Wednesday 7/30 Recap

Overall Summary:

We got LUCKY!  That Twitter trade we shouldn't have been in came out favorably for us.  So we realized $33 in gains today on that position.  Yeah...  The one we should have gotten out of before earnings yesterday.  It could have easily gone against us.  But yeah -- lesson learned.  I'll be paying more attention to those dates in the future.

Since we still have six positions on in our account, I'm not looking for new ones right now.  That will be changing soon though as we see how things are working.

Current Positions:

AAPL -- Apple (Sold August expiration Put vertical 95/94.29) -- Looks like it's bouncing down from yesterday's high.  It's probably going to hit our trail stop in the next couple days, but that's okay because we'll still be profitable, just not as profitable as if we had gotten out two days ago.  But, we're okay with this because it fits our rules and strategies, and we're not full-time traders.

GLD -- Hey!  Today with the trail stop we have in place, we are guaranteed that the worst we can do on this position is break-even.  Huzzah!  I like it when that happens.

IWM -- 

1. Vertical call option expires in August -- Just keeping an eye on this one.  Still not ready for a trail stop on this.  Same $0.08 "window" between current mark and our loss-side stop. 
2. September expiration Iron Condor -- We're past the $0.10 window for a trail stop, so I'm replacing the loss-side stop with a trail stop. 

QQQ -- nothing new to report tonight.  Patiently waiting on both the vertical and the iron condor (both September expirations) to move so I can put on a trail stop.

Running Record:

At the moment, with our new tracking system in place, we are running 66.67% success rate, and net gain of $31 so far.  Hurrah! (Even though the Twitter one shouldn't have happened, we're human and not infallible.  Sometime, we're going to make mistakes, and they're not all going to be pretty, but it's still counting in our totals.)

Overall, two weeks into our new strategies and rules, I'm liking them.  So far, our system seems to be working.  We'll give it at least another month before making any moves on our live money account, and we'll see what happens.

Overall a good day for us = a really short post.

Happy Wednesday all -- have a great evening!