That last hour squeeze in SPX was quite unexpected. My swing long, which I wanted to hold until 2040, was sold too soon, because I thought I could rebuy at the close, for a bit lower. Completely wrong on that. And missed the trade. You cannot get caught up in microtrades when you could lose your position in the process. I lost my position, and had to settle for a small gain when I could have a very healthy 30 point gain on my hands here. You can have an edge with your game plan, but if your execution of the plan sucks, you won't make anything.
I am still bullish, and looking for higher going into the European close today, but yesterday's moves took the starch out of me. I am back on the sidelines waiting for a better setup, but probably will go higher today, just conviction isn't that high.
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This goes out to all the people that lived above the buildings that I was hustling in front of that called the police on me when I was just trying to make some money to feed my daughter.
Sold Mar 20 17 FCX calls @ 2.25 from 1.30.
Short CSIQ @ 25.58 common
Nice trade on FCX calls. I am now short crude oil. Swing trade.
We're in the same trade. Solar and oil moving in tandem. Hope market pulls back and takes oil with it.
This is Kill Shorty Day 2015 Vol 1.
Every trade I visualized would eventually happen.. is happening today
A huge short squeeze, wow. Hanging on to the short
Well at least you are not short. Haven't seen a short squeeze like this in a while. Once this storm passes, I expect crude to be back at $47.
Actually I am short oil vicariously through solar. But I guess being up 20% before shorting helps
Had horrible timing today, could have waited a few hours and had a premium short entry. Everything tells me this is a short covering rally. After shorts are done, expect a resumption of the down trend.
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