Thursday, December 3, 2009

Iron Butterfly

Heres an idea for an income trade for Jan, its an iron butterfly. I would want to get out in about 17 to 20 days. I will probably be setting something like tomorrow or Monday. I feel like Monday would be better to set this trade, because it would be more consistent with my trading plan. Being consistent is a very important thing to me, so Monday will most likely be the day, but if not I'll post the trade when I set it.

1 comment:

  1. Nice strategy, and with insurance... you trade it with 15% or 20 % Profit Target???
    Do you adjust it if neceseary?

    Thanks
    greg

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