I bought GS because I’m a retard

I bought GS because I'm a retardGS had a nice lift yesterday, but I feel that the stock is destined to drop in the short term. After buying puts first thing this morning (when the stock was up over $1) the stock wend down a couple dollars, but I didn’t take advantage of the selling opportunity. I probably should have, as I see now the stock is moving slowly back into the positive. I’m going to hold until tomorrow on this position, unless…

If the stock dropped some incredible amount I would almost be forced to sell for a profit, but I’m just going to assume the stock will finish the day between $173-$176, which shouldn’t cause any alarm or panic in me that gets me to sell my puts.

When I have pattern daytrading money, I’ll take the profits a couple hundred dollars at a time. Right now, it’s a battle of my patience, chart interpretation, market reading, and Retard luck for making profits.

You will all see the power of a Retard in me.

Buy:
GS Apr $170 put (GPYPN), 5 @ $6.20
stock price entered $177.01

GS Apr $170 put (GPYPN)

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Posted By: Michael

News Category: GS, Options, puts

 

 

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