Overnight with SPX will eat you alive. I've proven that over and over and over and over so that I'm OVER that. I can consistently make money with Day Trading, and have, trading it only on expirations. What got me into trouble this time was not paying sufficiently careful attention to what's going on in the environment. I missed that FED statement yesterday which is what caused it to tank. On Monday I 'fixed' a perfectly good trade that would have put me considerably ahead. TWO serious mistakes in two sessions that were completely avoidable had I been just a tad more diligent and a tad more cautious. I've no one to blame but me. The way to correct that is to know more about more than I have been doing. I was doing 10 days, back when I started, and that is what killed me in October and every time thereafter; when things, quite suddenly, spiked not 100 points but 60 or 80. With 10 days, even with the wider margin, the time decay isn't enough to make it worthwhile if you exit before expiration and, if you hold to expiration, there's a very large chance that it will go South before the closing bell, or so that is what my experiences have shown me. Even so, I'm greatly encouraged by what I've learned and will strive even more diligently to avoid the mistakes that cost me so dearly this time 'round.
Back in the game today for a $507 net gain. Three IC's two contracts each. I gave this one very wide berth.
So a total of 6 condors. That's $84.5 net per condor. What time of day did you place your order? Can you post a screen shot of the filled order showing prices for each leg?
I can't b/c I didn't make one. I think I used around $600 BP for each trade for between $0.85 and $0.90 per x 100. I actually entered the order at around 10:00.