After the markets fell yesterday, they entered the tent of my butterfly giving me the most profit. It has been brought to my attention that when I last updated the position, I did not use the proper rules of the M3 and the $4,580 can be regarded as a fluke since I would have only made money if the market had gone down which it did. The rule I did not follow was to keep my t + 0 line flat so that no matter which way the market goes there will be no severe losses. Since I did not adjust it in this manner and only fixed my Delta value, the t + 0 and risk profile curved down in front of the tent of the butterfly. I apologize for this mistake but am still satisfied with the return. I will be putting on the September position on Monday.
No comments:
Post a Comment