The market kept falling last night fueled by Japan's drop and China's low PMI report. ES gaped down and never looked back. At this writing of 3:50 pm, it's down 43 points
I made another mistake again when trying to get out of 1585 scalp position. I lowered my price hoping to get a $5 better price from 95 to 90 which is LOD on the option. I missed it and now is $5 in the money. I have only tonight left to work on this position since this is a quarterly options. ES options can be very volatile. Yesterday and today have shown how things can change in a short period.
For the last 2 month I lost money on Fed meeting week for options of ES. Got to learn not to trade much on the fed days. ES is down 40 points at closing today. This could be a game changer point for market sentiment and directions. I must keep in mind taking a long term view when evaluating my entries.
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