SAAS stocks are getting lit up because of PCTY and NEWR. This is partially sad because I own a bunch of fucking SAAS stocks. Good thing I kept some dry powder for average downs. Market is up 50 Nasdaqs, but it feels like it’s down.
Maybe I’m just in the wrong stocks, for today.
Speaking of wrong stocks, TSLA is getting lit up and I actually bought some puts yesterday, my first options trade since 2012. Why did I stop trading options? Long story, but let’s just say it brings out the gambler in me. I had the 2/7 900s — up a cool 220% from basis. Not a bad way to make a living — but I will admit it’s too enticing. If I could make these sort of percentage gains all the time, I’d immerse myself all the time in it and my life would be absolutely miserable. This will be the only options trade I do for the year. Maybe I’ll do one per annum.
As for my other positions, I’ll be a little patient (not too much) and think about buying more if they drop again tomorrow.
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I was up like 2% early on but now my account is unch – epic fade, I have to think we don’t see new highs this week
Too much complacency. NASDAQ ATH? Really?
https://ibankcoin.com/flyblog/2020/02/05/downplays-alleged-chinese-breakthough-coronavirus-futures-dont-care/#comment-565875
Bought some TVIX
If it is a numbers game, why do you trade on emotion?
Also, VIX *is* a number, one that measures anticiapted volatility based on option demands. Option demand goes up if peopel think the makret may fall.
TVIX is an ETF priced based on VIX futures ( investors prediction of future volatility).
I’m not going to bother with stupid question from you any longer.
Because emotion drives markets
The latest *identified* US victim in Wisconsin was not screened/flagged by the government. He just went to the ER after he became sick.
https://apnews.com/9792dd1b58c2a6a3c3d77dd0ab64874d
The good news is that he likely picked up the virus directly in China. The bad news is that he may have infected others since coming back.
The good news is your fingers should fall off because you type so many letters; the bad news is they probably won’t.