Friday, February 12, 2010

02/12 MNX Iron Butterfly


Houston to MNX, Houston to MNX, you still there, over? Sir. We lost our crew.. 
Yeah, took a beating on this one, but part of the business, at the very least managed to keep under the max loss level. Next month begins.

4 comments:

Anonymous said...

How much do you pay in commissions and do you factor them into your max loss before you decide to pull the trade?

Gustavo's Trades said...

$1 per trade is my current commission cost, and Yes, I factor that in for all my trades. I always track current P.L with commissions as they're a piece of the pie, in the MNX example, it can get to be too big of a piece..

That's why I'm slowly migrating to NDX..

Gustavo

Anonymous said...

Why do you choose to do ndx,mnx flies
over the rut?

Gustavo's Trades said...

I just got used to MNX/NDX, I've tried a few RUT iron butterflies that didn't work out so I walked away from it and decided to focus on MNX and now the NDX.