So you, the reader, might be wondering why I post the market analysis on here with the market performance for the day. This is normally not an analysis but more of a recap of the days market direction. The main reason is because this is my trade journal and I want to look back as many days as I’d like and see what the DOW and the market did and how far it fell or rose.
Additionally, there’s no other place that will archive it in numbers. Sure you can look at the daily chart on the stockcharts.com site of many other site, but you can see the exact numbers nicely listed.
Anyway, it was a sudden move towards the end of the day. If I had held my position it would have been a nice profit for that effort. But from the normal events of the day, it just seemed those options would expire and the entire premium would be lost. So I thought to just sell at loss. And then it rallies. Oh well, next time, I’ll just hold. Additionaly, being expiration day didn’t help.
I’ve gotten good advice on how to daytrade. I will follow it as much as possible.