InvestorsHub Logo
Followers 158
Posts 21233
Boards Moderated 4
Alias Born 02/16/2004

Re: spdpro post# 6137

Wednesday, 07/15/2009 3:42:28 PM

Wednesday, July 15, 2009 3:42:28 PM

Post# of 10364
My half Condor . . . . ...

I posted the remains earlier today here: #msg-39557692
Still holding ... Profitable as long as QQQQ <= 37.
I never did open the Bullish side of the Condor (vertical put credit spread)
only the Bearish side.

The BIG Lesson learned here is to always do a Full Condor ...
don't try to leg into any spreads ever.
Even if all is going in your favor for a while on getting into one leg ...
it's bound to come back and bite you.
The whole purpose of a spread is for added protection / safety.
I know you're giving up some Profits to get that lower risk,
but that decision was already made by deciding to spread ...
live with it . . . just like controlling your emotions
when you leave some Profits on the table by exiting too soon ...
live with it .. steady Profits is the way to wealth.
Losses eat away at your growth towards that goal.
I am aiming for steady, stable, and continuous Profits by Trading Iron Condors
during what was a sideways Market.
I will stick to that from now on .. Opening Condors and
adjusting both sides to maximize Profit as the Market moves.
.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent QQQ News