04/28 Daily Summary

I saw this video on Youtube Yesterday, and this morning made the connection to trading... Take a look at it, when it comes to riding the market “roller coaster” which trader are you? The guy on the left or the guy on the right? I figure the job of any developing trader is to migrate from being the “freaked out guy” to being the “level headed” one just watching and enjoying the ride while others kick and scream to no avail.. :)

http://www.youtube.com/watch?v=hyFl-IyDUhE

04/28 NDX Iron Butterfly – MAY/10

Took a very welcome break Today! Didn’t have to make any adjustments on the trade and the conditions have improved. Keeping a keen eye on Yesterday’s bottom, we closed just above the 21 SMA on the daily charts, if we push to make new lows I’ll start making adjustments again.

04/28 OEX Weekly Iron Condor

Saw an opportunity to place a small trade on OEX this morning, couldn’t resist taking advantage of the expanded volatility. Won’t be posting a lot of updates here, consider it a dinner and movie trade.