spx moving above her 50dma breaking straight up out of her 9/24 up channel gold and crude traders left their desks.... moved over to spx screens watching es afterburn one has the US flag holding it up
es rallied 130 handles on FED not hiking...now they read notes and rally another 30 handles on same news
yes, I will never underestimate how one quarter has absolutely no bearing on the next..literally I could feel the entire vibe of the market change around the end of last week.
The good news: My Oct 09 ES 2000 calls went ITM with less than 1 day to expiration. The bad news: I sold them too early for only about a 100$ gain.
don't believe this...you wouldn't believe how much money i left on the table by exiting at 2001 average.
You'd think given your UWTI experience you'd better understand why averaging down on your biggest losers is a foolish technique. "Cost average" is irrelevant, every new buy has to be evaluated as a separate trade, and simply buying more doesn't make you better off.
my call hedges always work out great...its too bad they just offset how much I hemorrhage in the puts.