Sometimes, luck helps you out too. MNX got within .10 points from hitting my up-side adjustment and backed off, if we had hit that adjustment, I would have given up 1/2 of the profits the position made when it reverted direction to the down-side.
Wednesday, September 23, 2009
09/23 MNX Iron Butterfly
The position got a break Today as the market sold off in the final hour of trading. I'm looking for a consolidation from here, will be specially good if we spend a few days a bit further down. Contingent orders in place, waitting on Tomorrow.
Sometimes, luck helps you out too. MNX got within .10 points from hitting my up-side adjustment and backed off, if we had hit that adjustment, I would have given up 1/2 of the profits the position made when it reverted direction to the down-side.
Sometimes, luck helps you out too. MNX got within .10 points from hitting my up-side adjustment and backed off, if we had hit that adjustment, I would have given up 1/2 of the profits the position made when it reverted direction to the down-side.
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