Friday, February 26, 2010

02/26 Daily Summary



Not much to report Today, OEX didn’t quite move and gracefully expired within my weekly condor. I am grateful for this week. We all (income traders) needed this break. Notice how the market seems to be navigating in calm waters. I sure hope we keep it up for the next few months!
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2 comments:

  1. Bobby BFebruary 27, 2010 at 9:26 AM

    Hi G,

    What is your stop loss you use on the OEX weekly?

    1.5x credit?

    thx,

    bobby

    ReplyDelete
  2. Gustavo's TradesFebruary 27, 2010 at 10:56 AM

    Hi Bobby, Yes, I'm using -1.5x the credit as the stop level. On the weekly position I entered on 2/16 I let it go a bit wider and do not plan on doing so any longer.

    The stop-loss and capital allocation are the key things to manage on this trade.

    Gustavo

    ReplyDelete