Thursday, April 17, 2014

Chaching Thursday 4-17-14

Weekly options expired today due to due to tomorrow's market closing for Good Friday. It was a $3K winning week but I made some poor entries from early on. I let my guard down and influenced by Dirk's aggressive bull puts. I am saved by the last 3 day's bounce luckily. But how many times can one be saved by luck? The only reliable way to trade professionally is strictly following rules and stay disciplined.

All of my credit spread are closed with profit. VIX bear call worked out too. I made a mistake by closing IWM 1110 instead of 1120 this morning. I didn't realize I was intense, controlled by emotions. Then I moved my 1120 exit price up to get out too early. Although it didn't cost a lot but was bad execution.

Grains holding up with some signs of weakness. Despite strong export data soybean and corn went down but recovered some at closing. Wheat closed below $7 for 2nd day. I will exit out my 680 position next week.    

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