Friday, October 30, 2015

A Reversal? 10-30-15

A overnight pop up was sold off at before the US open. I heard the pop of last night was in anticipation of BOJ to feather easy its policy due to lower than expected econ data. ES/SPX went through some wild swings. It broke both side of IB and closed to the downside.

My rollovers worked out as planed but not without difficulty and anxiety. I opened my new positions in ETB than price went up so I couldn't get any credit to close my current week's positions. Luckily the afternoon sell off helped. My 2090 call was in the money during the mid of the day which made me worried about losing on it. Then my exit order was hit early afternoon. I was at lunch and didn't have a chance to lower my 85 price as I intended. The position was ended OTM. Well, that's trading. I can only plan and control my action. At least I collected $3100 premiums today which is better than last week's of negative 2.3K. I should realize some gains next week if we get a pull back next week. I still get emotional during the rollovers. However, I realized my emotions and kept reminding myself to stay calm and stick to my plan. I am getting better at it.

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