SPDR S&P 500 (SPY)

[2bit-nothing]

Another example of bad trader traits

"We are now close to the 50% fib mark which is good enough for me to add more positions here and again at 1020, the 61.8% fib mark once we get there. And courtesy of market maker volatility monkey business the premiums on my existing March puts have been degraded to the point where I am actually in the negative on the ones I bought around 1040. Fine by me - just another opportunity to add long term positions.

Let’s see who’s going to have the last laugh a few months down the line."

As opposed to riding the trend and counting coins, this fellow let the bullet train ride over him. Dump all gurus preaching crash. Why
look beyond too far out of anybody's ability, Trade the present and count the coins.

2bit