Lot of folks on here seem to be chasing it lately
Not a recipe for success
Not a recipe for success
taking a massive L with XLF. @Futuristic Eskimo make sense of this for me
i got puts expiring Jan 20. SHould I ride it out or cut my losses. I only have about $700 left to lose in them
Whats strike? Financials are technically overbought, but Im not sure if there will be a meaningful reversal in sentiment in one months time with regards to the regulatory outlook. Steepening curve isn't helping you either.
I experienced this first hand while dealing with TBA's at my job . Brokers were on my ass right after Trump won the election for the cash.
Im not gonna give you advice because I havent had nearly enough time to follow markets recently. Been traveling up to Montreal every week for work, moved to a new spot and been plannin two crazy trips recentlyperfect song
no reasoning really. Strike is 23. I need it to hit 22 by January 20 in order to break even.
I saw how crazily overbought it was, how long it had been riding the upper bollinger band...looked at the MACD...saw how much percent it went up and felt it had to pull back. I was up a good 20 percent after the first two days. Unfortunately it has gone up since without looking back. This is the last time I try to buy ETF options. Its the third time I have and each time XLY/XLE/XLF i've been burned. I still have hope though . Think i should say fukk it and sell?
Dropbox - MSNA20161116399621.pdfperfect song
no reasoning really. Strike is 23. I need it to hit 22 by January 20 in order to break even.
I saw how crazily overbought it was, how long it had been riding the upper bollinger band...looked at the MACD...saw how much percent it went up and felt it had to pull back. I was up a good 20 percent after the first two days. Unfortunately it has gone up since without looking back. This is the last time I try to buy ETF options. Its the third time I have and each time XLY/XLE/XLF i've been burned. I still have hope though . Think i should say fukk it and sell?
taking a massive L with XLF. @Futuristic Eskimo make sense of this for me
i got puts expiring Jan 20. SHould I ride it out or cut my losses. I only have about $700 left to lose in them
you're right. i honestly just gambled...foolishly/hastily at thatShould have probably taken the expiry out longer when theres a 75% chance of a 10% stock market pullback in the first half year of a new president.
Regardless, i dont know why you guys keep fighting this bull market. even though I think it's gotten ahead of itself Im not going to sit back and guess when.
Bought it at $2.20I was down almost 25k on EP Energy and now if it moves a couple bucks up in the next year, I'm getting all that back.
Power of options