So this is total emotional roller coaster. Instead of seeing big loss on my SPXU position, it's now actually green. Now I wished I had bought more on today's gap up. One simply can never be truly happy whether the market goes up or down. Greed and fear would ensure that you'll never be happy.
I can't imagine how The_Real_Fly has had to go through. Started with +20% YTD during the first quarter, he gave it all up and was down -3% YTD just two weeks ago. After last week's biggest rally of the year, including a 40% move on his biggest position, YELP, he was up 7% YTD. The weekend bailout news was supposed to bolster his momentum of win-ship, but as it turned out, the rally fizzled right out of the gate and turned into a sell-off day, losing in excess of 3%. Today was truly ironic. But at least the bulls were the one who got to sleep well and celebrate during the weekend, basking on the Spain bailout news.
Trading and investment is too tough in today's environment.