Friday

Mistakes

1. Bought EUR/USD too soon - was going against the trend. Didn't wait for the trade to come my way. I thought I would get out with 20 pips or so; I was tired of waiting for the trade to come my way so I gambled for 20 pips or so from 1.3600 to 1.3630 on an expected retrace. Well, the retrace didn't go all the way to 1.636 because Angela Merkel remained obdurate and I am now 130 pips underwater (as of Monday 3/22). Lesson: WAIT for the optimal trade. 99% of trading is waiting.

2. Sold SLV Puts too soon -- what I had planned came to fruition, but I was nervous because of the earlier fiasco with EUR/USD.

3. Bought C April calls instead of Junes. Sold too soon, because I was afraid of a pullback. With Junes, I would have held strong.

Trades today:

1. Sold SLV Puts for a small profit. Went long AGQ at 55.3.

2. Bought C April calls. Target 4.5. Will add to this trade with June calls if it goes my way.

3. Holding EURUSD long. Will sell and go short, probably around 1.3600.