ES and NQ had 2% up today, their best performing day in last three years following their worst day in less than a week ago. I followed my plan to exit my SPX 1880 bull credit spread with a 35% profit. I could have got more out of it but it wasn't my plan. So I am happy with it. I entered two ES bear calls puts for Nov week 2 and 3 right at 2005 and 2015 when SPX near FIB 62 RT of the sell off. They looked a little premature now. I will manage my risk accordingly. I tried SPX bear put spreads but no fill. I will wait for a better time and place them above the all time high.
RUT is up to trap the bears now. My bear call spread of 1120 is endanger of ITM now despite only two days left. It looked so promising during that down turn. I have to find out the expiration settlement process and decide if I should take a stop tomorrow.
Grains were up cross board again today. I still don't have a clear picture of the trend nor a strategy for grains. I bought a wheat call for Dec to hedge my puts and corn, soybean puts expecting the down trend would continue. I am still upset that I let most of my Oct puts slipped into losses. This emotion may have clouded my judgement. Watch out for revenge driven actions. My subconscious is telling me to step back and clear my head first.
I didn't get my morning plan done today. I was pulled into actions immediately this morning. I will try to form a habit to plan in the morning.
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