Closed RUT 690 Call Calendar -7.5 (-26%)

With just two days left till expiration, I didn't want to risk any further losses so I closed the calendar (placed on 7/21) nearly four weeks ago for a loss of 2.75 (-26%). I let this winner turn into a winner because I wanted to get more out of the gains. At one point I was up over 20%. I wanted as long as I could for a pull back , which happened today to some extent. The market pulled back due to weak retail sales.

Just glad to be out of the position with a smaller loss than yesterday, which was as much as 50%.

Lesson: Try to keep with the plan and don't get too greedy and be prepared to exit if positions turns againist you. Follow your trade plan.