Today looked to be a fairly mild day until about 15 minutes before the close where everything began to tank. I’ve been running a fairly heavy negative delta portfolio so I benefited quite a bit from the last minute sell off. I went ahead and trimmed my positions in XL and LM by a contract [...]
But I’m now officially positive on the Profit / Loss statement with my options portfolio. And guess what? It took almost exactly 1 year. The experienced traders weren’t kidding around when they said it normally takes a year before someone can turn a profit in the markets. The goal now is to hold the line [...]
Over the past few days I’ve come to realize something as my portfolio’s reaching for all time highs. I am a trend trader, not a swing or long or day trader. A trend trader. As usual, let’s see what Investopedia has to say about it:
A trading strategy that attempts to capture gains [...]
Today was an utter bloodbath for the bulls. Everything that could hurt the markets did and as a result all indices were down 3%. How’d I do?
Off to pack for my trip to Orlando. I’ll be back later on this evening. Enjoy the rest of your evening!
FOMC leaves federal funds rate unchanged this afternoon. Here’s a copy of their statement. I’m not in a good mood so don’t expect anything until I cool off. Sorry.