Monday, July 20, 2015

D'oh!

FB
Don't try to short earnings run ups, or breakouts from rangebound trading.
Don't make a trade just cause you think you might miss out on the morning move the next day
Don't get "double short" with a positively correlated name (QQQ)
Don't make a trade if the option strikes end 5 points away from the current price.

I will most likely dearly pay for these rookie mistakes with this FB position.

I put it on, and then shortly after the close decided ... eh ... I don't feel so great about that one. And wham! 2.5% up move the next day.

Will probably be experiencing some drawdowns from these trades

But the short gold trade is working nicely today

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