Sometimes when I have a feeling about a stock, I ignore it. Same goes with charting, fundamentals, and more. As many traders have followed their beliefs or interpretation of charts and lost, there’s no guarantee way to pick a winner. Welcome to my world.
Since I’m not able to daytrade with less than $25k in my account, I’m in watch only mode for today. I’m all out of money, it’s all in options. All of it. Wow, how scary. Worst part is that I’m in the general wrong direction in all the options.
Made one trade, sold CMG. Not at the bottom, but not at the top either. Though the CMG drop continued after I exited, I’m alright with this for now, I really liked getting the profit on a trade which makes me feel more confident about my JCP position.
Today I fgured that I would buy some C (Citigroup) options, and just wasn’t sure if I should buy puts or calls. Sometimes I make a decision based on nothing more than just clicking whatever is closest to me for clicking upon. Calls it is!
I took the slight up on C (Citigroup) and sold my calls and made a little profit. Nothing to be bragging about, but again, any win is better than a loss. This was a quick 32% profit, I wish I could do this everyday.
Today was a good day. Any day that I don’t end in the red is a good day. Actually, sometimes when I do end up losing money, it’s not as bad as it could have been.
Sometimes when I look for an option to buy, I actually think about things that are easy for a retard like myself to remember. In this case, a single letter. C. Citigroup is not only a big company, but all the employees hate vegetables, just like me!