05/06 OIH 30-Day Condor - CLOSED

Closed the OIH Condor as it gapped through my stop big time during Today's opening. It happens.

05/06 EWZ Double Diagonal - CLOSED

Closed the EWZ Double Diagonal Today with prices at or above 50. I was impressed by how far the trade was able to go in terms of how far away from the original volatility cone we got. See the dashboard bellow.

In retrospect, I had chances to take some profit once we didn't over 5%. I wasn't ready to put a trailing stop or TTN on the trade. Will discuss some guidelines about that with Dan on my next session.

On the positive side, this trade took quite a beating! If one looks at this type of profile, it makes a good case to focus on Double Diagonals, this basic guidelines can allow me to stay in the trade despite it moving so far away from the 1 st. deviation on the volatility cone.

05/06 RUT 50-Day Condor

RUT 500 level seems to be providing some resistance. 1 hour chart shows 3 failures to break above it, 509 is the highest point it was reached Today. Let's see if RUT breaks out of this level, next stop is 520/525 zone.

Day-by-day Review - EWZ Double Diagonal

It all looked good to go. However, as soon as I started this trade, EWZ started moving up and never looked back. If it serves as lesson learned, the Double Diagonals can take quite a punch before you have to trow in the towel.

Start: 04/01/09
Finish: 05/06/09
Duration: About a month
ROI: -24%

04/01 EWZ Price Study

04/02 Portfolio Update

04/03 Short post - Portfolio Update

04/04 EWZ Double Diagonal

04/06 EWZ Double Diagonal

04/07 EWZ Double Diagonal

04/08 Portfolio Update

04/09 Quick post

04/11 EWZ Double Diagonal

04/13 EWZ Double Diagonal

04/15 EWZ Double Diagonal

04/16 EWZ Double Diagonal

04/23 EWZ Double Diagonal

04/24 EWZ Double Diagonal

04/27 EWZ Double Diagonal

4/29 EWZ Double Diagonal

04/30 EWZ Double Diagonal

05/01 EWZ Double Diagonal

05/05 EWZ Double Diagonal

05/06 EWZ Double Diagonal - CLOSED

Day-by-day Review - XLE Double Diagonal

Here is a day-by-day collection of the XLE Double Diagonal, I started this trade right about the same time I started my daily journaling on this blog. Now I can connect a day-by-day history of what went down and how the trade performed. I plan on doing this for all my trades.

XLE Double Diagonal

Trading Plan

03/10

03/11

03/15

03/16

03/17

03/18

03/19

03/20

03/22

03/23

03/24

03/24 decision making

03/25

03/26

03/27

03/29

03/30

03/31

04/02

04/04

04/06

04/07

04/08

04/11