word Document with guidelines)n1:09:10- Example of Long Term Iron Condor to go over guidelines just discussed. Looked at Class Trade #1 put on January 7.nUsing this example to go over Iron Condor guidelines for longer term Iron Condors.nThis example in SPX was 72 days from expiration when put on.n1:29- Introduction to Iron ButterfliesnClass Ends 1 hr 39 min and 50 secClass #2: With Dan talking Unbalanced Iron Butterfly in RUT and more considerations in Constructing a 25K Portfolio.1- Intron3-41:20-  Class Trade #2 Iron Butterfly in RUT (Unbalanced Butterfly) and Teaching time on this Butterfly Methodology.nDan also talked about the Plan and adjustments, very thorough. Dan combined teaching time and new class trade.n41:20-44:15- Class Trade #1 Review 72 Day Iron Condor in SPX, initially put on January 7.n45:05- Q and A on Butterflysn54- Word Document for earlier Iron Butterfly Discussionn57:30- Diversification in a $25 K Portfolion1:04- Core Strategies in 25K Portfolion1:05- Ideal Duration of Trades in the 25K Portfolion1:08- How do we Manage Portfolio Greeks?n1:09- Managing Delta and Vega Risk with Credit Spreadsn1:09:35- 2 Specific Plans for Managing a 25K Portfolion1:11:35- Q and AnClass Ends 1 hr 17 min 37 secClass #3: With Dan talking Volatility1- Intro, Annotation on the Class pagen6:05- Q and A on word Document on RUT Iron Butterfly and explanation of some of the guidelinesn15:25- Implied Volatilityn23:05- Standard Deviationn39:15- Vega Example of what volatility to use for standard deviation formulan49:40- Implied Volatility of a Spreadn57:10- Example of Implied Volatility of a spreadn1:06:50- Review Class Trade #2 Unbalanced Iron Butterflyn1:13:20- Review Class Trade #1 72 Day Iron Condor in SPXn1:16- 25 K Portfolio Updaten1:22:10- New Live Trade: Weekly Calendarn1:35- Q and AnClass Ends 1 hr 42 min and 16 secClass #4: With Dan talking Credit Spreads1- Intro and Q and An8:00- How to pick a vehicle for Credit Spreads?n24:05- Do I use Puts (Bullish) or Calls (Bearish) with my credit Spreads? With Stocks and Indexes?n27:35- What duration (days to expiration) should I use with Credit Spreads?n29:35- What strike should I sell with Credit Spreads?n31:17- What strike should I buy with Credit Spreads?n32:55- How to execute Credit Spreads?n36:05- Profit and Loss Plan for Credit Spreads?n40- Case Study for Credit Spread Adjustments (Using Put Credit Spread)n41:10- Profit and Loss Plan in my Case Study?n49:45- When to adjust Credit Spreads?n54:20- Going over Case study examplen56:20- How to use Insurance at the beginning of a Credit Spread?n1:06:45- Adjustments for Credit Spread #1 Take off some Spreadsn1:11:15- Adjustments for Credit Spread #2 Roll short options down a strike (if upside, up a strike)n1:12:26- Adjustments for Credit Spread #3 Roll spread down and possible increase size. (if calls, roll spread up)n1:14:52- Adjustments for Credit Spread #4 Buy Long option (on downside put and upside call)n1:16:35- Adjustments for Credit Spread #5 Buy a Vertical Spreadn1:18:20- Adjustments for Credit Spread #6 Buy out-of-the- money Calendar (Puts on downside and Calls on upside)n1:19:46- Adjustments for Credit Spread #7 Turn Credit Spread into a Butterflyn1:25- Adjustments for Credit Spread #8 Turn Credit Spread into a Calendarn1:27:20- Adjustments for Credit Spread #9 Turn Credit Spread into an Iron Condorn1:30:45- Review Class Trades 25K Portfolion1:31:08- Review 1st Class Trade 72 Day iron Condor that I took offn1:33:32- Review Class Trade #2 RUT iron Butterfly that I took offn1:38:19- Review Class Trade #3 RUT Weekly Calendar that I took off todaynClass Ends 1 hr 47 min and 12 secClass #5: With Dan Weekly and Monthly Calendars1- Intro: Class page annotation, New class trade from Monday Jan 26n7:15- Intro Q and A, On any given day, how much of 25K Capital should be put to work?n14:25- Intro Q and A, Summary of how I would schedule the trades for the 25K Class?n18:50- Weekly Calendars (following Word Document from Class