ES Journal Archive (2009 - 2010)

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Quote from Bigpipn:

Sold the dollaryen 98 straddle at the close of business the previous day. I proceeded to sell more naked vola.

That one hurt. Bad.

Lesson learned.

Yes, that would hurt really bad, Ouch! Did you risk a substantial amount of capital?

I recall that day clearly, which ironically turned out to be the top of a 500 point subsequent down move in the ES.
 
Quote from iloveoptions:

Yes, that would hurt really bad, Ouch! Did you risk a substantial amount of capital?

I recall that day clearly, which ironically turned out to be the top of a 500 point subsequent down move in the ES.

80% loss..

I got a crash course on risk that day.
 
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