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Another Line In The Sand


I've been a lot less active blogging about my trading for the usual reasons most trading bloggers slow down or completely stop blogging. Day trading this past year for me has been dismal. My (wrong) bias to the market being overbought has given me good reason to pause and reassess my trading style and goals. My trading has often felt like I have been just drawing lines in the sand and waiting to see what will happen next.



My bias has not changed... they say a broken clock is right twice a day (right?), I'm doing my best to be patient with this market to be able to have the capital available to leverage a market correction. With all that said, I have a DIA 235 Put with an expiration date of March 2018. 




Comments

  1. I hear you with the trading. It has felt like a crapshoot over here for me. I don't know what else I could say except to just keep at it when you want and to take a break and give yourself time to recollect when you want.

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  2. Thanks for the comment Rhiese. I'm very fortunate I have multiple streams of income... retired/rental property...

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  3. FYI: my DIA position is in the red @ -$55, I will cut it loose if/when the DIA underline closes above 235.

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    1. gotcha. you know, after looking at the market this week i sense that some whales are attacking bids. i don't know if this will curb the upside move entirely but i feel like we'll probably have a more pronounced move to the downside next week which may do well for your DIA position. good luck and as always let's all concentrate on risk management.

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  4. I closed DIA with -83 loss.

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    1. f*ck man - market always lookin to take money. it's a piss hard game out there. you'll get em next time.

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