Thursday, May 21, 2009

treacherous YM gives headache

so i'm up early to get rid of my GS and i'm worried, because futures are down considerably and so i think get rid of it as fast as possible.  it opens about 1.5 below my position and i'm sweating bullets and it zooms up and i sell for a measly .2 loss.  sigh of relief turns to horror as it continues skyrocketing, touching 139, +3 from my position.  i couldn't believe it, the entire market was tanking and it was zooming.  it stayed up there for a while too, pissing me off for most of the morning.

the rest of the market was solidly red...i scalped the YM a bunch of times and felt mighty good about myself.  then i went to bed, but i didn't feel like sleeping, so i decided to go get coffee at Greenberry's.  they finally got wireless.  i get there and the market is flat.  no movement at all.  which is fine with me.  i drink coffee and enjoy the sun.  look at the chicks.  go get a delicious burger at Ray's Burger joint, which i totally scarfed.  the rest of the patrons must have thought what a pig, but then again they don't trade the YM.

the day ended very badly however.  i shorted YM at what i thought was a good level, because i thought the market would continue to tank downward.  big mistake.  the market zoomed up and zoomed even more at close.  i bought at the low and sold literally at the high.  such bad trading is almost unprecedented for me.

was it because i was bored and didn't pay attention?  was it, i still don't understand how to trade YM?  or was it the kind of smushage i have gotten conditioned to over the past year, simply don't happen any more?  new patterns are emerging for sure.

anyway, i got a big loss, vaporized all my profits and got a nice headache as well.  sigh!

GS10SLD10.30JUN09 130.0 CALL Option GS FF09:33:3120090521NASDAQOM4.50
YM3BOT8286.0JUN09 Futures YM JUN 0909:37:1020090521ECBOT6.39
YM1SLD8284.0JUN09 Futures YM JUN 0909:41:5520090521ECBOT2.13
YM1SLD8284.0JUN09 Futures YM JUN 0909:41:5620090521ECBOT2.13
YM1SLD8284.0JUN09 Futures YM JUN 0909:41:5620090521ECBOT2.13
YM1SLD8298.0JUN09 Futures YM JUN 0909:48:0120090521ECBOT2.13
YM1SLD8298.0JUN09 Futures YM JUN 0909:48:0220090521ECBOT2.13
YM1SLD8298.0JUN09 Futures YM JUN 0909:48:0220090521ECBOT2.13
YM3BOT8288.0JUN09 Futures YM JUN 0909:59:4620090521ECBOT6.39
YM3SLD8294.0JUN09 Futures YM JUN 0910:01:1220090521ECBOT6.39
YM3BOT8284.0JUN09 Futures YM JUN 0910:02:1320090521ECBOT6.39
YM2SLD8290.0JUN09 Futures YM JUN 0910:03:2820090521ECBOT4.26
YM1SLD8290.0JUN09 Futures YM JUN 0910:03:2820090521ECBOT2.13
YM1BOT8285.0JUN09 Futures YM JUN 0910:13:4920090521ECBOT2.13
YM2BOT8285.0JUN09 Futures YM JUN 0910:14:0220090521ECBOT4.26
YM3SLD8290.0JUN09 Futures YM JUN 0913:00:5520090521ECBOT6.39
YM1BOT8277.0JUN09 Futures YM JUN 0913:05:0720090521ECBOT2.13
YM1BOT8277.0JUN09 Futures YM JUN 0913:05:0720090521ECBOT2.13
YM1BOT8278.0JUN09 Futures YM JUN 0913:05:0720090521ECBOT2.13
YM3SLD8230.0JUN09 Futures YM JUN 0915:02:1720090521ECBOT6.39
YM3BOT8290.0JUN09 Futures YM JUN 0916:00:2220090521ECBOT6.39

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