Closed my QQQQ position at breakeven yesterday. The stock was doing well and my options was doing well too (made more than 30% unrealised gain). However, at the last hour, the stock rebounced with vengeance. I do not like the way it moved so fast and furious in such a short time. Furthermore, the stock is near its 52-week low. Will I believe the stock will break the 52-week low, I am not playing it at the moment. Let it retrace back before shorting again.
PersianCat (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
Interesting Read
- Are You An Academician Or Practitioner?
- Are You Winning The Battle?
- Comic Strips
- Guidelines For Intraday Play
- How The Markets Really Work
- Jewish Holidays 2012
- Optionquest Online Game
- Play One contract only !!!
- The Average Investor Mentality
- The Market Cycle
- US Market Holidays 2012
- Who Are You Trading Against?
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