But very destructive
-13% week
-53% month
A lot of days I liked my picks, maybe I played them wrong. Overall feeling that "up is down and down is up" where good gaps up sold off and good gaps down were bought.
What I can say about today is I traded small and with tight stops. I traded today's expiration, which is both a good way to gain and a good way to get totally burned. Today I gained, bc picky timing and tight stops.
Today I also used 15% pl target vs 12%. I feel it worked well, and I'm glad to keep shaving off these extra dollars.
QQQ gapped up about 1.5% this morning with FB and AAPL each gapping up 5%+ to ath. Looked gorgeous, but they sold hard and I did a good job waiting and waiting.
The picks that were "supposed to" go down, CVX, CAT, GILD initially ran up hard.
Up is down and down is up.
What is the psychology there? Gap to new ath, so profit taking?
The gaps down were arguably gap below middle range bases, so I can't say gap below strength (see AKAM, huge loser). If anything, gap below neutral.
