Wednesday, January 14, 2009

Expiration week

Yeah, another option expiration week. Am I watching my positions? Not obsessively, I like to think. Once or twice a day. Still, looking at my positions sometimes leads to an impulsive trade. Well, that's partly what got me into one that was looking good yesterday, long OIH with two diamond butterflies 1x2x1 70/80/85 Jan 09.  Worth $2000 if all goes well and OIH goes to exactly $80.00 on 3:59:59 EDT Friday, January 16. Ha! Not likely. It'll probably either blow past 80 to 85 or so and be worth $1000, or it'll expire worthless as the market crashes in expiration week again.

Is this on my mind constantly, even if I'm not watching my positions obsessively? Well, with $26,000 of debt, no income, and trading with debt money, I suppose it's unavoidable. So maybe all the obsessive FaceBook gaming these past few weeks has been a way to distract myself from being obsessive about trading. That is *NOT* proof that I am not obsessive about trading, now! It is merely proof that I can replace one habitual obsession with another. Yes, addicts can find substitutes, but substitutes do not cure the addiction.

Hmm, I should probably try some EFT... (Emotional Freedom Technique, some sort of tapping recommended by Joe Mercola of Mercola.com, see http://www.emofree.com/)

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