My tip for today:Always hedge your bets. I went long wbc friday,...

My tip for today:

Always hedge your bets. I went long wbc friday, and thought it would go to 1600. When it stalled, I become frustrated and considered getting out. I considered the alternative which was to do a bull spread. So I wrote some calls. Lucky, because otherwise I would have dropped a lot of money today.

Moral of the story - no matter how right you think you are, never expose yourself to a large risk if you are wrong. Because we are all wrong 50% of the time.