Monday, November 29, 2010

11/29 Daily Summary

Ok, we're definitely in a wild market. Today we traded about 2 standard deviations, triggered my long PUT order at 2120 and traded almost all the way back up. I'm glad my adjustment was not an order to drop the long Call, as it would have whipsawed me quite a bit. On the up-side, I'm still flying the trade and managing the wild movements, on the down-side, these adjustments are costing me profits. I need a few days of no activity to build up profits. So far the position looks ok, and I feel I'm doing my best to keep the adjustments away from 1 st. deviation zone, yet with these sort of swings the best bet is to go easy on adjusting so the whipsaws don't hurt as much.

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