ES tested CLVA between 1656 and 1651 in the morning. I thought it was going up further to 1660 test last Friday's high since it broke O/N high first. I thought ES would be able hold O/N low based on FT's stats that ES would break only one side of its o/n range 85% of the time. However it took the 25% of time and broke o/n low to a new low of 1642.
My plan was exit out my corn put sell position and ES 1625 put for this week. When the corn put price came to my target of 5.50 I started messing the order between 5.5 to 5.25. It was a very small amount but my emotions were high, fear of missing and greed of making few more bucks. I ended up moving it to 5.375 between bid and offer. It closed at 4.75. Another one was ES 1625 put. My plan was exit at 2.75 to take risk off since there was less than 30 point to strike. I moved my order to 2.55 and reduced the size to half. I ended up missed the fill which hit 2.70 and the position is under water again. FT has addressed many time that professional traders don't alter their orders if they plan didn't call for. I have a bad habit of altering my target based on my emotions. Two of my weak areas are 1, not honoring my stop, 2, messing with targets. Am I a pro and do I want to be a pro? Yes.
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