Today is Monday and the beginning of Dec. It appears that volatility is coming back. ES reached 1812, Fib 23 target last Friday although it was only a half trading day. It got sold pretty hard before closing. Today ES had a similar pattern. ES 11.75 range and reached all of my three support levels. Now I have to learn to incorporate the levels into my orders during the heat of price movement. I often forget to check these levels while totally concentrated on price movement.
I closed my CL put position when it got to over 80% profit and 17 days left. It's a good practice to lock in profit with this kind of volatile asset.
I also got in a put of ZB weekly put for the first time. This seams a different type of future option. It can be slow for days then make a sudden big move with rate related news. It's not decay much with only 4 days to expiration. I have to be careful with it.
I started my first credit spread in live account entering IWM 2 weeks out. It had 1% drop today and I am only 2% out of money. I wasn't patience enough to wait for it testing Fib 38%. I will have to exit it if this pull back continue for 2 more days. I didn't even check risk / probability profile before the trade. It also has a $750/$90 RR ratio.
It's likely another down day for tomorrow base on today's closing. There are some low volume areas below. This could be a pull back needed before they run up to a new high by year end. If this pull back become a more serious correction I will need to take my stops swiftly.
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