Today's NFP report came below expectation (113K vs 155-185K) but much better than Dec's 75K. Market had big swing initially. It kept going up after opening. ES had another 20+ points day after yesterday's pop. It's approaching Fib 61.8% and near testing 50 SMA from below. If these two levels won't hold then it will be back into up trend again. However, the debt ceiling fight is looming again. The deadline is Feb 28. Market may not be worried until 1 week before then.
I had a profitable week despite the two stop out. However, I didn't obey my rule completely to take stop at the first place and take it before add on. Otherwise I would have had more profits. I had to hold back when volatility was high because of these loosing positions. I was concerned if I used too much margins. If I had taken the stop earlier these wouldn't be an issue. Accept losers and I can always recover from small losses. I may not be lucky every time when I delay to take action.
CL had big jump this afternoon. I still don't know the reasons yet. My theses were that CL would stay in the balance range because there were clear rejections in testing both low and high of the area. I entered selling call orders and got blown out. CL reached $100 today. I will have to watch my risks next week. I also need to learn more about this product's characteristics.
The VIX trades worked out well in QII account. I took 95% profit for this month's position which I entered 4 days ago. I can still expect a fair profit in my personal account despite the loss of my first trade and the call hedge. This is a good addition to my ES trade with very low margin requirement when I have ES puts on.
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