Short XLF not because it is hard, but because it is easy
Its top two constituents by weight, JP Morgan and Berkshire Hathaway's (stinky) B shares, have been performing very poorly in comparison to most stocks:
This along with XLK (tech bubble) and XLE (oil) are, to me, overvalued and must be denied higher prices.
This along with XLK (tech bubble) and XLE (oil) are, to me, overvalued and must be denied higher prices.
تم إغلاق الصفقة يدويًا:
I'm glad I picked XLF instead of the other two.
Closing trade for now, will consider reopening near the end of today's session
Closing trade for now, will consider reopening near the end of today's session
تم فتح الصفقة:
Reshorting, aim for a sweep at around $19, previous low
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Longed $25 6/19 put on Thursday, 11th of June, near open, .31
Covered with a $24.5 6/19 put on Friday, 12th of June, near mid of trading session, 1.19
Rolled over into $24 6/26 put on Friday, near end of day, 1.32
--
Mistakes made:
- Didn't cover the 6/19 long put earlier like near EOD Thursday or start of the session Friday
- Should've waited further into the session to rollover into the 6/26
- Maybe should've waited to get into 6/26 put on Monday instead