I am out on two of the three positions, took a $9,800 loss. It is only 20% of last year's profits. Ahh well it happens
I am working hard to juggle, myself, Ovs.
I always tell people that I "hate [market] history."
(As in "Market made history today!")
And boy-n-howdy, I have hated December, and hated January, and now..........![]()
You don't have margin calls with options my friend.I am an options swing trader. I do not have $9,800 in the game at the moment but I am there. I went in a bit early on Friday but whatever. Still saying my stock, I actually do not do indexes now, will be up by 10:30 AM.
If Asia was a precursor we would all be rich.
Again - The big money wants stocks to be up. They make money on the total - % of total. Stocks are not a zero sum game. So if stocks go up everyone wins.
Only neg was oil stocks did not do so well and interest rates went up a small fractions. Not the end of the world. If North Korea had launched a nuclear missile then I would be Big Time worried.
My only concern is margin calls. But then you have lots of companies with cash wanting to buy back shares. When would I do that? Now.