Before I slap myself around some more, I have to report that I had a very good day. For me, anyway. Closed all feb 30 MFE puts and feb 30 LEAP puts. Bought a little DXO with a small profit target. and a tight stop.
When I discovered blogs, it all changed for me. Real people doing real work, rather than paid professionals working 8s. And what a wealth of information and training. Of course, the easy way would be just to match trades, or be an Internet"leech", as it is called, but I learned my lesson about that with all those pay for trades services. You know the ones. They give you a thousand trades to make, which you obviously can't afford, and when you complain that your losing, they tell you that you must follow them exactly. All the trades. Smooth.
Instead, I listened to their methods (the bloggers), their madness, the Tech traders and fundamentalists. Listened and read and learned. Blogs. There are loads of them to sift thru. Some, quite a few actually, that are genuine and helpful. Mentors. Yes, mentors. I remember the first. I just sort of stumbled across it and was fascinated. This guy was teaching me more in one night (by reading his site) than all the money I had previously put out. I mean shit about options I had never heard of, VIX(CBOE VOLATILITY INDEX), charting, rules, discipline....I could go on and on and on. It was incredible, the motherlode. I, as well as all of us amateurs out here lurking about are, or should be, eternally grateful.
I started to put all of this advice and learning to use. Follow your rules, be disciplined, set stops and targets, plan your trades ect. ect. And I finally started to make some money. And my account was growing. Whoooo hooooo!!
Boy was I having fun....while it lasted.....
