03/24 Daily Summary

Today was a great break for my set of positions! I added a new iron butterfly for this week, it is my last one for the APR contracts, next weekly trades will be on the MAY contracts.

03/24 NDX Iron Butterfly

Moving back on the profit chart. No touch on the trade Today. If we move down a bit more it will be approaching my target profit.

03/24 NDX Fast Iron Butterfly (from 03/22)

Decided to go ahead and enter the position for this week. I didn’t do it on Monday due to limited time, that actually worked in my favour as I didn’t have to go through Yesterday’s upside move. I got in early morning Today and as the market kept going down it made the position profitable right from the start.

03/24 NDX Fast Iron Butterfly (from 03/15)

Moved away from the stop point, almost in a profitable situation with the trade. Let’s see what the next few days will bring.

03/24 NDX Fast Butterfly (from 03/08)

As we pulled back this morning I put in an order to get out of ½ of my remaining butterfly. I wanted to add another position on and didn’t feel right to leave the full trade as it is hovering the stop loss zone. Today’s price action helped a bit, plan to fully exit the trade in the next day or so.

03/23 Daily Summary

I can’t see any clear signal that this bullish movement is about to stop. All I can see is a long wick at Today’s candle on the NDX, but that may or may not mean much.. So far it has been rough on my bearish butterflies, I had to hedge and exit each and every one of them for the past 2 weeks. The Monthly Iron Butterfly for APR is doing ok, no issues there.

03/23 NDX Iron Butterfly

Got back to break-even, not a big deal, so far it is within the no adjusting zone. If we rise above 1975 Tomorrow then I’ll hedge the trade and start adjusting to the up-side.