"Taking it one day at a time because there is nothing better to do than living in the present."

Friday, October 14, 2011

I got very f*cked!

NDX shot way above 2350 and my total lost on options trade is around $1200. I should have closed the trade yesterday but held on and GOOG's results pulled tech stocks way beyond what I have anticipated. So for the year NDX has shafted me beyond $10k losses. Worst yet I have a wash sale on this trade hence excluded from my income. I just gave away $1200 and paid taxes on top of it. This is the greatest kind of robbery there ever can be. Let it continue as the market churns upward while I trade on the wrong side. My TZA is at a four figure paper loss and growing but I can manage because its still a position. F the market for being so overly optimistic when nothing really has change. Europe still needs to be bailed out and America is not growing economically fast enough to produce decent jobs. Why on earth would the market trade logically I wonder. Let it be known that I intend to battle on. Win or lose I continue this fight because I still have capital. Bring it on!

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Disclaimer

All information in this blog are not to be used as investments by anyone. It is shown only to record my own experiences in the markets. I am not responsible for any lose, pain, anguish, or death you may have from following my trades. Therefore I polity warn all readers to use this site's information at their own discretion.