The market closed today with the Nasdaq down 15.09, the Dow down 84.31 and the S&P down 6.89. I stayed in my position of being long the Oct 39 Puts although I attempted to liquidate at $0.65 within the last hour to the close. Uncertain news is coming out tomorrow (Fed meeting and possible rate hike) and the unknown of another hurricane makes this position a bit...Shaky. Also, my trading system signaled a sell and then signaled going long...both of which I ignored.
The reason for having a system is to follow it and take some of the decision making out of the way. However, my big issue is with daytrading in a cash account and worrying about settled funds for getting back into the position tomorrow if needed. Probably a bad idea. I'll try again tomorrow.
No comments:
Post a Comment