Every time oil $USO popped, I added to my short position. I gave myself time. If a deal is reached before election, this reaches $100k profit! I don鈥檛 expect to collect all, but I鈥檇 settle for $50k :)
So far Trump has managed to control the price of oil from exploding (more than it is), if he reaches a deal with Iran, I expect oil, bonds, and market to all be a lot better. If he didn't attack Iran all these months, why would he attack right before elections!
Crazy month! Was up 26% ($20k) and gave it all back. Still up 100% YTD. I wrote a lot of lessons down, I hope they stick.
To be fair, the market gave me every opportunity and warning to exit and even recover my profits but GREED got in the way.
The importance of acting quickly: I had weekly $MSFT calls going into today. Microsoft looked great pre market. But it dumped fast. Exited quickly in the first few minutes for 35-50% profit instead of holding and hoping. Stock has been trending down since then.