The market slowed down Today, my MNX position posted a great recovery and I ended up messing up my RUT position, all things considered I'm now flat for the month, should RUT recovers I will be ok.
I won't be around Monday, so I'll have to leave contingent orders and trust they work fine, I will only be able to check the markets Tuesday morning.
Position's Details:
10/02 RUT Iron Butterfly
10/02 MNX Iron Butterfly
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3 comments:
like the blog hows it going?
Same here on RUT, had orders to trigger for 577 or lower at 10:10 est. Lucky it stayed above 577 for the rest of the day or it would have kicked in on the open. It's been interesting learning to avoid these whipsaws... We are getting some upside movement Monday am so back to green!
Hey Gary, the ocean is getting choppy, isn't it? I was half-way between California and Salvador/Brazil on Monday, so couldn't benefit from the move up which made my positions positive..
When I landed on Tuesday, I barely had time to make it to the computer and the market took away those profits by moving fast to the up-side...
Now, I'm back underwater in the RUT trade, and have started to peel off the MNX for around 10% profit..
Gustavo
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