I should of looked at the big picture, but even that would of not stopped me trading on a solid streak. Well I’m down around 50% for Sept-Oct. 12′ so far. I should of knew better. Everything I was taught was to warn me about warnings season during this time. Even with all the positive growth and cash flow I still took a hit on my GOOG calls which were way in-the-money. I had 2 changes to cash out making some money and I sat on the piano waiting. I’m really pissed at Apple Inc. right now but they really don’t care. Apple has been dragging down tech in every way imaginable – which is plenty of a reason not to be buying CALLS in any tech. No matter the good news if Apple is having bad news everything will be brought to its knees. This makes me really think the big picture again – Apple can’t stay big and profitable forever unless is cross’s over into more products… more like Google. I’m still waiting for Facebook to really profit from its 1 billion users. Well, it’s not the end of the world.
I’m going to a stock options seminar in two weeks and bring my mom. I’m leaving the credit card home because I know I don’t need any specialized stock system to make good trades you just need discipline. I figured I go to learn some new strategies and just get me pumped to do better. I know I can. It is just a matter of focusing on what I do best and stay away from what I do worst. I’m still figuring that out, but what I do know is that I trade better intraday in the last 3 hours of trading 1pm – 4pm than any other time and doing it consistently even if its smaller gains. I’m becoming an old fart and I really don’t want a day job.
October 12, 2012 | Categories: trading stock options | Tags: aapl, apple bring downing tech stocks, goog, intraday best times to trade, october stock market crash, trading stock options | Leave a comment