Got some DUG too late in the day, because I stalled when it was cheap. I just couldn't get myself to click it, after yesterdays debacle, until a dip later on when the price was quite a bit higher and the markets rallied, much to my dismay. I was stopped out. Well, the way I was reading it, we were going to come back again,the bears that is, so I bought it back up and got my money back plus a little.
Still holding those puts in SSO. Also bought some PRE feb 65 puts and and got out almost immediately with very small profit. CECO took some money from me today. I ended in red slightly, but learned some valuable lessons nevertheless.
Last Summer when things started to go bad, and the Government started snooping around in the markets business, trying to "fix it", I took almost everything out and tucked into 3 month CDs and I bonds. I-Bonds are inflation protected interest accruing government bonds. I kept a couple k to trade with and lost it all pretty fast. Then I paper traded for a few months. I learned a lot doing that, trading with fake money. I learned to react faster, to not be afraid to cut losses and most importantly, not to be afraid to get in.
I don't know what happened today, the old fear gripped me early in the day and I traded sluggish and late. I have deduced that I had predetermined today was going to be volatile, which it was, and I should have a good day. That expectation is what I think the problem was. I was tense with necessity. needed to relax and just work. call em as I see em. ect.ect.
Lesson learned.
