After a few months of hot performance, I'm hit with a nuclear winter for January 2009. Kaboom! I guess that regression to the mean is in effect. It is a totally disastrous month for me. This will definitely hit my confidence badly. Time to reduce trade.
The following options all expired worthless:
XOM put, V put, AGU call, GLD put, STI put (the expected action was late by 1 week after expiration!), CELG put, BIIB put, CVX put, GENZ put, MMM put.
I have large position in oil and biotech sectors. These two sectors goes up instead. That explains the large hit. The lesson learned is not to overtrade and not to overweight too much on a sector.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment