I am glad to hear we had quite a few M3 winners for January! It was a winnable month for those who were very aggressive with upside adjustments. Unfortunately the Website Trade did not fare as well 🙁
I decided to close out the January M3 position today. The loss after commissions was 1816.50 or 3.6% of planned capital, not bad considering the really bad entry and mistakes that were made.
I like the prospects in February much better, so I opened the February trade by buying 10 850 put butterflies and 3 830 RUT calls.
The Jan and Feb Bearish Butterfly trades are still untouched.
I have decided to start tracking the new Rock trade as well however the trade will only be updated on a weekly basis as it can have a lot of adjustments and I really don’t have the time to post them all. Currently the Jan ROCK trade is up very close to its 20% profit target. I will attempt to show it to you in back trader on the weekend update.
That is all for now, happy trading!