Tuesday, July 21, 2009

7/21 RUT 30-Day Condor *New*

Today I started loading the RUT 30-Day Condor, I didn't get filled on all my contracts, so will keep on adding to the position Tomorrow, I'd preffer to be starting this trade in the middle of the recent range, however, we never know, the market may keep going higher from here, so we'll see.

I've allocated 1/4th of the position, plan to enter the remaining Tomorrow and add insurance. Management strategy is to hedge following the Mark Santucci's guidelines (as explained in the Dan Sheridan's mentoring). Will post more details about the trade management once I have the complete position on.

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