@S2007S no one really cares about your post you have made 26,000 post and only 3,000 have ever been liked. you have one of the lowest post to like ratios of anyone on elite trader forum. embarrassing... i am actually embarrassed for you as a human - i hope you can find a real life... btw maybe "op" is Chinese and the family has an import business - explains much.
Hello MarkBrown, @S2007S got stuck last week on the Short on April 8th like alot of short sellers who thought the market was going down the ground. @S2007S is losing tons of money right now. He needs help shorting. Sorry @S2007S, this not like the 80s and 90s CME pit where floor traders would help each other if they are stuck with the pants down and bail them out. You are stuck, take your loss like a man, and get out. There is nothing you can do about it. Maybe you can take a short term high interest loan to sell more contracts to get you out of the bad trade. I am really sorry for your loss. I assume you are stuck holding alot of ES contracts or some SPY Puts. Take an equity out on your house to sell and hope the market lets you out. @S2007S I am sorry for your loss.
I don't own any spy puts....I do own a few short ES contracts but the micro ones. I also sold naked calls on UVIX which I placed for the bounces we have had along the way...im down on those naked calls but not by much. Im always short one way or the other, I do own longs as well in a retirement fund so I do catch the upside on days like today
My 2 cents and could be totally wrong. A yyuuuuge gapdown is coming this week, it will be your chance to get out of your short position with minimal damage.
That's not a realistic actionable tactical strategical dissection long term gameplan. That's just gambling waiting praying hoping on your foggy cloudy crystal balls The marketplace is no place for Happy Days...it's a place for realistic days and wisdom days. Remember essentially 98% of traders fail. So 98% of people are full of shit
From his earlier posts, I gather that he's going to hold his position whether I tell him to or not. Sure they do
That's just one trade incident . Anything can get lucky and escape death and harm temporarily. You must have the ability wisdom process understanding to do that over and over and over and over again to get rich from the marketplace and have your Happy Days, not just a singular happy day...and this is the very elusive rare part fart art