Tuesday, April 6, 2010

04/06 NDX Iron Butterfly

When we approach the end of this trade, the rule of thumb is simple: “You snooze, you lose”.. Notice how sharp the P/L drop was from Thursday to Monday and Today. In a nutshell, you don’t want to carry short contracts that are In The Money (ITM) when we’re approaching the final two weeks. I had my chance on Thursday but was too busy to focus on what I should be doing with this trade... Well, there is still a possibility for making profits and that’s what I’m focused on.

No comments: