Sunday, June 23, 2019

Intuition solves the NDX trade; "trade small, trade often" for real this time

As I mentioned last month, it wasn't clear to me when I should put on the once-a-month NDX trade ... so on Thursday I was waiting and watching and it just struck me just before 11am PDT that it should work at that point. So I pulled the trigger, selling an iron condor (7770 short calls, 7650 short puts, 50-point-wide wings) for $6.11 credit.




It expired worthless the next a.m. as I'd intended ... so instead of being mechanical on this one I think I'm just going to let my intuitive impression pick the time ... and possibly stay out completely if it doesn't smell right.

But that next trial isn't for another month ...

So in the interim to keep the Trump/Powell circus from having such an effect on results, I'm diversifying into a wide list of underlyings from the Tastytrade list ... I put on a bunch of these Friday near the close and am going to add to about 50% of the account on Monday.

More next week!

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