I missed to write this morning's plan due to trader bite technical issue and perhaps feeling good about the 1% up overnight. Indices started falling from overnight highs right off of the gate. My initial assumption was a gap closing action. The day ended taking out yesterday's lows for ES/SPX and RUT. It looks like a bearish engulfing candle.
I was able to lock and roll couple SPX positions base on my plan of deleveraging. I was a bit too aggressive in selling SPY Oct 158 puts which turned out to be too early and the decay may be slow too.
I am getting too emotionally affected by by market swings. I need to say calm and focus on my plan of deleverage and risk control on a daily bases. Have a clear plan to deal with different market scenarios.
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