It was a relatively quiet week. ES had been in a range bound in the hindsight. It was volatile during the development of the range. Highs were sold decisively and lows were rejected forcefully as well. I made an operational mistake by clicking buy instead of sell button on ES 1760. I didn't immediately correct it and was thinking to use it as a hedge as the market was pushing down. I waited and hoped until it lost 90% of its value. The loss was $128 but the way I handled it was not acceptable. It must be correct immediately when a mistake happens. If I need to hedge or use whatever different strategy I must redo it.
Grains were in a larger scale of range bound too. It's in a planting and weather news driven phrase. I entered some positions in both sides. They are decaying so far in the range. Let's see if new trends would emerge next week after Friday's USDA Production report.
In the energy front, NG made a b/o on daily to the down side. I will manage my bull puts of 4.3 and 4.25. CL was in $100 range and I didn't have any new positions.
I entered couple of RUT spread with higher risk. I need to be more patient and keep learning the market and price behaving pattern. VIX has been working better for me and I can increase the size of it.
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