08/04 Daily Summary

Today I exited the RUT Iron Condor, I'll review all my trading thus far and re-evaluate what I've been doing, what has been working and what has not been working to decide how I'm going to move forward. The current market condition is affecting these income strategies, so it doesn't make sense to keep beating my capital up trying to trade in unfavorable environment.

Position Details:
08/04 IBM Calendar
08/04 RUT 30-Day Iron Condor
08/04 MNX Iron Butterfly

08/04 IBM Calendar

No major change on the position Today.

Position's History:
08/03 IBM Calendar
07/31 IBM Calendar
07/30 IBM Calendar
07/29 IBM Calendar
07/28 IBM Calendar
07/27 IBM Calendar *New*

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08/04 RUT 30-Day Iron Condor

Exited the trade Today, not happy with the results. As soon as we busted the 1.5 st. deviation zone, the trade was on the max loss.
Position's History:
08/03 RUT 30-Day Condor
07/31 RUT 30-Day Iron Condor
07/30 RUT 30-Day Iron Condor
07/29 RUT 30-day Iron Condor
07/28 RUT 30-day Iron Condor
07/27 RUT 30-Day Iron Condor
07/23 RUT 30-Day Iron Condor
7/22 RUT 30-Day Iron Condor
7/21 RUT 30-Day Condor *New*

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08/04 MNX Iron Butterfly

No major change Today, I have contingent orders to flatten the position out if we get to 165 Tomorrow. So far, a pullback is very welcome.


Position's History
08/03 MNX Iron Butterfly
07/31 MNX Iron Butterfly
07/30 MNX Iron Butterfly
07/29 MNX Iron Butterfly
07/28 MNX Iron Butterfly
07/27 MNX Iron Butterfly
07/23 MNX Iron Butterfly
07/22 MNX Iron Butterfly
7/21 MNX Iron Butterfly
07/20 MNX Iron Butterfly
07/17 MNX Iron Butterfly
07/16 MNX Iron Butterfly *New*

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