Crazy Trade of the Month: RUT (BLPS)
Ok, so in the final few minutes I was posed with a trade that I had neither warm or cold feelings toward. However the sizing was very large! Thinking to myself that since this particular trade is in my paper account, why not roll the dice.
So 30 seconds later, maybe one minute. I thought about how if I had this in my real trade account would I do it. I immediately said no. Not just no but HELL no. It breaks my rule of no more then 2% on any one trade. That's my most cardinal rule. I learned the hard way that my success comes from multiple trades over an extended time. Not just Vagas style rolling of the dice.
So here is the trade:
RUT BLPS 760/770 for a credit of .67 but at 50 Contracts! I'm just going to take my lumps and get the hell out.
So 30 seconds later, maybe one minute. I thought about how if I had this in my real trade account would I do it. I immediately said no. Not just no but HELL no. It breaks my rule of no more then 2% on any one trade. That's my most cardinal rule. I learned the hard way that my success comes from multiple trades over an extended time. Not just Vagas style rolling of the dice.
So here is the trade:
RUT BLPS 760/770 for a credit of .67 but at 50 Contracts! I'm just going to take my lumps and get the hell out.
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