Monday, October 4, 2010

10/4 Daily Summary

As the market took a dive Today my position self-adjusted with the contingent orders. By end of day I’ve rolled a few of my short strikes out with vertical rolls. At this point I’m back in the green and looking forward to start exiting the trade or condorizing. If I have more time Tomorrow at closing I might just peel off most of the position. Looking good and I’m super grateful for the awesome recovery. I had my contingent order to the down-side triggered this morning, if it wasn’t for that I’d be out of the trade right now with +5% (my revised goal), now here comes the lesson-learned: Did I feel bad about it? Of course not! The adjustment was based on my plan, and instead of focusing on “could haves”, I’m focused on the fact the contingent order did its job (protect my position while I’m working my job) and now I’m looking forward to the next move I must make.. What is past is past, need to focus on the present and near future.

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