12/14 Daily Summary

We had 1 standard deviation on both RUT and MNX, no changes in any of my trades. I have contingent orders in place for Tomorrow. Notice there isn't much strenght on the 5-day volatility chart, so far so good.

12/11 Daily Summary

Not much happened Today, going into the weekend in good shape. I have set up contingent orders for Monday so I'm ready to enjoy the weekend.

12/10 Daily Summary

Today I started two new positions: MNX Iron Butterfly and RUT Iron Condor. As we approach the end of 2009 I want to spend a few hours a day refining my trading business plan. My goal is to start 2010 with a well defined and detailed plan in place.

Part of the plan will be a review of the blog, note what makes sense and what doesn't, and the best way to maintain records for my positions.

For Today, here are the price action and current positions profile:

12/09 Daily Summary

The markets continue to be range-bound. I plan on entering a few positions either by the end of day Tomorrow or mid-day Friday.

12/08 Daily Summary

It sure looks like the market is behaving very well for income trades in the past few weeks. Notice the non-directional stand on the 5-day price spike.

12/07 Daily Summary

Today I re-start my trading business. I spent a couple of weeks totally flat and without any time to really watch the market and manage positions. As we approach the 35 days to expiration for the JAN contracts I want to start gearing up to enter my JAN/10 trades.

Bellow is Today's price action chart, one can easily see a quiet period on the 5-day price spike, however, that wasn't so quiet on a day-to-day basis as you can see on the 1-day price spike, we have had quite a few 1+ st. deviation swings recently.

11/25 Weekly update

This is still a busy week for me, moving was good but now without Internet Connection it feels like I'm in an island.. One way or the other, the market was good to me this month and my RUT condor got to its profit target without any major worries. I closed the position Yesterday for about 17% ROI, not bad for a set and forget trade..

Should have Internet connection next Monday, so far I don't have any open trades, will wait for the next cycle.

Cheers!
Gustavo