Saturday, November 2, 2013

T.J. 11-1-13 A Small Chaching Friday

It's Chaching Friday again. My gain was smaller due to the stop of 1760 calls and lack of pb before FOMC. Combined with Thursday's month end expiration it totaled to $930. I didn't have any fill today despite more than normal orders pending ES didn't came far enough to my expected levels and I didn't chase them much.
I would rather wait to see what early next week will bring. My expectation is that the market may pull back further to BBD/M and MACD has 2 red bars so far. There have not been enough volatility. Today's push down at closing showing that sellers are still active. On the other hand I am prepared to be left behind if the market start to go up early next week.

I feel frustrated that I didn't have any new position today. I am learning to accept it as part of business, in business and life you don't get what you want every time. Guess I just need to follow my rules and wait for the market come to me.
 

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