...If on the other hand the market views it as a sign the Fed has gotten behind the curve on inflation then the correction could be very deep...
In other words....Heads, I lose, tails, the market wins...
Oh well...
Days like today is when using the "selling covered calls strategy" (equities), has worked so well for me....
...except... that just yesterday, I became a little, "too-eager-beaver" on the long side of one of my positions, (good thing I did not go FULL BLAST)... and I did what I have said WOULD NOT DO.... and BOUGHT some calls...
So here is the simple advice to myself:
Rule # 1 Don't brake your own rules.
Rule # 2 Don't forget Rule # 1.
...... except, being the stubborn mule that I am, I went and bought more today, to see if it can get me out half alive, in case of a rebound.
Luckily for me.... it is only one position, and it may just turn around yet.... Can't win them all I guess...
Well... today I feel like that fly in that Mercedes advertisement, being trashed around and hit every window in the car, as the guy driving it accelerates, turns and stops.....
....I am getting ready to be "flicked off out the window" (as it happens in the add....) let's hope the landing will be somehow cushioned by some muddy ground...<g>
Good trading to you. |
