The GLD calendar bit the dust Today. It is my second APR trade that hits the wall and I'm not thrilled at it. Nevertheless, it is part of the business, you win some, you lose some.. All I can do right now is to collect myself and evaluate what went wrong. Was it me? Was it the plan? Was it the market? Was a combination of all?? One way or another, I'm not doing this recap Today. I want a fresh perspective and want to take the time to go over the trade day-by-day using the blog for it.
I'm particularly annoyed that it went over and beyond my max loss, even though the price was exactly where the TOS analyzer was giving me the max loss point. Was it because of the volatility? Maybe? One more reason to stick to using the short deltas as the stop points, as you can never guess where volatility will be.
Well, let's move on to the other trades, they all got a bit better Today.
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