My usual morning routine is:
5:30 a.m. – Son wanders into bedroom, gets me out of bed
5:30 a.m.-6:30 a.m. Catch up on emails, look at charts, tidy up house – generally be prepared for the day
6:30 a.m.-7:00 a.m. Watch the market and assess the lay of the land; consider what stops to update, if any
7:00 a.m. Well-prepared for the trading day
Today, instead, it went more like this……
5:00 a.m. – Son tries to wake me up; I tell him it's too early
7:00 a.m. – Eyes open, glance at clock, I see the market has been open for half an hour; I fly down the stairs. I see all the indexes are way down, but I have no idea what has happened the past half hour, no idea what the charts look like, and no time to prepare. ARGH!
After a very hasty glance at the index charts, I bailed 100% out of my Russell puts and IWM puts. It is very rare I screw up like this, but I'm off to a late start. The morning is good so far, and I'm trying to determine if I should go long anywhere. Feh!
