04/16 Daily Summary

Two back to back 2+ standard deviation days, is volatility coming back? Don’t have any position right now, likely to enter on Monday.

04/14 Daily Summary

Closed both my remaining positions at their stop levels Today. I am actually glad I did get out of them around 2015, it would have been worse otherwise. Will enjoy a few days without anything on, and come back with only one trade next week.

04/14 NDX Iron Butterfly

Here is what I have left on the trade:
2x APR 1900/1825 put credit spread
Reached my stop loss on the trade as we got to 2015, not a good month, specially hard because I feel this could have been avoided or traded differently. Need to go back and review the trade to see where the lessons are. -12.33% result for this month.

04/14 NDX Fast Iron Butterfly (from 03/15)

Here is the inventory of what I have left on this position:
-2 APR 1900/1800 put credit spread
Shut down the position Today early in the morning as it hit my stop level ~2015, turns out I’m glad I did as NDX kept pushing higher to the sky and beyond.. With 2 days to go, will leave the Put spread alone. -12.15%

04/14 Morning Assessment: Sideways (Down)

It looks like we’ll be finding some resistance around these current AM levels 2016 on /NQ seems to be the high for the Overnight and AM sessions. It seems we’re “rotating at the top”, likely to pull back and fill the gap.
I had my last two positions hit the stop level this morning, so no longer have any trade on the board.

04/13 Daily Summary

I did not expect the market to push higher Today, based on what I was seeing early morning I decided I could let the positions go one more day. Not quite the best decision I’ve ever made, now will have to deal with the gap up at the opening that seems to be developing for Tomorrow.

http://gustavotrades.blogspot.com/2010/04/title-0413-morning-assessment-sideways.html

04/13 NDX Iron Butterfly

Here is what I have left on the trade:
1x APR 2025 call
1x APR 2000/2025 call credit spread
2x APR 1900/1825 put credit spread

We’re breaching the 2000 area, not much else left to do but to exit the position. Frustrating as it is, the fact of the matter is that this position had a very short time-frame in profits, the Thursday before the weekend was just about the last day to lock in profits, you snooze you loose seems to be the lesson learned here.