Frustrated

I am frustrated with myself, I let my emotions trade. I felt weary about a possible bounce on JPM, so next market morning, I decided to take my 60% profit. Only to watch JPM continue to plummet, and watch what could have been a 300% profit walk away from me.

My frustrations continued to mount, as I was stopped out of a play on the Q's. I took losses on that, but ended the day with a 30% gain. I have never had such a frustrating day of gains before. Next week is a holiday week, so I am going to try and ignore the world and relax.

Set to Open Lower

Things appear bearish. The SPY is seeing some pre-market volume to the downside.

The Q's are gaping lowers.

JPM is gaping lower.

I expect this trend to continue, but I am ready to snap up profits on my JPM puts if buyers decide to show up. (I am long OTM Dec Puts).

There seems to be nothing out there to stimulate the economy, certainly not the government, and economic news continues to slowly become more pessimistic, pirates certainly don't help matters. Hang on, because it's going to be another choppy day.

JPMorgan

JPM came out with some bad news today, and it's down trending stock made new lower lows, so I took a risk and went long a put. So far it's still trending lower, and even broke through some early support.