I went all out today and loaded up on SQQQ calls with no hedge. The Fed was going to raise rates for sure and I suspected that Jerome Powell would say something hawkish. So I went big and it paid off. This could have blown up on me and been the end of my "Phoenix Account" adventure.
My man JPow didn't leave me hanging, told everyone to expect more pain in the future and sent the market into a nose dive.
I didn't hang onto my calls for too long. They shot up in value and I decided to lock in my gains and at least be somewhat cautious. $400 is a fantastic gain for an account hovering in the nine hundreds.
My next move is the most important one. I can't let this win go to my head. I broke my rule about not swinging for the fences. It worked well today but if I keep making aggressive trades I'll strike out for sure. The rate hike was a special event, still risky, but the reward was high. Now I need to hang onto it.