Thursday, May 21, 2009

Sold NEM puts for .40

very, very frustrating to see the gold sector underpreform the market in the morning and then out of nowhere surge into the green. The market is telling me "not so fast asshole" and so I bailed. This could very well be a whipsaw and I end up looking like a donkey but I don't believe in hope as a viable strategy. This trade was made based on sentiment and technical factors and so it may be the case that there factors may get more extreme before reversing....or again I got whipsawed. Whatever....I can always get back in if I want.

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