Closing my VIX position
Wednesday, February 24th, 2010As of Monday Feb 22, I went ahead and closed my position on the $VIX.X March $20 Calls. The contracts were taking a hit after no direction in the markets. I took a small LOSS of -13.50% and decided to move the funds to another position. Please see my 2010 Performance where you will find all of my individual transactions.
ABOUT THIS AUTHOR
I’ve been trading since early 1990s in the markets. After having lived through the DOT COM crash, as well as the bounce thereafter, I realized that in order to make money in the market our EXITS are far more important.
Patience + Discipline + Money Management + System = PROFIT
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