Yesterday Was Crazy

Home / Leveraged ETFs / Yesterday Was Crazy
February 6, 2010

So here I am at Epcot, and I had just gotten off the Mission to Space “intense” version simulator and am not feeling well at all. Simulator rides tend to make me nauseous. I went on the “less intense” version about 30 minutes before this one and it was fine, but wow the “more intense” version is barf buster.

I didn’t throw up, but it was touch and go. Meanwhile I see its 3:20pm when I checked my phone (Dow -120) and I knew I had start making trades because I can’t wait till the last minute when trading from my blackberry. I use iStockManager, which I love btw. However, I started wrestling with this sickness at the wrong time. As we walk to Mexico, I’m checking quotes of the things I planned to buy, never looking up, and navigating the crowds by looking at the feet in front of me (Dow -80). We make it to Mexico, 3:30pm (NDX positive! Shit I better act!), and I ask my wife to get me some chips and guac as I sit on the steps to the entrance still checking my phone.

I’m eating the chips and guac, while trying to buy SPY calls, Dow is down probably 40-50 pts at this point, and I know that hammer is coming I gotta get these CALLS! However, the new symbols for options is proving a problem on iStockManager for placing an order. In the old version I can navigate through the option chain and pick what I want. However, in the new version I have to enter the underlying symbol, select the option, and it doesn’t say in the order form that I’m set to buy the option, its set to buy the SPY. At this point I don’t even check quotes, I know my weekly signal will be on for a long eod.

So as I chow down these chips trying to get some salt into my system, I’m on the phone with Ameritrade, trying to get a broker on the phone. Then it starts to rain. The crowds rush Mexico. Its packed inside.

If you have ever been, its a pyramid, with tile floors, its really loud inside. I go outside and find a sliver of dryness against the pyramid walls. Standing there on the phone with the broker, still sick, eating a plate of guac and chips perched on the pyramid walls, we try to get an order of SPY calls going. For some reason the dude was slow, as my back catches the rain.

Finally the order is ready to process, wrong account. Ok switch accounts, and process same order. Oh you want market? Yeh GIVE ME THE MARKET the spread is friggin two cents go go go (In my head)! Finally done. Now from here I know that I can order way faster on the phone, and I just decide to forget any more option trades and buy ETFs from the phone.

In the rain, down to the last of my guac and the last few chips, I buy SSO, QLD, TNA, UYM, FAS, BRF and went long over at Rydex 2x funds NDX, RUT – had to call in that order too. UWM (was purchased actually before I left room in the morning around 10:30 with the Dow down about -90 as a test position to make sure my phone would work with the PIN/password method). Some of these positions were bought multiple times for different accounts, like SSO, and UWM.

It was frantic to say the least. My wife and I went on the boat ride inside and while “cruising” I executed my last trade; a little more TNA. I reach back put my arm around my wife as if I was piloting this puppy not caring if anyone is in the row behind me (there wasn’t – we were in the front).

I’ve had my fair share of times rushing home to make a trade with 5 minutes to go, as I’m sure everyone has, but this was probably the wildest 30 minute trading experience of my life.