The reversal pattern of last Nov and Dec appears repeating itself and quick than previous ones. Market took back most of Monday's ground. I used my BBD/M break and pull back set up entered 2 SPY puts for this week and next week. It looks like my level didn't hold. I will exit this week's position on a pull back tomorrow. I entered my first VIX call sell options as experiment in my personal account. It's volatile with low margin requirement and higher return rate if works out.
CL crossed Monday's low and showed some momentum. I have been patiently waiting for tomorrow's CL and NG inventory report before I get in a position again. I may be saved if yesterday's low hold after the report. If not I will have take the stop of March $90 put.
Quote of the Day: Carl Richards, “Investment success is not a matter of more information, intelligence or skill. It’s a matter of behavior.”
No comments:
Post a Comment