Trading today’s tape is enough to drive a man insane. Fed days always bring out the best in volatility, and today is no different.
I was no match for mother market as she had me by the nuts as I walked in to a $FB downgrade. $NFLX also took another dive on me and I was forced to close both positions for losses.
$SINA is back down to my entry price, and all of a sudden does not look that good, I may have to re-evaluate my position. $THLD seems to be the only thing working for me (go figure), and looks like it wants to squeeze higher here.
After the crazy week I’ve had, with hurricane Issac, I am ready for this 3 day break away from the market. But, something tells me the volatility may just be getting started.
7 Responses to Insane Trading Day
Your thoughts on $MLNX and $VLO sir
both looks great, but hard to enter with new money. I would hold if I owned them.
I think the next big headline risk is Sep 12 German Supremes ruling on ESM legality.
indeud, should have held that one.
How many inches of rain did you guys get. Enjoy the weekend RC!
not too much in Lafayette, but parents got a lot back in Metairie, and still out of power.