Quote:
Originally Posted by karamazonk
I've been getting destroyed too, for a few weeks now. The rug pull day after the insanely bullish close on FOMC day last Wednesday in particular burned me, absolutely brutal. I got screwed both ways, as I entered a bunch of short positions going into the FOMC, dumped those for a decent loss as the market went bonkers during and after Powell speaking that same day, entered some new longs including same week xps before the close, wake up the next morning and it's armageddon because of an insane spike in the 10Y (or so went the media narrative), and the new longs are toast. So I got rekt on short positions that would have paid nicely within 24 hours and then got rekt on the new longs.
Like I predicted a few weeks ago in here, the market has gotten much more difficult to trade.
you're gonna get whip sawed - best to stay in cash until a catalyst - like big tech earnings. You don't have to trade every day. Selling far out puts on AAPL or FB is a great way to use your cash for good use.