06/16 MNX Iron Butterfly *New*

Just started the position Today, this will be my second iron butterfly that I'm managing as per Dan Harvey's rule.

06/16 RUT 30-Day Condor

Second day into the trade, nothing to do except keep watching.

06/16 SPY Double Diagonal

Not much to say, except that the trade is bringing profits. I just hope we don't enter a down-spiral in the markets. If we do, I know where to adjust, but it is a lot easier if we don't :)

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.