01/14 Daily Summary

Today I started allocating my FEB positions. Loaded the RUT Iron Condor and MNX Iron Butterfly. Next week I plan on starting a position on the NDX will be working closely with a friend of mine and fellow student Gary on his Journey with the FEB NDX.

Position's Details and Price Action:
01/14 MNX Iron Butterfly - FEB
01/14 RUT Iron Condor - FEB
11/14 OEX Weekly Iron Condor
01/14 MNX Iron Butterfly

01/14 MNX Iron Butterfly - FEB

Started the MNX Iron Butterfly for FEB contracts. A new journey begins.

01/14 RUT Iron Condor - FEB

Started the RUT Iron Condor position, my target is 15% , entered the full position as there is no extreme scenario shown on my 5-day price action chart.

11/14 OEX Weekly Iron Condor

First trade on the weekly strategy was a success. Looking forward to next week! :)

01/14 MNX Iron Butterfly

Bringing this one home after a long journey. This trade brought up one key adjustment in how I'll trade this strategy moving forward: Will aim for 10% ROI and once gotten, will simply exit the position. Notice how it reached 10% very much early on the trade, and by staying (rather over-staying) in the position, I ended up keeping the capital tied up and at risk and not for much more profits.