ES made a new high of 1898 and SPX crossed that big 1900 Intra-day but closed below it. ES is still holding the bull flag pattern at closing. There have not been any meaningful pull back for me to sell any puts for the last several days. I closed out my positions this week to free out of my margins.
Wheat and corn are both down today but traded in yesterday's range. Soybean popped 18pts on news of China's high price of soybean auction. I got into couple of trades in wheat and corn from opposite directions today. Nothing major though.
My big problem is in NG now. It continued to move downward for the 2nd week. I am near 2X loss limit in both 4.3 and 3.25 positions. I don't know enough about this product and relied on the seasonal trend too much. This is a volatile product and trending very strong. I knew I needed to paper trade and watch it for awhile before trading in real money. It's the habit that I tend to close my eyes and jump in. FT mentioned it as a self-discipline issue. I will leg up and prepare to roll over. Also need to keep it in mind that Thursday's inventory report. Let's see if we will get a bounce before the report.
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