RUT Wrap-up for April...

Today was a bitter-sweet day.  It was the final day of a profitable Condor Campaign for March, but it was also the day of another position taken off for a loss.  This morning I had to make an early assessment of things.  While the market was up at 6:50am (PST), I didn't trust it.  I put an order in to sell my put spread if it got much lower.  Later in the day, of course, it did.  When the RUT dropped two things happened... first, my put spread sold at a loss, and second, the final call spread sold at it's profit target.  So all at once it was over.  I didn't go check the exact times these hit, but it was sometime in the middle of the day I imagine.  Here is a summary of all the positions taken for the month:

This is a clip from my actual "trade log".  As all good traders do, I log each and every trade with a great deal of information... much more than you see here.  This is the key information, however, for our RUT Condor Campaign for March.  I noticed after I created the table that I left one more leg off.  My first leg of the month was a 560/550 call spread which was closed out profitably.  In the end, we closed out the month with a little more than 4% profit.  Not the greatest month, but at least it was a profit.  I'm happy with that.  Hopefully this gives the reader an idea of what a typical month looks like.  I put on seven legs, two lost and five won.  One of the interesting points here is that all five winning legs were bearish, and the two losers were bullish.  That tells you something about this market.  Be careful!

Good trading...