Friday, May 10, 2013

T.J 5-10-13 A Can of Worms

Things could go from bad to worse when you make a mistake and don't correct it quickly in trading. It's like opening a can of worm, things just getting messier.

ES started exploring both extremes, like yesterday afternoon. It may have to do with Ben's speech. I was able to get out another car as a stop loss. There are two more left for a new low test. I will have to take a bigger loss if my expectation is wrong. So far both sides are defending their lines and ES is in a range bound with a slight down side bias. Anything can happen in trading. Just follow the rules and don't be wishing washing.

I am finally all out of this week's calls with $470 losses. It could have been much worse with -1400 at one point. A big lesson learned on discipline of obeying rules.

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