Today I did a cut and roll on my MNX put spreads, I realized that by keeping the trade hedged I let go of the opportunity to accumulate some profits as the NDX did. Live and learn, next time I plan on not leaving the position in a "waitting mode" for too long.
Position's details and price action chart
01/26 NDX Iron Butterfly
01/26 MNX Iron Butterfly
01/26 OEX Weekly Iron Condor
2 comments:
I'm happy my friendly advice had a positive outcome for you. Your trade looks great I should just let you manage mine as well 8-)! Can you make a call and have King Bernanke reappointed so the markets can stabilize? lol
Thanks for the kind words Gary! Hey, don't short change yourself, I know your track record is awesome, so keep it up!
Do you really think Bernanke is the answer? Wasn't he part of the problem?? 8-) lol
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