ES looked ready to push up in the morning after overnight's double bottom and rejection. It was above CHVN and it opened higher. It quickly turned negative. I tried to go long at O/N low and clvn but both got stopped out in sim. It went down to 1663.5 and filled a old gap. It was a 21 points swing. I was way too early to put in my put scalping order thinking the double bottom and last swing low could hold. Today's pattern was just opposite of the last few days. My 1650 put of $65 was crashed big time up to $305 despite I added one more at $125. I wasn't totally prepared at all. Luckily the options are fairly forgiving especially near expiration. My positions were recovered mostly by the day's end.
My head wasn't very cool before noon, partially I had to deal with the Deloach's problem. I didn't have a good sleep last night. Some pro traders have a rule of not trading if they are upset or didn't have a good sleep. Get to pay attention and recognize my own emotions and state of mind.
No comments:
Post a Comment