I did one thing well today and that was to trade off my TSLA YOLO runner just in the nick of time. I was pretty astonished to later check back and find the final piece I had sold for over nine bucks was trading for pennies. That is the double edged sword of weekly options friends. You best protect your neck.
Everything else melted on my and I am down back to -8% after being UNCH for a moment this week. That is how ultra violently my book swings, a concocted portfolio not suited for the faint of heart. I am younger then you, remember, I can stomach such madness and then go play Frisbee and pet my dogs, the only other life-beings I am responsible for. To hell with the cats, they can sit in the rain.
Believe it or not, I really liked the NASDAQ this morning. I was buying the blood. I even had a nice trade going in the QQQ options. I scaled 2/3 off for 25% profit, price quickly returned to my entry and then went lower, I reloaded, the pop never came, I bounced. It was very methodical and it helps indicate to me a selling drive was truly taking hold and liquidation was imminent.
I sold off my LULU and GOGO once this became clear.
It should be noted my bastard helper algo Elroi never once considered going long today. Instead he had his best day on record. Have a look:
Finally, anyone interested in intraday trading or the early effects seen in-and-around the opening swing NEED NOT miss this weekend’s edition. I will be introducing a new powerful contextual condition I affectionately refer to as The Doppelgänger. See for your own eyes the condition that precluded this great NASDAQ selloff.
If you’re bloody and beaten like me this week, then find something else in life that you are making progress in and hit it hard to clear this stock business off the mind. I’m off for a swim.
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