What an absolutely crazy day, following crazy day, following a crazy week, and so on. As many of us expected the implications of tarfffs resulted in a very strong sell-off in the first part of the session. The puts I left in place overnight I was happy to offload for strong gains early. I had to close my Amazon call which became even more screwed in the sell-off. I knew that I was going to have to sell it Monday or today, and I do regret not closing the position earlier.

The downward momentum was so strong, as was my desire to make today green despite that bad AMZN call so I was extremely aggressive in my trading this morning and pushed over 40 trades in the first hour. As the price action started to slow down on the put options I decided to call it quits for the day.

My log indicates that I was executing trades every 90s, an intensity level I have not yet seen.

My adrenaline spiked during the frenzy such that I found myself too fidgety to be coherent. Definitely a good time to step away from the terminal. After some exercise I was able to return to society and focus on other work. . The sell-off bounced off the floor around the mid-point of the day and started to rebound which faded into the close.

"Tactically bearish" is a phrase I heard.

Almost everybody's earnings outlook have for the last two weeks has been sour. I do respect the companies who looked at the incredible volatility in February and said "we cannot forecast continued strong growth." Many of those companies took a hit as their stock price sank, only exacerbated by continued "softening economic growth."

Softening, correction, hedging.

A lot of people are unwilling to state the obvious: optimism has left the room.

Log

• My FOREX sell mark was hit as the Euro regained some strenght and the predictably weakened on tariffs.
• Offloaded the TSLA and SMCI put options that i purchased before close yesterday shortly after the open to start the day off very strong.
• I exited some puts on TSM and NVDA earlier than I should off on a fear that I would get behind on those, so had a small loss because of that.
• The Amazon call I foolishly didn't close yesterday went further south so I had to close it and then fought like hell to find opportunity to take me back to green.
• Volatility is insane today.
• Deciding it's best to call it for the day, since that was a lot of aggressive trading for the first hour of the day.
• I was averaging a trade every 90 seconds. Wowza.