Monday, March 7, 2011

3/7 Daily Summary

We are still navigating this storm. For the past 10 days, 6 were higher than 1 standard deviation and this causes the position to halt its recovery from day to day.. On the bright side I'm still in the game and as long as I can still make a profit I shall stay in the game. Come on NDX, let's settle down, will ya!?!

Another positive note is that the weekend time decay actually paid off, notice how very little P/L was given up even though we had quite a bit of market activity from Friday to Monday.. This is a good sign.. My job as a sailor is to navigate the storm and be ready for when it settles down. Managing risk has been a key activity on this trade for MAR.