9th May, 2013

Observed that 40.5 in M5 was not getting blown at all, even though other contracts had come in offer. + there was heavy volumes in M5:M6 1 year spread. Took M6 long, got out through the 1 yr fly, and comfortably held M5 long for 2 ticks.
Main thing is, even though profit actually came in M6 first, it was psychologically easier to hold the M5 position since the bid never got blown.

Need to be more efficient while trading reds, especially when I start getting priority fills and suddenly the price gets blown.
Better thing is to hit a price, and always always have some backup to hit.


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