I cut loss and toke back my loss. I should listen to your voice. but I am a diehard, I am buying now at 83
yes, I am too stubborn, I am afraid I shorted it at the bottom, that is why I keep playing buy. when look back, if I shorted it at 85.2 when I woke up and hold to here, sigh, ....that is why I am a newbie, the good part is I did not lose anything, gained a liitle bit. I know I must correct this problem, otherwise I will be caught by this kind of abnormal movement! I am stilling buying. I will hold on a while. extremme move always has some dead cat bounce
I am trying to go short at 84.00, i think it will touch 84.00 soon, after that it will test to break 83.00 again. Just my opinion.
it is kind of very odd, when the indicators said to me it is dropping hard, while I was buying? first I was very cautious, and ignored what I should monitor, defensive reaction? the human brain seems it does too much self protection: "wee wee, careful, careful,..." actually it hurts me, while not tells me "go with the trend or what the market is doing is safe", just did not get it. every time the market moves abnormally, I did not catch it and play counter-trend (very dangerous, but my mind seems to tell me it is safe? jesus christ!
Today's range for CL is 82.86 - 86.24. That's a range of $3.38. Did you catch at least 5%? If the failure rate of traders blowing up stands at 95% (meaning the other 5% captures 95%), then you must at least capture 5% of the range in order to become sustainable in the long run. Hence ya need to work on making more than these 10-tick gains. mrbochin23 made an excellent comment. On a day like today, it's better to give up any potential rally for a substantially BIGGER selloff. You get my drift? (Let's just say that this is how the game is played. This is how the badass idiots at Goldman Sachs and other big institutions play the game. They initially start buying in order to suck the sheeps in, only to dump on them en masse.) Learn to be patient.