Today I learned the value of planning and preparation! I have been keeping a very proactive approach on my trades, always with at least two levels of contingent orders, but Yesterday I failed to do so. When RUT kept moving higher Today, the intra-day P&L oscilation got to me and I ended up rushing into an adjustment that was way too costly.
For my future trades on RUT, I plan on having contingent orders for single contract execution (not spreads) and will re-balance the position at the end of day.
Position's Details:
09/09 IBM Calendar
09/09 RUT Iron Butterfly
09/09 MNX Iron Butterfly
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