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akivojuqerupe
08-10-2015,
This market is all over the place. I had decided I would stay in cash on sunday because I expected volatility. If I wasn?t just actually paper trading I would have done that but since my picks don?t really matter I?m learning how to lose money, very well I might add.

Is there a way to trade this? It?s hard to even know where or what to short, if at all. I know in major downtrends you can chose sectors like utilities, healthcare, and consumer staples, but this is just everywhere.

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
Mark Twain
HungryWallet, Jan 29, 2015 #1

akehuhar
08-12-2015,
Volatility is your friend. It is what gives you the potential to make money. I'm loving it...having a friqn hayday. Oil is handing out the pain but I'll keep selling puts into down moves, offering up some calls into any up spikes and rolling the tested ones...gotta turn around at some point right? haha

ajzohrnd77
08-12-2015,
I don't know if I'm killing anything but I'm having a blast.
Volatility creates opportunity. Who cares why something moves...there will never be a way to know which events matter and/or how much they will effect anything. If you think the MCD move is overstated then sell it...but sell it with a strategy.
If nothing else sell junky high volatility in your papertrading account everywhere you can and see what happens.

Net/Net more money is probably made from selling trading ideas than the trades themselves make.

Akimtiuvd
08-13-2015,
Thanks for the tips, AC.I don’t think I realized just how quickly things can turn around. I’m caught somewhere between thinking the market was gonna stay low for the rest of the week and worried it’s gonna turn on a dime against me, when if I would have just done what I thought and bought FAS when it turned from 107 I would be up right now.

I’m not gonna trade it because I just don’t have the confidence in my trading yet and just can’t get over the fact that I feel like everyone else knows something I don’t but, I’m going on record saying I don’t trust the MCD gap up. Unless the last guy was out drowning kittens and this new guy literally shits positive earnings reports, I don’t get it. Time will give me the confidence to trust myself with things like this one way or the other though.

aixuzayimau
08-14-2015,
Doing a lot of sim trading will help to build that confidence. The first problem I would address is thinking anybody knows anything...especially yourself. I have no idea what AMZN or GOOG are gonna do for earning...prob releasing in second. But a sold a ton of junky premium in my simulator in them which will give me a chance to practice managing a winner or loser tomorrow morning. As long as neither moves over 30-40$ in either direction I'll have some winners. And I had great practice this morning...took FB off for a huge win and had to manage BABA back into a small win. Took off some winners in USO and re-established new positions...managed some positions in GLD, SPY TLT etc. Learning how to turn losers into scratch or wins is a big part of trading. But it takes practice and learning.