This morning's bullish open was not what the weekly Iron Condor was looking for.

As I wrote in my trade update last evening, I felt it was best to close this position as the adjustments took away all potential for gains. Shortly after the open my exit order filled for a debit of $2.50, resulting in a loss of ($120) for the trade.

I am not entering a new position today; will let the market continue (hopefully) to some sort of range trade "friendly" to non-directional weekly positions. As I've mentioned before, it is quicker to recover from a losing position on a weekly trade rather than a monthly, so we continue to "live to trade another day".

I will post an update on the November IWM Iron Condor over the weekend.

As always, stay keen on your risk management and trade carefully.

Dot Hazlin