Brian, IMO, this market will go lower. By selling short, and looking for only about a four bit return, I think I am well within the volatility of QQQ. I am in at 29.15, which is not the low, and trying to sell at 28.65, which is not a low.
All things are possible in this market, and you may be right that we could get a 10% to 15% rally that lasted. I don't think so, and I am willing to make the short term bet that it is not going to happen.
The way things are, I would rather be short than long right now. However, I do respect your opinion and am glad you posted it. BTW, as far a sleeping while the market is open, I would rather do that, with a cover order in, than set there and stare at the screen for no reason. I am not trying to "clip nickels", but 50 cent pieces.
AlanS, I think you missed what I am doing. This thread is for Option Dummies, and you thought I was trading naked options. I am not that crazy! I am a short term trader dummy, posting here for lack of a better place, and because I respect the people here. |
