It's ok lil' fella!
Tomorrow are the big jobs numbers everyone has been waiting for. If we gap down tomorrow, I am looking to cover my shorts. $NYSI is almost never -1000 indicating oversold. Also, there was to much bearish sentiment chatter out there and the market seems very beat down. CNBC was hurting today, one guy said to short banks, DylanRattigan compared this crisis to 9/11! WTF!, and Crammer said the market wasn't near a bottom.
So FDO was a horrible trade, one good thing I can say was I stuck to my stop (28.50) and I was lucky enough to get out pre-market, saving some good coin.
TLT:
It finally broke out of that triangle, I have moved my stop on it, green line. TLT looks like it wants to run up, which could be negative for the market.
I also went long FST: It looks to be forming a double bottom and finding support, Stoch is turning upwards and has almost worked itself out of oversold territory.
Another High Risk trade I took today was buying some SKF puts. It's a high risk trade, but so far it is up +11%. It comforting see SKF up 16% and my puts up 11%.
