General Options Blog

Wednesday’s Recap & Commentary

Good evening.  It was a nasty day for the stock market, especially for those positioned for higher prices, and you can include me in that company.   The last few weeks have been tremendous, almost too tremendous.  It seemed  every trade was working to perfection.

Sitting back this evening I realize that yesterday at this same time I was rather confident that the market was going to trade higher today.  Instead the market reaffirmed the notion that I am not the Perfect Trader.   It Collapsed and took the value of some of my Call Options with it.   The Perfect Traders are found recapping today's  market action on some business news network, or posting to  80k+ followers on Twitter how perfectly they nailed the Biotech Top.  And good for them.  They've earned it.

For me, it's about getting back up, dusting myself off, and getting back to work.

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