well, i just saw a ridiculously low ask, and i didn't cover because it was so low my jaw dropped. i just sat there staring at it figuring the world was ending or something. i just passed up a free $5000. man that sucks bad. deer in headlights . that sucks
2nd day in a row WHACK ATTACK after the close somhow I dont get the sense there will be a recovery like today....tomorrow:eek: just in case anyone got in on that BAC fleecing of the institutional buyer, you can thank me for guiding him up to the buck
thanks for your commisseration surf, in a small way, that really helps. i think it sucks too serves me right for holding out on the possibility of armageddon like dr evil or something. i completely got what i deserved.
you are still in the money aren't you? good luck on your position ... a question ... why not cover a portion of it and place scale down orders overnight ? futures are lower than a few hours ago
yes, it's still a nice trade and thanks, hopefully tomorrow will be a nice slide, stoploss free. in retrospect, i should have at least covered part at that crazy ask before it completely evaporated back to normal levels. for all the time i sit around after hours waiting for something like that to happen, i can't believe it did while i happened to be sitting there holding a 1.5 normal size position, and i just froze. lol! thanks guys ... didnt mean to turn this into vanilla's shitty after hours slip-up thread, but i really appreciate the comfort. i guess the lesson is don't hesitate to cover when you see an ask that jumps a normal full day's range in two seconds.... cuz someone else is gonna hit it. damn damn damn peace, good trading
I was short QQQ overnight and decided to cover 1/2 my position size after hours when I saw the Naz futures drop to 1354, based on support of the 50-day MA. I figured it was a gift to make 65 cents profit on the Qs after-hours, so I wanted to lock in some gains. However, it could slide lower in the morning, so I kept half the position open. It's a very simple strategy, but I often like to close partial position size and keep the rest open in situations like this.