Page)n38:25- Monthly Calendars (following Word Document from Class page)n1:05:45- Review Class Trade #4 RUT Iron Condor 23 days from Expiration (Trade put on Jan 26)n1:08:40- New Class Trade #5 RUT Weekly Calendar Buy 1 Feb 1190 Put (Feb 20 expiration)nand sell 1 Feb 1190 Put (Feb 6 Expiration) for $8.15 debit ($815)nClass Ends 1 hr 13 min and 31 secnnDownload immediately Dan Sheridan – How To Manage A $25,000 PortfolioClass #6: With Dan talking the “Navy Seal assisted Put Credit Spread” (Iron Condor alternative)1– Intro- announcements, today’s outline, and Q and An1:25– Intro- class page annotation of Wednesday’s Classn7:40– Intro Q and A Since we got the Weekly Calendar off in 1 day, put on Wednesday and took off Thursday,nwould we put it right back on?n11:10– Intro- Q and A Who do we contact if we don’t get class trade updates?n11:19– Intro- Q and A How do we choose between NDX, RUT, and SPX for best Vehicle for Income Trades?n14:17– Q and A Rut moves more than SPX?n14:38– Q and A Open outcry in SPX differ from electronic trading in RUT?n15:45– Q and A Better fills in Weekly or Monthly execution?n16:2– 25 K update of the Class Trades (Goal to make $1500 monthly)n25:00– Calendar for putting on February Trades for 25K Portfolion34:15– Navy Seal assisted Put Credit Spread and Case Studyn1:16– Review Class Trade # 4 RUT Iron Condor, put on Jan 26n1:21:18– Review Class Trade #5 Weekly RUT Calendar put on Jan 28 and took off Jan 29n1:22:25– New Class Trade #6: Navy Seal Assisted Put Credit Spreadn1:33:40– Announcement of Huntington Beach Seminar on February 19 and Feb 21 Phoenix Index SeminarnClass Ends 1 hr 36 min and 17 secClass #7: With Dan Teaching Double Diagonals and the Weekly Iron Butterfly1– Intro: Topics covered so far in the 25K Classn1:23– Review of the 6 Class Trades done so far in 25K Classn2:20– Live Trade #7 Weekly Iron Butterfly Feb 13 Expiration SPX $ 2046 2045-2070nCall credit spread and 2045-2015 Put Credit Spread Total Credit $21.15 Creditn9:10– Review Class Trade #4 RUT Iron Condorn11:45– Review Class Trade #6 Navy Seal Assisted Put Credit Spreadn22:00– Weekly Iron Butterfly teaching from Word Document (using AMZN as example),nalso discussed insurance for a big move. Talked about adjustmentsn40:10– Double Diagonals (Used IBM as an example), and covered adjustmentsn49- END– Took a last look at Live trade #7 put on today, Weekly Iron Butterfly in SPX.nnClass #8:Wrap up with Dan1- Intro Class page and annotation of last classn4:50- Review Class Trade #7: Weekly Unbalanced Iron Butterfly on SPX with adjustmentsn17:35- SPX Price Chart of what the market did during the 25K Classn20:25- Question on Iron Butterfly Trade, would I take off entire call side if we keep going up?n21:45- Question on Iron Butterfly Trade, additional upside adjustment if we keep going up?nA few other questions from students are also covered.n27:25- What is a Couch Potato Income Strategy?n30:38- Strategies I like the best?n35- Do I ever tighten up the good side of an Iron Butterfly (Put side), when the market goes up?nTighten means narrowing the credit spread.n37:07- Choosing butterfly width when Volatilities change?n39:17- With Navy Seal Assisted put Credit Spread versus just smaller quantity of put credit spreads?n57:15- one more last look on Class Trade #7: Weekly Unbalanced Iron Butterflyn1:00:02- (1 Hr and 2 min) Constructing trades where you have no Vega risk or reduced Vega Risk?n1:08:25- Next 2 Online Classes, Butterfly Class and then Credit Spreads.nClass Ends 1 hr and 12 min and 50 secForex Trading – Foreign Exchange CoursennYou want to learn about Forex?nnForeign exchange, or forex, is the conversion of one country’s currency into another.nIn a free economy, a country’s currency is valued according to the laws of supply and demand.nIn other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.nA country’s currency value may also be set by the country’s government.nHowever, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.nn