Synonymous with buy and get lit the fuck up! This fucking market is not amiable to even swing traders. You just don’t know what will happen next. From today forward I am in and out of trades in a matter of hours if not minutes. My weekly call options in $MET (don’t fucking ask) & $FB (likewise) show little promise, although as we speak $FB is raging higher. I also have some $GOOG, which could still be profitable if it wakes up, which it could (or not). The trades were relatively small and I may end up at break even or perhaps a small gain (not on $MET) but I have been holding these fuckers since last week and the mental anguish is not worth break even. Before anyone gets smart, I know Buy & Hold vs. Options (especially weeklies) is not exactly an apples to apples conversation. My fucking point is that even owning stocks outright for extended periods of time for a TRADER does not work considering the opportunity cost. Until I see some real strength come back into these markets I will be 100% cash by EOD!
One Response to “Buy & Hold”
trade_drunk
Man $FB is fucking on fire. I am actually up now. Barrons put a fucking bottom in. Bet they are buying with both fists now! LMFAO!