13 Jul Heavy Trading Loss by a BBT Trader and Myself
Dear Traders, Happy inflation day! Today, we once again heard that inflation in the US is cooling down rapidly, with the MoM PCI rising only 0.2%, approaching the target of 2% overall inflation. The market responded positively to this news, opening with a strong gap up and trading higher. Unfortunately, I was short on TSLA calls as you know yesterday and got stopped out as Tesla gapped up over 2.5% today. Interpreting inflation numbers can be challenging. People...