Err..you made a bet with a binary outcome. You bet red, it came up black. You're down 10 large. Don't keep your fingers crossed. Move on. Your charts are lyin' to you.
I take no pleasure at someone losing money but this thread is a perfect example of what happens when you trade with the other head down below and only think of the profits and "guaranteed" money. Odds are at ET that you fade any trade alert posted. Hubris is deadly for traders and I hope the poster has learned a lesson and I am sorry for the monetary cost of it.
Just curious, if you were going to trade RIMM for earnings only, why did you not just put a strangle or straddle on RIMM?
Thanks Optioncrotch .... I plan on recovering lost funds with a similar AAPL trade. Will keep ET posted.
Very sorry about your loss. I hope that your able to gain some knowledge from it and that experience will help you not only make it back but more.
what a smart trade???????????????? if long on vega where if price goes up- impl vol goes down .... i think you will need help from Nasa to attach a rocket to RIMM stock to be worth the risk