SPX April 1 Weekly Iron Condor closed; stop loss exit order triggered.

Our stop loss exit order triggered and filled a short while ago on this week's SPX Iron Condor. Closing details are as follows:

BOUGHT SPX April 1 2100 Call, 3.55 Debit.

SOLD SPX April 1 2110 Call, 1.15 Credit.

BOUGHT SPX April 1 2005 Put, .30 Debit.

SOLD April 1 1995, .20 Credit.

Net Debit (all four legs): $2.50

Net Credit to Open Position: $1.65

This represented a loss of $(85), or 10% of the margin and our pre-set max loss for the trade.

As I've written other times when we have had to take a loss, it is never an easy pill to swallow. However, in the big picture, I feel it is always best to trade as per the trade guidelines and look forward to the next trade.

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

Dot Hazlin