Don’t Trade Before Option Expiration

Today I closed my long position on UCO.  If you recall, this was a complete accident but I ended up benefiting from it since UCO gained pretty significantly in the last two days.  I still have my POT (put option) which will probably expire worthless even though POT price is lower than when I bought it.  This is solely because of time decay and option expiration. Continue reading

My Last Couple of Days

I have been working hard both in my day career and my investing career.  I have somehow gotten immune to all of the ups and downs in the market.  Even when I win or lose $1,000, it doen’t phase me either way especially now that I’ve gone thorugh the $4000 swing in a day. Continue reading