Sometimes gets hectic (over-trading?) updating... Summary of week... That mutual fund into Inauguration was a "problem" on Obama day.. The FAS position from 12 was really hell as it was at 10 before it was eliminated. The heavy mental opinion of how the day "should" be prevented objective thinking..
On Wednesday, managed to be long FAS 8.45 on that run to $10 (a LARGE position). Ahead of the trade, had decided I would be selling at $10 to $10.3. Well, I read some garbage on the net on the serious bullishness of Financials so I took it home and ended up salvaging at 8.6 yesterday morning.. An absolute failure as a trader. Trade your analysis and no one else's.. Constant reading other peoples garbage is a sin.. Economic data, yes, but not trading opinion not verified with technicals. It is an indication of laziness. Trading events a sign of gambling linked to said laziness.
Currently long a little FAZ from 64 yesterday.. just sold for 73.5. There is very little reason to take home ETF's as 80 of the time the gap is filled so not much missed.
On Wednesday, managed to be long FAS 8.45 on that run to $10 (a LARGE position). Ahead of the trade, had decided I would be selling at $10 to $10.3. Well, I read some garbage on the net on the serious bullishness of Financials so I took it home and ended up salvaging at 8.6 yesterday morning.. An absolute failure as a trader. Trade your analysis and no one else's.. Constant reading other peoples garbage is a sin.. Economic data, yes, but not trading opinion not verified with technicals. It is an indication of laziness. Trading events a sign of gambling linked to said laziness.
Currently long a little FAZ from 64 yesterday.. just sold for 73.5. There is very little reason to take home ETF's as 80 of the time the gap is filled so not much missed.