As the pre-market session opened this morning, Baidu ($BIDU) was off more than 4%, hitting $205,
General Options Blog
It’s All In The Charts: A Few Charts 3-25-15
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.
March 25th, 2015 Watch List
Tuesday Recap
The market dropped again today, but it sure didn't feel like it. $TWTR, $SCTY, $Z, $DDD, $GOOGL, $NFLX, $FB, all rallied on a day when the S&P 500 and Dow Jones Industrial Average were down over .5%.
$TWTR brought home the bacon today as the stock soared over 6% sending the CALL holders home very happy.