Friday, January 17, 2014

Chaching Friday 1-17-14

It was a choppy and volatile day as expected. But dealing with it is something else. I didn't wait until the last hour to release my orders as I thought to do. Of course it could go up in the last hr. Over all, it was a fair day. I didn't have a big emotional ups and downs. I was doing some book keeping as ES was pushing down. I only adjusted my S5 order back to my original entry. I entered two more cars for Feb 7 at 1740 in fear of my 1730 won't get filled in early afternoon.

I am fairly positioned for the next two weeks in my ES contracts after today's entries. I have one more set to add for each week when and if the market pull back further after the long weekend. Some think the market is getting little tired. I will follow my risk management rules regardless anyway.

There were not much activities in the commodity front. My plan is to reevaluate my LO 90 position after the long weekend with some more decays.

I decided to trade credit spread with my two smaller account. RUT has much bigger spread. It's kind of hard to get filled. I only had IWM spread filled in my IRA acct today. VIX stayed low today. I will observe about VIX's behalves as I am waiting for my position to decay.

"Nature gave us one tongue and two ears so we could hear twice as much as we speak." - Epictetus

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