It was a low volatility week for both indices and grains. Indices had a reversal to upside week without any meaningful pull back. I didn't have much activities other than sold couple SPX naked puts on Tuesday. I traded Thomas's weekly vert scalping again this Thursday and made a quick profit. There were only 5 positions in this week with $860 profit of all winners. Due to the low vol my sense of risk was relaxed somewhat. Keep in mind the market could change direction anytime without warning. One notable mistake I made this week was that I exited out ES 1930 put on Monday. The decision was affected by frustration of a bad entry and fear of underwater again. The position didn't reach to my rule of adjusting at 30% PITM. I need to set a rule of scratching a position. It may involve volatility level, days to expiration, etc.
Grains were in range bound with bearish tune. USDA WASDE report didn't bring a volatile reaction. I am finally out of soybean and no more entry for it according to my plan. There are some trouble some wheat positions but manageable. I reduced some positions in wheat for the week. It felt good and mind clear by following a plan and rules.
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