This is as embarrassing as it can get for a trader. I totally forgot Wednesday's FOMC meeting.
I entered a scalping/semi-positional short entry and watched it get filled and then run into deep losses.
Lesson learned.
As for Thursday, I am not considering entering any long position. The market is in significant over bought state. This does not mean a correction will start. In fact, chances are, I am more likely to win by going long. However, should a correction happens, it will run relatively deep. Thus, while going long has better chance to win, the reward does not justify the risk.
Because I already has one ES short, I will not add more to my position. I may do some scalping, but that's it for now.
Position: -1 June ES
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