Well GS failed me again. I had a good ride from $3.6 to $5.55 until yesterday. But today it PLUNGED! I've got stopped out, but it is at 0.45 no where close to break even. Lesson learned, easy money is on the ride, but too much risk is to carry it over the earnings. I should have learned it last time with ANF. Sounds like I will make another mistake like this.
RIG hesitated, so I close it. I got in MTW which was very good to me last time. Funny I am more patient this time around. SLB and NOV did well so I am more or less break even today. ESI plunged 5 pts and I got stopped out again, it was good. At least I was protected.
I looked at the charts and like DE very much, as soon as it breaks 120 resistance, I will get a contract, hey I may get 2 contracts.
Don't want to own any bearish position because it is tough to goes against the trend and long term puts are expensive, it would tie up too much of my cash, being so little. Learned a good lesson with KMX.
Triple witching tomorrow? Means a lot of money will be liquidated, let's see what will happen.
No comments:
Post a Comment