freaking CME

so on monday, CME takes an 18 point dive. It's the last week and it takes a dive. I've been waitin forever and I was up $2.50 each contract. had to take a $.30 hit now. went in the money. Lesson learned from this. ALWAYS close half your position when 80% profit has been achieved. Lock in the profit Vlad!!! a nickel or dime isn't worth the event risk. Now it looks like I'll only be up about 4% this month. At least it's not a losing month.

Second thing I'm learning. I've been trying to get in the SPX. Damn near impossible, even if i'm $.15 below national mid. I think this time of the cycle there's alot of sellers out there. Not buyers.

Can't get emotional, or this game will kill you emotionally....

"to one who has faith, no explination is necessary. To one without faith, no explination is possible" - Thomas Aquinas

Well, it's about 9 days till Aug expiration and so far so good. I know I should just move on from old trades, but a lesson was learned with ADBL. Always cut your losses. On reasons i can't find at the moment the stock went from $18+ down to $13.5 at the moment. I would've taken the full loss of $2.5 minus the credit. Instead I only took a $.60 hit.

On Aug 2, I put on an iron condor on the SPX. 1190/1195/1260/1265 Aug contracts and i managed to get a .50 fill on it. not bad. a quick 10% on my money. hopefully it'll stay under 1260 for the next nine days.

My CME trades are looking good. The stock had a continual 5 day drop, looks like investors are buy on the dip pushing the stock back up to about $300. Looks like i'm gonna get full credit on each Aug position. $2.70 per postion. It'll be good if i hit it.

Looking into Sept expiration I think i'm going to play the SPX for the most part. A whole lot less risk of movement with pretty decent credit. Right now the SPX hit the 38% on the fib and bounced straight back up. I'm looking to set up the next positions with a low of 1185 and a high of 1270. This is going to be the aggressive portion of my account.

In my FX trading I lost 30 pips per position today. Trade was based on my High/Low of previous day strategy. Alot of whipsaw during the european session, so i got stopped out. The trade would have eventually made money no more than 30 min later if i had a larger stop.