Never Short Obama!
I am getting killed shorting today. We have a series of compounding errors:
1. I did not sell the puts on Monday creating frustration.
2. I did not execute my plan to buy Obama and then sell Obama. This week he has spoken on Monday, Tuesday, and today.
3. I shorted into a dull day (day before Thanksgiving) that is illiquid.
4. I kept trying to play the same direction and within the same hour.
I must have the discipline to not play when I am off.
I had my biggest trading win last week (+6800) on Friday buying up the Obama rally. Today, I had my biggest trading loss (-5250).
LESSON: BIGGEST LOSSES FOLLOW THE BIGGEST WINS.
Don't do stupid things when you feel emboldened.
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