RUT 470P calendar 9.25 debit CLOSED 33%

7/8

I closed the calendar spread. I placed the order to exit at the S1 level of 480. The RUT hit below that level. It got as low as 470, but I was satisfied with it hitting the S1 level.

The key is to put in trades well in advance when your mind is clear and don't enter or exit trades during the day when the markets are open. I prefer to do my research on the entry and exits on the weekends and after the market close. It helps eliminate some of the emotions during the trading day. Looking at the daily and weekly pivot points provides an invaluable tool for forecasting where the RUT might potential hit.

I love http://www.mypivots.com/ I visit the site weekly to get my weekly and daily support levels for the RUT. Since the RUT is not there I use the RUT futures (/TF).

Entry/Exit/%gain
9.25/12.3/33%

6/26

Well its 1 day after I put on the trade. The RUT rallied and I'm down a bit. I think that it has to do with the funny effect of the RUT rebalancing.

I think I may put on OCO order to exit either at the S1 for next week or if my profit objective is reached, which everone gets hit first.

6/25

TRADE SETUP:
BOT CALENDAR RUT 100 AUG 09/JUL 09 470 PUT @9.25 ISE, RUT MARK 503.11

Max Risk = 9.25

Profit TARGET: +20%
Loss EXIT:-25%

TRADE MANAGEMENT: Exit if reaches loss EXIT

Did I plan my trade & trade my plan? -