Saturday, October 18, 2014

A Big Pop 10-17-14

Indices popped up after European session started. We had a 16 points gap up in ES by the time US market opened. There was another 20 points up from open to noon time. Then came to the pull back when it touched daily Fib 50% RT. Volatility is still high. I didn't get any of my credit spread or VIX filled. I only exited one ES expiring today to free margin for another order. The new order entry proved to be conservative in price even it was 160 points and only 2 weeks away.

Grains finally had a pull back before the weekend. I closed 6 of my puts with mixed results. I really mismanaged this month's puts and made a fool of myself. I will analyze my mistakes on my weekly review tomorrow. I am still not handling my emotions and decision making process well enough to get consistent results.

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