06/25 Daily Summary

Second down-side adjustment got hit Today, I sure am glad I got out of my live trade and got into this one to practice my trading management skills. So here is the deal: Since Today was a Friday I didn’t want to go full board rolling my puts since they’re usually at lower prices on Fridays.. I plan on moving the remaining spreads next Monday.

06/26 Performance from trade strategies I've used in the past

I've decided to clean up my blog a bit, and noticed I have performance postings that are quite outdated on my main menu navigation. Since a few months ago I've decided to focus all my attention and limited time on one trading strategy instead of trying to manage multiple positions through the cycle.

The selected strategy is the NDX Iron Butterfly, so I created this blog entry to simply gather the other strategies I've used before for future reference if I ever decide to brush them up and trade them again. Here are links to all other strategies I've traded one way or another in the past:


NDX Fast Iron Butterfly

OEX Weekly Condor

RUT Iron Condor

DEC 09 Trades

NOV 09 Trades

OCT 09 Trades

SEP 09 Trades

AUG 09 Trades

JUL 09 Trades

JUN 09 Trades

MAY 09 Trades

06/24 Daily Summary

Today my down-side adjustment got triggered, as it turns out the volatility didn’t go up by as much as I had expected, this made the down-move better than expected. I’ve adjusted my plan to reflect the next possible steps from here.

06/23 Daily Summary

I’ve entered a paper trade Yesterday, didn’t have much time to blog, here is where I am with the paper position and what is my game plan for adjusting and managing it going forward.

Fantastic day! As I watched the market early AM, I’ve decided against “touching up” any of my contingent orders. I avoided making the “spur of the moment” decision based on limited time and information, and this was KEY for my JUL trade. As it turns out, we backed out from Today’s highs, and ended up going into the sweet zone of my position. I’ve exited the trade with my target profit after being in the market for exactly 2 days! Ok, I did make a math rounding mistake and ended up taking 9.52% instead of the round 10%, but in 2 days?!?! Who cares about the extra .48%?? I’ll leave it on the table as an extra tip, thank you very much! :)
Since trading is a performance activity, I won’t be kicking back and relaxing, just waiting for the next cycle. This time I’ll enter another JUL position in papertrader and keep on monitoring as if real money. Just want to keep working on the craft...

06/18 Daily Summary

Fantastic day! I am very grateful I got in Yesterday as volatility was higher (early in the morning), as the market started trading back up I kept filling my contracts at slightly better prices. Today vols dropped by a quite bit and I’ve decided not to add to my position, it is almost at the target anyway! So, all going well I’ll be in and out once again :)

06/17 Daily Summary

Back in the market! Today I got most of my NDX position on, there is only one contract remaining, and I’m deciding if I load it as a regular trade or if a broken-wing butterfly. Last month using the broken-wing approach helped me much when the market moved up and the vols dropped. This month I’m not quite sure, so will let the market decide for me, if we move higher then I’ll use the regular position + long call, if we move lower then I’ll use the broken-wing.