It was a week of improvements in emotions and practices. I traded much less in grains and adjusting indices to longer time frame. I am more patient in holding profitable positions and let them decay further. The week had a profit of $1.3K with all winners in indices options.
I started to post my daily trades on KST Yahoo group in order to make myself more accountable and honest.
Indices made new highs. What's more likely to happen next? A lot of talks about bobbles. Giving the over two months of building the base and thorough auctions it's likely the market explore the next trading range above. I am a little overloaded in RUT bear calls. I will manage and reduce my risk from the puts side.
Next week is the monthly options expiration week. I will have more positions off from grains and indices. My trading is moving back into the basics, More risk control and simpler. The grains losses taught me a big lesson of greed and fear. Over confidence is the enemy of trading success.
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