now i'm snickering to myself, "weak breakout," snicker snicker.
QQQQ by Joab
- Thread starter Joab
- Start date
I thought in the other thread you said you were going to respond anymore? That QQQQ trade take you off the rails?
just can't help himself. Arrogance.
Ahh, the cast of characters is complete, a hersheyite joins the thread.
Quote from Joab:
OK short the hell out of it right NOW ... trust me you will make a fortune.
I'm stopped and it will be the high of the day believe me on this ... lol.
I would at least like to see others make some money from this pig of a trade ...
I received .80 premium on the Bear Call Spreads and I'm still holding them so as long as they close under 46 it's a wash call and I will break even.
Next...
A wash call? You've got >3weeks to expiration. No offense, but you can't polish this turd. Lesson learned and move on.
A little blunt atticus
dont try to time the market, let the market time you
You maybe right but there's no need to cover the spread at this price level yet.
Everything about this move (technically speaking) is very limited and it shouldn't even be at this level.
That being said, it is ... and we can't argue with price right.
I won't let the spread go further then .80 loss as that part of my Spread Trading Rules.
This is just one trade of many and your right there is a lesson here but I can't see it just yet, this is very unusual price behavior given all the conditions.
So when in doubt ... stick to your trading plan.