I've lost count how many times I've been short and stopped out B/E or B/ + 1 tick today, but finally something that seems like it's going to stick, now. I think we'll see a run below 4K, not sure how deep. Market's down almost 3 % now, so we may be a bit overdone.
Trading this year has been all about, just when you think it can't go any lower it does, just when you think it can't go any higher it does as well. Don't fight it.
Covered on a trailing stop at 4004. + 14. PA looks really weak, though. I don't think this is it, but better not be too greedy and give it all back when the market went down this much already.
I traded like a chump today. Short pretty much all day long, but constantly getting stopped out either B/E or for small/medium losses. If I just held my initial morning short it would have been a nice day, but I suppose I lacked the conviction with these strong counter moves.
First losing day in a while: In the past, my desire to avoid losing days have made me lose even more. I avoided doubling down today as the volatility was a tad too much, so that's progress in the discipline department. I'm taking a breather here and letting the big players fight this one out. Maybe I'll take another trade near the close if the dust should settle and the PA is a bit clearer. Shorting this right here is risky, IMO, although it does look weak. 3 % down / 4K buyers trying to put in a bottom here.