Doubling down at the open. How many times do I have to learn not to buy into a gap up at open, even if the government is egregiously pouring trillions into equities.
Other problems with options at the open.
1. The spreads are too large.
2. Waiting for the spreads to come down to reason practically ensures you're buying at the spike.
3. You cannot properly judge the trend. Note to self: pre-market trading is a worthless leading indicator.
Tuesday, October 14, 2008
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