junqi的博客
just personal musing
正文
just kidding..
on the other hand, what are you suppose to do in a day like this other than fold your hand, let the market play out itself...
If FED want to send a message, it suceeded. it choose to annuance its action right before the option expiration day to maximun its effect, there are a lot unhappy "put" buyer for sure. and that partially explain the furious move at the beginning.
Now what? will Monday be like this ?
I am sure there will be a lot of debates during the weekend. many may realize that Fed's action today has no "real" net effect on the credit market other than sending a message that they are watching. On the other hand, is this the end of the confession of sin climaxing by Countrywide's decision to tap its credit line with banks?
I believe jury is still out.
I am suppose to vacation for the two weeks and decide to try my hand as a full time trader? what a week this was, my timing could not be better :), but, if I can handle this week, probably, I should be able to handle other week.
the biggest lesson learned for a full time trader is to be discipline and sometimes take no action, it is hardest part, you can easily caught in the moment.
Monday I will take a short trip out of down, maybe I can update my picture page in my blog :) hopefully, everything will be well...cannot wait to see
on the other hand, what are you suppose to do in a day like this other than fold your hand, let the market play out itself...
If FED want to send a message, it suceeded. it choose to annuance its action right before the option expiration day to maximun its effect, there are a lot unhappy "put" buyer for sure. and that partially explain the furious move at the beginning.
Now what? will Monday be like this ?
I am sure there will be a lot of debates during the weekend. many may realize that Fed's action today has no "real" net effect on the credit market other than sending a message that they are watching. On the other hand, is this the end of the confession of sin climaxing by Countrywide's decision to tap its credit line with banks?
I believe jury is still out.
I am suppose to vacation for the two weeks and decide to try my hand as a full time trader? what a week this was, my timing could not be better :), but, if I can handle this week, probably, I should be able to handle other week.
the biggest lesson learned for a full time trader is to be discipline and sometimes take no action, it is hardest part, you can easily caught in the moment.
Monday I will take a short trip out of down, maybe I can update my picture page in my blog :) hopefully, everything will be well...cannot wait to see
评论
cool_river
2007-08-19 13:38:56
回复
悄悄话
You seem to be a wonderful trader!
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