Friday, August 27, 2010

SEP NDX Iron Butterfly - Day-by-day Review

September was a nice month for me, the position yield the 10% goal within less than a week and it was a very welcome result, provided that AUG was a looong trade. :) Here is the day-by-day review.

8/17 Daily Summary
8/18 Daily Summary
8/19 Daily Summary
8/20 Daily Summary
8/23 Daily Summary

8/27 - Daily Summary

Seems like I took out my trade right before a small roller coaster. I didn't watch the market since Monday of this week, and by the looks of it, I'm glad I was out with my target profit. If there is one thing I learned with trading this strategy for over 1 year now is get out as soon as you can. That's one of the things I love about the Iron Butterfly: You can get your money fast, and when the market moves against you, you can still stay in the game and recover.