From the journal.
3:36 am sold 500 VXX 34.80 +1.79 +875
3:38 am sold 500 FAZ 16.95 +0.79 +375
Should've sold before the open or just after the open. I got greedy, wanting my earlier sell prices as both dropped, rose some, then dropped to a lower low in the first few minutes.
VXX opened at 35.74. Yesterday's close was 34.07. This morning's high was 36.22. I let 1.42 slide. ($710)
FAZ opened at 17.90. Yesterday's close was 16.94. This morning's high was 17.91. I let 97¢ slide. ($485)
Basically horrendous handling. I knew the open would be the most likely high of the day in this situation, following days of selloffs.
3:46 am VXX now 34.39. FAZ now 17.05.
After being up at least 2k when I last checked (it got higher at the open), I netted just $1,245 after commissions.
In other words, I barely made up for yesterday's losses. I'm pissed.
Now I'm checking my paper profit at the high. It was +1,605 on VXX and +875 on FAZ.
One of my sells the other day was just before the opening bell. That worked well. I should've repeated that today. The market, or at least VXX and FAZ, hit their highs within a minute or two after the bell. Downhill after that, giving up gains of 4-5%.
3:52 am FAZ 16.50 -2.5%, VXX 34.15 +0.23%.
Grade these trades a C-.
100% cash. Time to buy AAPL?
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