Trader on vacation! So yesterday I dumped all the short positions I’ve been collecting (averaging down) over the last month thinking this pull back should have happened weeks ago. My feeling is there would have been a spin on some numbers sending the market higher today, as it has all the other times in the past year+ after a good pullback in the market.
* Also I was in the black again and didn’t want to see my profit dropping off.
So I stressed out all day yesterday (good stress) selling my shorts at a profit , a bunch at a time, making the bank multiple commissions, thinking I’ll average up more $$ as the day moves on, ( 9:40 am was the best short trade of the day, go figure. )
Crap, I’m on vacation at the coast and surfing unsecured wireless networks to follow my trades while the wife is calling me “pathetic”... and now, today (flat Friday 13th) could have sold at any time with no stress, for more that I averaged all day yesterday. Hey, that’s the market!
Sorry, just had to vent this out.
Still feel were in for a lift Monday so jumped into some HFU’s today. Although I hate to be out of my short hedge there seems to be too much “bull” in this market to ignore!
Cheers!