Today's Lesson: Don't Rush

Yesterday, Sunday night I expressed how I felt behind and feeling like I was looking for a one last minute ticket before Morgan Stanley and Citigroup had a run.

The truth is, that the prices in the contracts surged by at least $2-3 each... that felt horrible to witness. Now, I did follow my rule of waiting the first 30 minutes before entering a contract, but I think overall it was a rushed moment. It felt like I didn't necessarily looked for a good entry, I was just waiting for the 60 minutes to be over.

So, I entered one contract for Citigroup $2.40 strike price $120 on April 24. Although we saw a high of $113 today, it went down to $111 in the afternoon, which triggered my stopped loss and filled. I only risked 20% this time, and lost it. I honestly was upset, but in hindsight tonight, I know I rushed and the entry wasn't well executed.

Either way, let's look at today's performance chart for both Morgan Stanley and Citigroup.

Below we see Citigroup and its closing price being above the 200MA. This is a good thing, it may mean it's bullish. Plus, we saw RSI retract back down to 59 post opening allowing room for another run.

Let's now look at Morgan Stanley

MS didn't necessarily close above the 200MA, but it is kissing it. I do believe in the next days it will stay above the 200MA.

Overall thoughts, I do want to join one or the other. Citigroup sounds the most reasonable to me now, where yesterday I was more inclined to Morgan Stanley. Here's my dilemma: president Trump only is holding fire for 5 days, this may get extended or it may not. The market will experience the consequences of either outcome. It makes me a bit hesitant if I'm honest, though I know that XLE and XLF might be the greatest beneficiaries if the attacks are withheld. I'll monitor a bit tomorrow and decide if it is a good time, otherwise, I'll sit on my hands until end of week.