OPTIONS TRADERS CO-OP

[jmbar2]

0 - I'm out now. Whew - a truly awful trade. Fortunately, not a large % of my trading kitty. Still ahead for the week, but by less.

I kept expecting it to rollover at some point due to the low volume. Then I got deer in the headlights watching it keep rising.

Did not follow my usual exit plan.

Several lessons learned:
- I generally trade stocks whose trajectories I understand well. Need to stick to my knitting. Don't understand indices well yet except on very volatile days.
- Don't fight the trend - I fought it all day.
- Charts don't lie.

An interesting lesson - one that I do not wish to repeat. Gonna watch the calls for the rest of the afternoon to see how that works. Taking screen snaps of the charts as I do.

Thanks Roy - always appreciate your feedback. You are a good mentor!