You sure are right about that. You see that chart of the SPX above? That near parabolic move up off the March low? Well, remember back in late Feb we were here talking about the TNA calls? I bought 30 of the I think it was June $10 calls with an average of $4ish. I know some were in at $3ish.
I FRIGGN KNEW IT WAS GOING TO DO THIS!!!!!!!!!
But what did I do? I listened to much to Moe. He WAS CONVINCED BASED ON THE HOURLY WAVE COUNT THAT THE MARKET WAS GOING TO DO ONE LAST LEG DOWN UNDER THE MARCH LOW.
Having listened to him for so long, I know that when he says something so strongly, you really have to listen. So, I sold for a couple thousand dollar profit. BUT IT COULD HAVE BEEN FRIGGN' OVER $20k !!!!!! MOE YOU F"cker!
Just kidding, Moe. But damn, shoulda just rode it out. But then again, you just never know. At the time the market seemed to want to keep going lower and everyone was ready in their bomb shelters.
