No trade Wednesday?

Still, I am watching my open position + gathering information and learning about markets and options trading.

Watchlist additions
None

General notes
Yesterday I was foolish enough to close out my CAT March in the money Put trade. Only to see it march into a good winner of around $100. Sorry, but I had a full down sentiment day. It is not good - I know - to let emotions sneak into trading, but I am about to hit a year-to-date low on spiritual ground.
On the other hand it is still good to see that I was right with choosing the instrument and that my quick trade setup (TuTo) works a lot better with liquid 'markets'.

Trade session notes
You can start to throw that proverbial stone on me right now, but I could not resist to give a more educated / disciplined try on my new TuTo trade. Using my hard learnt lesson from the last two trades. Differences: now I was selecting the option with a tight spread (15 points) and with good volume (LVS instead of CMC) and an April expiry as this week will not be enough.

The best way to filter down is still a bit manual (checking my full watchlist on Yahoo Finance, selecting ones that goes against the market, and then inputting them into the TuTo regular selection process - 30 min chart view with Tuto study set, then checking the ones that are about to close above 2 SD Bollinger Band for on the other side of the 20 day SMA than the current market).
Also, I have checked a new thing with the time frames - you might remember that I started with 30 min 3 day charts. Now, this is how it looked for LVS at the time of making the trade:










Then I have checked the 15 minutes chart as well to see if it would have worked better.










Open positions at market close 13 March 2007

.ACLEG

ACL MAY 135 Call

$2.75

($290.00)