If there is one thing I hate, it's eroding profits. I was short MTG at 9.55, which was a brilliant price. I was looking for at least 8.8, most likely 8.5, and set a buy cover order for a take-it-if-you-can-get-it, but rational exit at 8. The homo sells off nicely today, has a big squeeze, then fades that, another smaller one to pay homage to the first squeeze, then fades that, then on strong volume, goes downtickless eod for no reason. I got squeezed out about above my initial target at 8.89, which means I would have been better off setting an exit for my unaggressive initial target of 8.8 and walking away, let alone my nice middle target of 8.5. It made me scream expletives at my phone. I made a decent 6.9% in 4 days, but I still feel punked. I call trader abuse on that one. What pisses you off most in trading?
Wilt
Wilt
