Today was the biggest point move in stocks ever

Today was the biggest point move in stocks ever

A Wild Week and the Chop continues

This market must be tough for swing traders. Are people surprised to see the market chop around for a month. Perhaps another month of chop is to come. I imagine there were a ton of Puts bought and Strangle strategies put on in the last few weeks. One thing is for sure, it looks like Option sellers have been making bank on the high premiums and increased Vol.

ER2


ZF


In order for this market to grow some BULL legs, C and XLF need to show some buying.


EWZ, Go Brazil!


ZB 30yr


ES- Option Sellers are making Bank. Not sure how Option buyers are making out.


My simulator hedge trade is now negative $600. I'm looking to see if it will go to $-2k or $-4k before reversing back. The market is behaving as I expected now that this trade is negative; moreover; ER2 and ZB are more bearish and ES and ZF are more Bullish. The reason this trade was in the green by $2k a few days back had to do with the steeping yield curve.

BondTalk.com is a great website for learning

Checkout Daily Treasury Yield Curve Rates for historical data on interest rates.

Also Checkout The Living Yield Curve



30yr swap bond futures

CATASTROPHIC BLOWUP!!!!!!!!! (-$12,000..........)

GOT your Attenti0n?

Well that would have been today's headline if my prayers from the 12-0-clock reversal GODS didn't come true. I would like to thank the Traders in Citigroup and Maria Bartiroma for the last hour BUY programs that saved my ass.

Honestly, I shorted ZB twice today, getting a good winner on both.
On ER2 I went long from a BUY STOP getting hit right after the Bernanke speech(it was the high of the day before the huge selloff, my buy stop got hit 3 ticks out of the money and was red 7 ticks in seconds.....). I ended up adding to that long,,,,,,,,,,,,,,,,for a long,,,,,,,,,time. I admit, today I SCREWED UP BIG TIME.

I held my long on ER2 through the lows, while watching bond futures hit resistance during the mid-day,,,,which helped me UNDERTAKE IMMENSE AMOUNT OF PAIN as I watched my account take a STAGGERING HIT.

As my pain an suffering were at a threshold of around 8.5,,, I got software issues from IB. Thank you IB, for having another SPOOKY malfuncitoning,,,you guessed it, right around at the LOWS OF THE DAY.....Look at my workstation.............WTF?????????
(think to yourself, don't panic, this market will reverse.........)



If things couldn't get any worse I was getting calls from work, wanting me to come to work today because someone called out sick.....Meanwhile......

I left my account alone while we continued lower. I listened to the family members in my house argue about how the internet connection had stopped working,,,,that really got me stressing, however during the argument, I kept hearing in the conversation "just be patient with it, the internet connection will come back up", ,,,,,,,,,and that is what I did with my position, I was patient with it, and I let it come back up.

Today's total-
$1,300 on 60 contracts



I'm going to do some hard analysis of what would have occurred today if I had followed my trade signals. I'm sure the readers are just as disgusted as I am with reading how I almost screwed up big time today. I said in the past that I wouldn't let this happen. I blame it on my old intuition trades and not following the trading signals. Maybe today will be the last day I let this happen, I don't know, but I sure hope it is.

Now I'm off to the library to study for a test later this afternoon. My stomach feels bad and I'm light headed,,,time for some caffeine......