The only other trade we made today was a multi-contract ladder option play on oil using two 50 contracts on each side of the trade (more explanation later). Lets start by taking a look at our biggest winner for the day, on the good ol SampP500 index.The other standard high/low trade which we made was really just an extension of the first trade in some ways. But we felt that if one of the indices were to perform more poorly than the others, it would probably be the NASDAQ based on its recent history. So for that reason we purchased a 100 put option on the NASDAQ for the same end-of-day expiry rather than just tacking on another 100 to the SampP trade. In the end it didnt really matter, the outcome would have been the same regardless ofwhich way we did it since the declines came across the board. Unfortunately we forgot to screenshot the opening chart for this trade, so here is the daily chart instead.Last up for the day was that ladder option trade. Even though it is two separate 50 contracts (made up of four 25 contracts) it was actually all one trade. You can see where our cursor is in the image below of the opening chart for these ladder options trades, and that points to the area where we were aiming for price to finish up at. The way this strategy works if price finishes anywhere between the two levels then all contracts pay out. If price finishes below a level then half the contracts pay out, and if price finishes above a level then half the contracts also pay out. It is a low risk, low reward strategy in general, but can result in good returns overall. Today was a split finish day, with two of the contracts finishing ITM and two finishing OTM for a modest loss. Lets take a look.Total Trades:Two (2) Standard High/Low Four (4)Ladder ContractStandard Trade Outcomes:Two (2) ITMLadder Contract Outcomes:Two (2) ITM Two (2)OTMTotal Investments:450.00Total Returns Received:687.05Total Daily Profit/Loss:237.05 DailyProfitDaily ROI:52.68Daily Net ROIPretty good day for how little time and effort we put into it. Well certainly take that kind of hourly wage any day. However, our confidence level regarding where markets are headed from here is not exactly at a high point. We lean fairly heavily towards a pullback, but weve been right on that score too often already at this point, and are about due for a mistake it would seem. We will probably be adopting a cautious approach to our trading until the markets can provide us with more conclusive information about their future. Until next time people, trade smart and get luckyTodays pullback makes three. Todays action has confirmed Tuesdays peak and marks the third time in as many weeks that the major US indices have made a run at the highs and failed. If I were of a bullish inclination that would certainly worry me. Luckily I am already bearishly inclined so that isnt a problem. This is actually the first time that we have had the chance to trade and post to our trading journal in over a week due to some other priorities that must be addressed. We did, however, get in a little trading today so we may as well report on it. Although it wasnt particularly impressive trading. Taking a look at the SampP500 index in the daily chart below we can see that it finished up well below that 1880 level which many technical analysts have been talking about and watching.For our trading today we kept it fairly light, making just two standard high/low trades, and one ladder option trade consisting of four separate contracts of 25 each. Both of the high/low trades were made on major US indices for an end-of-day expiry based on our fundamental views, rather than the current technical picture at the time of purchase. Unfortunately most of the days declines took place before we ever even started trading, so we were lucky to get a 1-and-1 split even rather than a total loss. Lets take a look shall weThat amounts to some mild losses for those trades. The ladder option trade went somewhat better but as far as absolute profits earned it still doesnt amount too much. Not evenenough to offset the minimal standard trade losses. The trades below can actually be considered to be one single trade, with four separate contracts. Two are purchased above current price as Below contracts, and the other two are purchased above the current price as Above contracts. This is part of a simple ladder option strategy we have been working on developing for ourselves. Lets look at the ladder option chart for oil at the time of our trade.Total Trades:Two (2) Standard High/Low Four (4)Ladder ContractStandard Trade Outcomes:One (1) ITM One (1) OTMLadder Contract Outcomes: Two (2) ITM Two (2) TIETotal Investments:300.00Total Returns Received:290.07Total Daily Profit/Loss:-9.93 DailyLossDaily ROI:-3.31Daily Net ROIWell, so it turns out that today was actually a very small loss instead of the very small gain we thought it was before adding it all up. Not that we can get too upset over a whopping ten bucks, but profits are always nicer of course. Unfortunately we cant be sure when we will have more time to ourselves for trading and publishing of our trading journal, but it certainly wont be daily for the next month or so anyway. We will try as often as we can though. So until next time folks, trade smart and be luckyGood afternoon everyone We hope that these markets havent been treating you too harshly lately. We just wanted to post a brief update regarding why publication of our daily trading journal entries has stopped all of a sudden. Unfortunately, we are currently dealing with some severe problems related to our rankings in the various popular search engines. Because of that we have been forced to concentrate all our efforts towards finding out where the problem or problems lie, and then of course we must go about actually fixing those problems. Until we do that we would be writing to an audience of just a small handful. Which it is hard to motivate yourself to do. Nevertheless, we would still do it because those return visitors that track our trading journal deserve as much for their loyalty. However, it is simply a matter of not having the time available for now. Indeed, we have not even been doing any trading which we could report on.We want you to know that we are working very hard on resolving this problem in a timely manner.