SPY - Taking Some Pain
Augghhhh Taking some pain with my short position, but not the first time I have been here. Going to see where we are closer to close of the day or perhaps tomorrow to see if I should close out.
1) I don't want to be short if this market breakout sticks. That could be really painful and I may just have to blow this out and take my loss.
2) I don't want to close out my short if this is just a knee jerk reaction, short covering or firms having to buy stock to cover short calls.
So I will just be patient here and see how the day plans out.
Updating as I don't want you to think I am hiding over a bad trade. Bad Trades happen, losses happen, I am indifferent to a loss since I stick with my strategy.
AND YES THIS IS REAL MONEY NOT LIKE THOSE FAKE GURUS WHO CAN'T EVEN AFFORD A MARGIN ACCOUNT.
1) I don't want to be short if this market breakout sticks. That could be really painful and I may just have to blow this out and take my loss.
2) I don't want to close out my short if this is just a knee jerk reaction, short covering or firms having to buy stock to cover short calls.
So I will just be patient here and see how the day plans out.
Updating as I don't want you to think I am hiding over a bad trade. Bad Trades happen, losses happen, I am indifferent to a loss since I stick with my strategy.
AND YES THIS IS REAL MONEY NOT LIKE THOSE FAKE GURUS WHO CAN'T EVEN AFFORD A MARGIN ACCOUNT.
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