Monday, April 28, 2014

Monday Trending? 4-28-14

It was a wild day. ES broke both Friday and overnight high and low. It opened higher and started selling off at noon. Was it Ukraine related? We didn't know at that time. I didn't over react to the big push down. I was entering bull puts 1 or 2 at the time taking measured steps. However I made a mistake by buying 1760, 5/9 instead of selling it. I didn't follow my procedure of order entry. It indicated that I wasn't calm enough in the heat of market movement. I did well in two entries of S5.

Grains held up well. Exports appeared slow down. Planting progress and weather conditions are in focus now. I will stay with seasonality and trend. No fill today and I am not in a hurry. It's a new options month.

I studied NG over the weekend and decided to add it to my trading arsenals. It has good volume and reasonable margin. It can be volatile with higher premiums. I had my first order in to get a feel of it.  

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