OK, I regret not closing down the position once its P&L went back down from 8%. Now it is too late to cry over spilled milk, so let's manage it! The probabilities are not so hot, given we still have the adjustment card to play, things can get fixed if we continue up.
Bellow are the current scenario, as well as an updated historical probability chart and risk profile if we hit the 45.30 adjustment level.
MNX has been pushing higher just about every day this week except Monday. Still with high (82%) historical probability of success and over 70% chance of being fine on Monday.
Another day to test the patience and perseverance on all my positions. RUT is no exception to the rule. RUT pushed back up to 480. The position is down 10%, there is still good chances RUT will back off, in any event the contingent orders are in place for $ protection.
Back to posting updates on my trades. I was out most of this week, used multi-day contingent orders to protect my capital. It looks like RUT will make it through another week. Bellow are the profile and dashboard for this week.
All content on this site is provided for informational and entertainment purposes only. It is not intended as advice to buy or sell any securities. Nothing should be considered or construed as personalized investment advice. Stocks are difficult to trade; options are even harder. Please do your own homework and accept full responsibility for any investment decisions you make. Although I may answer your general questions or comments, I am not licensed under securities laws to address your particular investment situation.
ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!