This day has been really interesting and stressful for me today. This morning I took up a long position on 10k shares of CFC over a 15minute interval, averaging 17.80, hoping for a dead cat bounce over the next few days. However, this afternoon, I started shitting in my pants when things were down to the mid fifeteens. Fortunately, the last hour of trading, I was able to get rid of everything in between 19.80 and 20.05. I don’t think I’ll be trading in this crap again. Too much volatility for my stomach.
I haven’t slept well in the past couple of days, trying to trade a few other stocks on the swings. I’ve been moving in and out of CVX , MO ,GYMB ,INTU over the past few weeks, trying to enter $79,$66,$38,$28 and exiting when things approach $83,$68, $42, $30… This morning i entered CVX, $79.15, MO $65.52 and GYMB $37.25, and this afternoon exited INTU at $29.01. This will be the fifth round of entry I’m doing. (Of course, I did a bonehead thing, and fat fingeredd MOV instead of MO when I was typing too fast during this morning, so I invariably picked up Movado too 🙁 ).
We’ll see how long I can keep this up before I die of a heart attack. Of course this is just play money, so if I lose it oh well. Not sure really how to play with this volatility, so it’s just an (expensive) experiment for me right now.
