Fucked For Christmas, Again

I’ve had an awesome run the last few weeks, but tonight it looks like my luck will come to an end. I will be faced with some tough decisions tomorrow as I decide if I am to cut and run, or sit tight a bit longer.

I come into the day 60% long, 10% short through $TZA.

It’s all too early to tell, but I can tell you one thing, those $GOOG options I added today (which expire tomorrow) will sting a bit.

This isn’t the first time I’ve been fucked before Christmas. There was one year, I believe 2009, that I traded $GSI two days before Christmas. The setup was there, a beauty. Things were going great, volume was pouring in, the stock closed near the highs of the day, and I decided to hold overnight. The very next day, Christmas eve, the company decides to do a secondary offering, diluting the share price, and the stock is nearly cut in half. Merry Christmas to me.

With so much overnight risk in the world today, I wonder why I don’t just become a day trader.

Mini flash crash on the eve of “The end of the world” 12.20.12

 

2 Responses to “Fucked For Christmas, Again”

  1. Not even day trading, 23.5 hours of algorithmic trading. I’m in.

Comments are closed.
Previous Posts by RaginCajun

Fucked For Christmas, Again

I’ve had an awesome run the last few weeks, but tonight it looks like my luck will come to an end. I will be faced with some tough decisions tomorrow as I decide if I am to cut and run, or sit tight a bit longer.

I come into the day 60% long, 10% short through $TZA.

It’s all too early to tell, but I can tell you one thing, those $GOOG options I added today (which expire tomorrow) will sting a bit.

This isn’t the first time I’ve been fucked before Christmas. There was one year, I believe 2009, that I traded $GSI two days before Christmas. The setup was there, a beauty. Things were going great, volume was pouring in, the stock closed near the highs of the day, and I decided to hold overnight. The very next day, Christmas eve, the company decides to do a secondary offering, diluting the share price, and the stock is nearly cut in half. Merry Christmas to me.

With so much overnight risk in the world today, I wonder why I don’t just become a day trader.

Mini flash crash on the eve of “The end of the world” 12.20.12

 

2 Responses to “Fucked For Christmas, Again”

  1. Not even day trading, 23.5 hours of algorithmic trading. I’m in.

Comments are closed.