Let’s play everyone’s favorite game show – How Did Tim Screw Up the Trade? (Click here for realistic audience noises as we play). Below is a chart of SMH, on which I owned puts. See that red arrow? Yep, you guessed it. I was sick and tired of SMH going up all the time, so I ditched it. I was happy about this decision for about 10 minutes on Thursday morning, but after that, the SMH did nothing but fall.
Last I checked, after a mere three trading days, those puts were up 194.3%. And why didn’t I apply my 3 Minute Rule? Because I am an undisciplined Bozo, that’s why.



