Volatility increased on Wednesday this week. Indices bear flags are still waving on Friday's closing. My attention is switched back to indices trading now. The P/L for the week is $2.88K including $1.3K in old wheat trades. I made two trading mistakes on Thursday which I listed on that day's review.
Grains were some what weak with wheat been down the most. I got pinned at $5.0 for wheat's expiring contract. I will lightening my wheat bull puts on Monday before the USDA Acreage Report.
My plan for next week is to continue implement Karen's far OTM system, further research IB' risk analyzer. With that tool, I may need to reduce my risk further.
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