Really Must Suck Being a Bear #SassyMusings 6/25/14
- Well glad that my short term bearishness yesterday didn’t get the best of me. Good thing I’m not stubborn.
- I got stopped out of my FB puts early this morning for a loss and then got long a couple things.
- I am still leaning short term bearish, meaning I see the possibility of going lower before making a new high again; however that will not prevent me from taking trades on the longs side as I did today. I am also very open to being wrong. I will admit it’s difficult to think we will go lower before making new highs when momo’s are still going higher.
- For the most part, I am just keeping things tighter and holding for a shorter time period so whatever ends up happening is fine with me. All I care about is making money.
- As I stated yesterday, I don’t intend to short much. Instead I prefer to wait for good buying opportunities.
- One thing that hurt is watching some of the stocks I stopped out of yesterday go higher today, such as GOOGL, TRLA, DDD, & BIDU. Most of them I took profit out of, but not as much as I could of. Part of the game I guess. I prefer to stay disciplined then create bad habits. Boo.
- Oh, but I did re-buy BIDU this morning.
- Chart of the day: I started a position in SINA today.
- Tweet of the day: none
- Regret of the day: My regret for this week is overtrading FB. I came into this week holding calls and then sold them. Went back long again later, sold those and then got puts which I also sold. Now I’m flat them and just staying away for the week. Should have just stayed long with my original calls. Should’ve, could’ve, would’ve right?
Have a good evening.
If you are looking for guidance, new ideas, open interest stuff, trading options, getting stopped out of stuff – but with profit :-), then check out a subscription. Check out testimonials.