Apparently I mistakenly left in some sell orders to short SY after the close. I headed to our training room for a Tradecast with our new traders and a guest visitor from CT. One of our traders poked his head in the door and said,”Bella you got filled in SY and are way out of the money.” I have heard better news.
I scurried back to my trading desk, was six points out of the money in SY and traded out of my short position. I should have stopped there. But I kept trading. I made things worse. Take my initial loss and add 50 percent. The programs ate me up in SY after the close.
I did gain some more screen time trading in the afterhours. I did trade with some more size than normal which will lead to future gains. I did see the pattern that was driving the movement in SY, which I will see again. And I reinforced an old thought that I have developed for afterhours trading: wait for someone to get caught leaning the wrong way and then pounce.
Generally whenever a big offer was taken for what seemed like too much, SY changed directions. And violently. Whenever bids were hit too aggressively, like at 63.30, after the afterhours uptrend seemed to break, SY traded strongly higher. Someone had to get caught on the wrong side for a significant move to manifest.
I am not happy. I am disappointed in myself. I am better than that! Tomorrow offers me an opportunity to prove my last sentence.
I am heading home and looking forward to reading some more of my newest awesome book on my Kindle, will play around with my iPad and all things Twitter, think about the content for SMB’s Play of the Week we tape tomorrow, watch the Yanks night cap and HardBall, listen to the new album I just downloaded on my iPod, grab some spicy chicken Pad Thai, respond to some of your emails, think about a few good set ups for the open, and then call it a night. I made a mistake today trading, no reason to make it anything more than that.
13 Comments on “My Mistake, Move On”
Hi Bella,
I am a new trader in SMB remote Foundation training program from Boston. I also traded SY badly. I was pretty down on myself till I read about your SY trade.
Thanks for sharing your experience. It helps new traders like myself that our Role Models can also make trading mistakes. Time to move on and prepare for tomorrow.
Tariq Malik
Hopkinton, MA
Hi Bella,
I am a new trader in SMB remote Foundation training program from Boston. I also traded SY badly. I was pretty down on myself till I read about your SY trade.
Thanks for sharing your experience. It helps new traders like myself that our Role Models can also make trading mistakes. Time to move on and prepare for tomorrow.
Tariq Malik
Hopkinton, MA
We are judged on our performance not our knowledge.
We are judged on our performance not our knowledge.
” Iam heading home and looking forward to reading some more of my newest awesome book on my Kindle, will play around with my iPad and all things Twitter, think about the content for SMB’s Play of the Week we tape tomorrow, watch the Yanks night cap and HardBall, listen to the new album I just downloaded on my iPod, grab some spicy chicken Pad Thai, respond to some of your emails, think about a few good set ups for the open, and then call it a night.”
Oh man, no playing with your girl???
” Iam heading home and looking forward to reading some more of my newest awesome book on my Kindle, will play around with my iPad and all things Twitter, think about the content for SMB’s Play of the Week we tape tomorrow, watch the Yanks night cap and HardBall, listen to the new album I just downloaded on my iPod, grab some spicy chicken Pad Thai, respond to some of your emails, think about a few good set ups for the open, and then call it a night.”
Oh man, no playing with your girl???
😉
😉
http://www.smbtraining.com/blog/how-2-make-3k-in-30-seconds#comment-22562
the market giveit the market takit.
alway check the underlying news, don´t trade stocks that are in takeover play.
http://www.smbtraining.com/blog/how-2-make-3k-in-30-seconds#comment-22562
the market giveit the market takit.
alway check the underlying news, don´t trade stocks that are in takeover play.
Bella Hi.
I am a medical doctor from israel day trading and would like to sya that i like your blog alot.
I would like to discuss somthing privately if possible
t.hx
Bella Hi.
I am a medical doctor from israel day trading and would like to sya that i like your blog alot.
I would like to discuss somthing privately if possible
t.hx
Eli,
Send me an email at [email protected].
Mike