Recap Friday 7/18.

Tonight's Trading

Tonight was an easy one.  Recording the closing of IWM (profitable!) in my spreadsheet and put on the close orders for the QQQs Iron Condor.  

IWM -- We are net positive $4 whole dollars (in paper money) on this trade.  Wow!  So it didn't offset the loss from yesterday completely, but ti's still a positive!

QQQ -- I got into the trade, so tonight was putting on my OCO stop orders per my goals/rules.  That was easy!  

Although, looking at the chart, I'm not sure a condor was quite the way to go for this one.  I might get pulled out at my max loss if QQQs continue to run higher.  We'll see what happens.  If I do get taken out on Monday, I can always come back in with another trade, I hope.  We'll see what Monday does with this. 

Overall stats for the week:

• 1/3 favorable closed trades
• Negative net of $11 off closed trades.  (Yuck!)
• Total trading we are still net positive.  

I think I need to see about our positive stop point.  I wonder if we're being too aggressive in our goal there.