Tuesday, June 16, 2009

06/16 DIA Iron Butterfly

I exited the position Today, as we're in the expiration week I wasn't confortable with leaving the trade on, specially after it broke out Yesterday's low. I was up about 4 or 5%, but with commissions and slippage I ended up flat. That's the drawback of a smaller position, as you build adjustments, you end up paying a lot of commissions and taking no profits. Good lesson though, I'm a lot more confident and know what to avoid in the next butterfly.



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