Yesterday was an absolute cluster with the algos hanging on every stimulus word making the markets swing widely to burn option premium and I had to sell my positions for $600 loss. To say I’ve been rocked in the last three months is an understatement... for full disclosure my options account is down 52.04% my long account is up 18.4% so that’s more important, but still it’s been rough.
SPY
SLV
TSLA
Headlines
- IMF says Asia's economy will shrink more in 2020 than it previously thought
- Southwest Airlines posts biggest-ever loss as coronavirus slams demand
- 5 Questions Ahead Of The Last Trump-Biden Presidential Debate
Trades
- 30 10/23 20.5 SLV Puts
I’m not sure I want to trade much more before the election it feels more like gambling with algos and tweets driving and real volume. Honestly it does not feel like much actual trading is going on it’s just computers pass shares and liquidating any retail money in the market.
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Yeah, I think I would just cut my loses at this point. My 403b is doing fantastic, but anything else is just a crap shoot until things kind of slow down.
Yeah my retirement accounts are killing it maybe ossicle investing is the way. The ups and downs of options trading are stressful. To be able to leverage is both good and bad. When it's good it's really good but a few bad trades and poof lol.