Thursday, January 21, 2010

01/21 OEX Weekly Iron Condor

OEX hit the stop Today. Somehow I feel very good about it, let me explain why: it was simple and easy. The stop got triggered and filled, I didn’t have to worry about the trade whatsoever. Of course, I have the call spread there, and will watch it Tomorrow, but odds are we’re not blowing up the up-side in one day, that would require a xx standard deviation move to the upside. Not to mention that if I count last week’s win, the loss Today sets me back only a half trade, if we stay quiet next week I’ll be back in the green on this strategy.

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