What the ? The stock market accelerates to the upside after a push above the 200 DMA on Friday. I did not expect this move and for the most part I am not participating. If someone had outlined this strong rally scenario last Thursday, I would have said maybe 5% chance.
I am tempted to chase the rally, then remind myself that is where some of my big losers have come from. It is a high risk time to go long, especially via selling puts like I tend to do.
My secure thought is that at least I am not short and losing my shirt. There are few things worse than being short and losing big money when most traders are raking it in.
Long SPY
No comments:
Post a Comment