Oh. My. God.
Look, I know nothing is more boring than the trades that got away, but I have got to share this. See, yesterday, I decided to enter a tiny position on SMH puts just for the hell of it. That’s the arrow on the left. At the opening bell, things weren’t looking so sharp, and since the puts expire literally today, I dumped them. That’s the second arrow. I got that sense of relief we all feel when we’re no longer scared. That feeling would instantly be supplanted by self-recrimination.
You can see the particulars below. I paid $2.19. I sold at $2.20. That’s a penny. A goddamned penny of profit. With commissions, basically a wash. As I am typing this (a full 3.5 hours before the closing bell) the profit is 351%, and by the time you read this, only the Lord knows. Good GOD, I’m an idiot.
Great chartist. Terrible trader. Story of my life.
