Saturday, June 16, 2012

Day trading death

Okay broke the rules, held FB puts all week until expiry and was wiped out!!!   ugggg...  I believe a few posts ago I mentioned how its okay to lose if you get out when you planned to.  So I had a catrosphic $10k loss (100 x 27 puts @ .95).   Hmm sets me back for the experiment.

I may or may not try again, bit depressing.  Tis life....

Guess I won't buy the Vacheron I been saving for w/ day trading funds.
But really it makes me realize nobody can tell which way the market is going to go.. its so random.  Only thing you can do is cut losses, risk manage.  The rest is up to the lord.


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