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Out of NTES at 50% gain. I think I could have waited longer for higher gain but I've been burned too often with this mentality. So I stick to my plan of profit exits at 40%-50%.

Just to follow up a bit on this point about my personal results with CML trades. I'm up to 62 total CML trades so far with an average holding period of 12 days and an average gain of 4.1%. I realized after looking a little closer that if I removed the post-earnings short put spreads and the iron condors, my results were actually pretty good. For pre-earnings calls, I've made 21 trades with an average holding period of 4 days and an average gain of 5%. For straddles (most pre-earnings, but a few post-earnings), I've made 12 trades with an average holding period of 11 days and an average gain of 16.3%. I'm just going to keep going. Have limited time and don't want to hijack the thread, so I'll just try to post aggregate results after 6 months and maybe after a year of trading them.

Also, look at this. TGT Long Strangle. I've compared Straddle and Iron Condor but Strangle has best return in back-testing. The 3 year doesn't look that good -- but things have changed more recently for TGT so I'm discounting that time period. I think the chart pattern is looking similar to last few patterns pre-earnings. So a 7 day straddle that will -- or will not -- be profitable in 3-4 days and then i would expect to get out unless price pattern is compelling to stay. Small position, not betting the farm. http://tm.cmlviz.com/index.php?share_key=20171106045140_NRgH3IcSz9Ecd9cn