{"id":1400,"date":"2016-07-13T15:47:53","date_gmt":"2016-07-13T15:47:53","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=1400"},"modified":"2016-07-13T15:47:53","modified_gmt":"2016-07-13T15:47:53","slug":"jul-13-rhino-m3-trade-update","status":"publish","type":"post","link":"https:\/\/www.travelsandtrades.com\/?p=1400","title":{"rendered":"Jul 13 &#8211; Rhino M3 Trade Update"},"content":{"rendered":"<p><Start Rant> Not going to lie, yesterday was uber demotivating even with the experience I have in managing these trades. Both my Aug and Sep Rhino trades entered fairly negative territory with RUT @ 1210 which represents a 120 (11%) point move from just days before at the Brexit bottom. It&#8217;s just frustrating since both of those trades were up 4-5% and our balance was finally <\/p>\n<ul>soaring<\/ul>\n<p> after a very difficult year only to have the yearly profits dwindle down to mediocre levels in just days due to a fairly effed up move.  Why was I demotivated? Well, it feels like every trade cycle (45 days) this year has had a challenging 9%+ up move. Those 9%+ up moves are the most difficult type of move to manage in this trade. Since when does the RUT have an up move of 9% or more every cycle? I think RUT is up what 28% from its Feb lows? No matter how you slice it, it&#8217;s difficult to profit in a 28% up move in just 5 months and I am getting sick and tired of mediocre results and the &#8220;of course its up 11% in a week and half&#8221; frustrations. I&#8217;d like to have normal cycles with either a down move, a neutral move or an up move of 7% or less \ud83d\ude42 <End Rant><\/p>\n<p>Anyways, today has given us some respite and on close yesterday I hedged more with 1230 call calendars and some 1180\/1230\/1260 call bwbs. Today I added more and I grabbed some long IWM @ 119.5 to help on any up move. I believe that we&#8217;ll have a small pull back but we&#8217;ll be off to the moon eventually. Things look pretty damn bullish but we&#8217;re in need of a healthy pull back. <\/p>\n<p>On two of my accounts I got off my 1960\/2040\/2100 SPX Rhinos but I never got filled on my main account. I lost most of the profits on that one. <\/p>\n<p>Most of my Rhinos are 1060\/1110\/1150 and 1050\/1100\/1140s with call calendars and call BWBs at 1230.<\/p>\n<p>One other annoying thing, I had some short 1190 and 1210 calls for July that I left on to expire when RUT was at 1100. Lol, I realized 5 days ago that I still had them on and now they&#8217;re worth a lot more lol. Expiry was Jul 14 and there was no reason @ Jul 7 to think we&#8217;d get that high. My bad. I always close these but felt like there was little risk. I guess RUT is up like 10% in a few days&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not going to lie, yesterday was uber demotivating even with the experience I have in managing these trades. Both my Aug and Sep Rhino trades entered fairly negative territory with RUT @ 1210 which represents a 120 (11%) point move from just days before at the Brexit bottom. It&#8217;s just frustrating since both of those &hellip; <a href=\"https:\/\/www.travelsandtrades.com\/?p=1400\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Jul 13 &#8211; Rhino M3 Trade Update<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[26,36,31,32],"class_list":["post-1400","post","type-post","status-publish","format-standard","hentry","category-trades","tag-bearish-butterfly","tag-broken-wing-butterfly","tag-rhino-m3-trade","tag-rhino-trade"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-mA","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1400"}],"version-history":[{"count":1,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1400\/revisions"}],"predecessor-version":[{"id":1401,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1400\/revisions\/1401"}],"wp:attachment":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}