Short Term Trading Member Forum

[denmo83]

Today, I moved 100% to cash which included liquidating all option contracts and mutual funds/401k.

The returns on the options were staggering to say the least.

I sold half the November contracts right after the open for a 100% gain. Then the Nasdaq broke through 1984 and promptly shot up to 2001. I then liquidated the remain calls as there was negative divergence on the 60 minute charts and the Nasdaq had recorded it's 5th day in a row with the price popping out the top of the bollinger bands.

On the remaining half of the Novembers, the gain was + 134%. The Decembers gained + 76%, the Januarys gained + 60% and the March contracts gained 41%.

About an hour after selling the options, they pulled the carpet out from under the markets and everything tanked. I felt like the cat that ate the canary. LOL!