Yeah ive learned my lesson when it comes to that, i had to eat shit today, thats why i didnt size in on LL, but if you have a big loser, the worst thing you can do is size in aggressively right after that, just need to live to fight another day, im down to only -900 now or something like that, but the worst thing i could have done was size in again on LL and have it go against me, then the next one goes against me, and the next one, and the next one. The worst thing you can do when you miss it on a move, and screw it up is start stacking up the pain on trade after trade with massive size and compunding the problem, that will end your trading career
Good! When you said worst trade in ET history I got nervous for you. You have to remember Surf was on here at one point
...I know, right? Challenge accepted! I had covered calls on my FB shares for their earnings release.
LOL, maybe we can just turn this into the "Super terrific Flappy hour" and we can see who comes up with the biggest flop day after day.
I feel like that might encourage bad (worse?) trading habits...and drinking habits. Happy Hours already have this way of turning into happy nights, then happy mornings, then unhappy mornings. That, or I do exactly the opposite of what my signals say and I become rich.
DAL looks like it could pop nicely. I just opened a debit spread for 8/18, long $50, short $52 for a .45 credit And 8/4 $50 long call for .23
Great shout out on DAL, im long 49.69, only 600 shares for now, but i think this pops 50, its gotten bounced repeatedly at the low.
And of course today is the day I'm not trying to day trade SQ (I do have pretty substantial holdings that are looking nice and green today). And yeah, DAL moved faster than I thought it would. Glad I saw that in time. My hopes and dreams are pinned to the coat tails of AAPL this afternoon (directly, but more importantly the spill-over to the wider market). Bear season is open!
VIX is finally sub 10 again. UVXY has lost 3.39% so far today. The Bulls definitely appear to be back in control for now.
This is also supplemented by the fact that the VVIX is also falling, which is somewhat rare for VIX at this level. The lower VIX goes, the higher VVIX should go on average because smaller moves will have a higher % change. If this keeps happening that is a very bullish sign. Plus were sitting on front month contango of 11%.