Alright. I haven’t had the best last couple of work days, and it’s time to get into it. I’m feeling okay this morning… I’m frustrated with people’s opinions as usual, and took a bit of a hit when I saw that I can’t trade Forex still, so it’s been a struggle to get started (it’s now 9:12, and I’m just starting). That said, I did (seemingly) get approved to buy puts and calls, so that’s good. I guess I’m still going to have to wait to do spreads, too. At least I have the capabilities to get into options, now.
(gosh I hate this).
Equities are down a bit today. Last week it looked like this was potentially retesting a prior-support resistance level, and that appears to be coming to fruition. Price pushed up a little yesterday, after a gap down, but just barely beat Friday’s highs if at all. Today, price is down a bit, but mostly hasn’t moved. I think overall the markets are heading toward more weakness, so I’ll keep that in mind, but I’m still largely going to make my decisions based on the stock’s charts themselves.
Additionally, looking at the VIX, it’s been trending up all year, and while it’s been choppy (it’s the VIX, not an asset), it still looks like it’s pushing upward. It looks like there could be some more volatility in the coming days/weeks, but we are getting near all-time highs, so it’ll probably reverse somewhat soon. Granted, even if volatility is falling overall, that doesn’t mean I can’t find opportunities where volatility is still increasing, but it might be more difficult. I’m not sure what I’m really getting at here, just wanted to note what I saw in volatility. I don’t think it’s going to change how I trade much today