If you think you are silly in your trade, wait till you see mine.
I Shorted C and buy TZA on Thursday night. On Friday midnight……
Input:
- Now… is this crazy or what???
- I woke up to the toilet in the midnight. Before I went back to my bed. I took a peep on my laptop on the indexes (please refer to the link). I decided to cover my C and also sell off my TZA (refer to this link) even though I have set stop loss for both of them.
Citibank:
| Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
|
|
|
| 3.94 |
|
|
TZA:
| Buy $ | Sell $ | Sell Short $ | Buy Back $ | Stop Loss $ | Profit / Losses |
|
| 31.82 |
|
|
|
|
Reason for Buy / Sell / Sell Short / Buy Back:
- I am expecting indexes to go down at the end….. But this is NOT what I see in the midnight before the market close.
- Refer to my article 9/11/2010, I felt that market will gap up next week. SPY look really bullish.
- Even though I have put in my stop loss, my midnight 2 cents told me to go ahead and get rid of my short side. I might not have time to do so on Monday.
Lesson Learnt:
- Making such a decision in the midnight normally brings bad consequences.
- I am basically making $$ for Ameritrade. Trading in such a way is very unhealthy and unwise.
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