It was a inside day for ES. Equities attempted to push high in the afternoon but only got pushed down at closing. Some said because a lot of major players were not back in business yet. Next week may tell us the real mood of the market.
It was a profitable week for me. All of my puts sales expired worthless. My CL position is not that lucky though. CL had another 1.5% drop after yesterday's near 3% drop. It's site at 78% RT from Dec low and 62% RT from 2013 low. I had 1 file for my Feb 90 put. It looks like it may be down further. I added one more car near the high of price. I still moved my entry a little. I have to take a stop if CL closes below key Fib levels next week. It was not a well thought and planned trade to begin with. Picking out March contract was not my rule of engagement.
I will need to work on my trading plan this weekend. I have define my rules further with each type of contracts.
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