The fate of this week's ES call selling was determined when the two gap up happened I didn't take any actions. I kept waiting for Syria and Fed meeting to change the direction, basically using such events to delay stop losses. The needed discipline hasn't become my habit and way of natural action. I thought about scaling out several times but didn't take any action. Like I haven't learned enough from last May's loss. I am still not a professional trader/investor yet judging by my behaviors. I was more of a hold and hope armature.
Today's small pull back got me out some calls at the first target of 1721. I have 4 left at closing. I will close them out before bed time since it will close at 9am tomorrow morning.
I will manage the next two weeks positions tomorrow and start my recovery process. Be willing to take losses early and keep them manageable. This should be my last hold and hope. Otherwise I have no way of making it in this business! Am I willing to throw my four year effort away because I have no will of power to change some bad habits?
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