The tension between Russia and the Ukraine triggered my stop on the March 1 Credit Spread.
Futures were trading sharply down last evening, and that continued into the open this morning. Shortly after the bell, the stop limit order executed to close the open weekly position for a debit of $1.60. This resulted in a loss of $-80, which was the pre-set loss for the position. It's never a good feeling to have to take a loss, however, having the closing order in place removes the question "will it rebound"? As I've said before, particularly with weekly trades, it's best to just stick within the guidelines and exit when the plan calls to do so.
A new position will be entered Friday, as long as market conditions are within the guidelines.
As always, stay keen on your risk management and trade carefully,