Monday morning. Raring to go. A few good picks. First pick triggers, AI, I buy puts. Place my conditional orders. Look at second trade. Triggers. Can't get the trade in... I don't have funds?
I show my account balance and I'm in utter shock. I'm down $22million!!
OMG! What happened? Did I buy some ton more than I thought? Did I get the worlds worst fill? Did I get exercised? What's going on? None of these ideas get anywhere close to explaining -$22million. My account is many orders of magnitude smaller than that.
I closed AI for a 6% loss, to close my exposure. I had no idea what was going on !
Turns out Schwab had a "glitch" (to say the very least!) after a system update that mis-calculated options commissions. Long story short, at around 11:30 it was resolved, but I lost the whole morning. Finally sat down to trade after 12.
Turns out Schwab had a "glitch" (to say the very least!) after a system update that mis-calculated options commissions. Long story short, at around 11:30 it was resolved, but I lost the whole morning. Finally sat down to trade after 12.
Managed to catch nice trades on SNOW (tradenet pick), CCIV and AMC (premkt screener). I'm aware I don't have a good screener for mid-day trading. In general I don't really want to do midday trading, and/but so far all I really have to go on is volume screener. All trades were under 25%, only 2 tiny losses (-5%, -2%, -1%). Tight stop is the right stop. Zigs, no zags.
This is what I can do today in the way of annotating
