Thursday, April 5, 2012

On a break

Just stopped by to let you all know I am taking a break from trading. My goal is to regroup so I can decide how to best use my limited time before I put on any new position.

I must be 100% sure I can dedicate enough time and attention to it while not burning out because of work and family commitments.


Friday, March 2, 2012

3/2 NDX Iron Butterfly (Mar)

Sometimes you just have to follow a hunch. Yesterday I got a quick hunch to move my NDX stop by one point, so I moved it to 2651. As it turns out, NDX traded exactly to 2650 and bounced back down. Will this be the scenario where we back off from here? Who knows, all I know is that I gained another weekend on the trade!





3/2 IBM Calendar (Mar/Jul)

The position gained value this week, IBM bounced around the same level and moved higher on Friday. So far looking good. Here are the pictures day by day:





Sunday, February 26, 2012

2/24 NDX Iron Butterfly (MAR)

Update: NDX stood still for a while during this week, this allowed the position to recover P/L. Looking better than last week and hopefully will continue to improve next week. Time decay will start kicking in and as long as we don't blast off higher the trade should do well.

2/24 IBM Calendar (Mar/Jul)

Update: I had the 3rd portion of the IBM Calendar added this week when IBM crossed the 196 price zone. I was glad to see my contingent orders working, so all I had to do was watch the profile and update the contingent orders for the next levels of adjustments. Hopefully we won't trigger them. :)

Monday, February 13, 2012

2/17 NDX Iron Butterfly (MAR)

2/17 Update: Opened the adjustment butterfly, by re-positioning I cut the deltas by a little bit and give myself more room to the up-side and down-side.

2/16 Update: NDX went back up and hit the adjustment spot. Contingent orders kicked in and closed the butterfly. Will re-open Tomorrow.

2/15 Update: NDX took a retreat from Today's High, if you ask me the candle chart patterns seems quite bearish. I'm glad my contingent orders are only triggered at end of day, otherwise it would have hit it intra-day Today.

2/14 Update: NDX was down most of the day, by the final hour all indexes bounced back up and higher.. As of now very close to the adjustment level.

2/13 Update: NDX moved back higher Today, volatility seems to have dissolved from last Friday, it is again close to the adjustment point. Contingent orders are on stand-by to trigger if needed.

2/17 IBM Calendar (Mar/Jul) Weekly Summary

2/17 Update: Finished the week in an awesome spot!

2/16 Update: Trade working out well.

2/15 Update: Keep pumping theta my friendly calendar, keep pumping it :)

2/14 Update: Looking very good, still in the middle and with 2/3 of the trade on.

2/13 Update: No change, position is accumulating theta and profits, gotta like that!