STOP DAYTRADING!
Someone please remind me to do the above. I’m not an options day trader. I’m losing too much money trying to day trade. Sigh.
Trades taken: 2 (Visa puts)
P/L: -$50
Today appears to be a better day. First, my deposits into my account have cleared. Our tax rebates have finally come in as well. Overall, I have a bit more firepower to play with so in terms of being properly capitalized and diversified, we’re one step closer.
On that note, I may dip my hand at trading the NQ futures. I’m still on the fence about it but we’ll see how the day’s actions go.
Oil topped $122 yesterday before settling near $121. Oil is currently sitting at $121.80. Goldman Sachs is predicting oil near $200 within the next 6 to 18 months which is scary in and of itself. Note that a couple of years ago, Goldman predicted $100 oil within the next two years. Look where we’re at now.
Stay sharp today!
i agree it is very difficult to use options for day trading.
Online Options Tradings last blog post..Three types of options
Comment by Online Options Trading — Wednesday, May 7, 2008 @ 8:01 am