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Post by cosmic on Aug 18, 2011 16:33:24 GMT -5
Sure looked Doomy. I closed a lot of short calls today that I had shorted last week into this rise. I got nervous I had the wrong 'algo' going in my head there.  I know I though it was going to be a light roll down for Opex, but apparently the powers that be have other things in mind.  I'm worried I'm out of hedges except selling the $1 call on everything.  Hope everyone made some money today (or avoided disastrous loss). Members, please post your results along with your RDA of smileys!  |
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Post by demanuel2001 on Aug 18, 2011 16:44:13 GMT -5
I'm beginning to wish I'd caught those squirrels yesterday for the stewpot. The portfolio got slimmer again today. I did manage a couple of big scalps but that only erased a fraction of the losses.
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Post by PoorHomey on Aug 18, 2011 17:23:40 GMT -5
Hope everyone made some money today (or avoided disastrous loss). Yesterday's gain of $208 would have been a loss of $3087 today.  My Instant Replay screen recording was screwed up by yet another annoying Thinkorswim update notification right in the middle of the chart. While I'm all for them fixing issues, the frequency of these notifications and more importantly, the fact they just choose to deploy them in the middle of the trading day with a distracting pop-up box seriously sucks. I sent them a scathing email and told them they'd better give me the Maxi treatment or I'm takin my overtrading ass elsewhere.  |
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Post by tendermyshares on Aug 18, 2011 17:25:41 GMT -5
Sold some calls today for a nice profit in a stock not to be named since I still own a few. Wondering where the Roubini fellow has knocked off to. Just looked up black swan and thought this Wikipedia quote was interesting.
Taleb states that a Black Swan Event depends on the observer. For example, what may be a Black Swan surprise for a turkey is not a Black Swan surprise to its butcher; hence the objective should be to "avoid being the turkey" by identifying areas of vulnerability in order to "turn the Black Swans white".
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Post by sloop on Aug 18, 2011 17:26:39 GMT -5
I took a 10K hit for the third time this month. hurts. but still under control.
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Post by exabi on Aug 18, 2011 18:37:51 GMT -5
No trades today...had afternoon commitments. Mine and Deman's PCS got with the selling program mid-day....I'm still an unintentional investor.
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Post by Clinton SPX on Aug 18, 2011 18:51:35 GMT -5
pain
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Post by PoorHomey on Aug 18, 2011 19:05:53 GMT -5
Forgot to add... I'm still up a whopping .01% YTD!!!  lol  |
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Post by brosin on Aug 19, 2011 10:46:55 GMT -5
Didn't get a chance to post last night, but went from 49% to 72% invested in my IRA yesterday
Added to my F, CYOU, RIMM, TGB, PBR, LVS, AA holdings
Currently, not too bad - the IRA is down -1.5% this year vs the SPX which is down -9.2% this year:
-9.16% < ---- 2011 SPX
-1.52% < ---- 2011 IRA
7.64% < 2011, OUTPACED MARKET BY
63.19% < SPX SINCE IRA'S INCEPTION 3/2/09
89.29% < IRA SINCE INCEPTION*
So far, I am beating the market by ---> 26.11%
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