When was the last time you saw a major financial institution issue a short call after the market was down more than 10%?
So it filled the gap and immediately V's to stay green. LMAO, this market is just playing everyone here. I spotted the the resistance it went into this morning. Problem is the VIX is still collapsing and the V force is everything to this market. So there was a window to short this morning because the weekly gaps NEVER survive, but now we are cleared to take off again.
Hello S2007S, I have been in your shoes MANY of times, I know the pain your are feeling now. I use to remove my stop loss like you, cause I did not want to take a loss. Like I told my one trader friend, who is stuck like you holding SPY puts, just exit for the loss. He sold that daily candle as well and he is losing sleep everyday. You have to use Stop Loss when you enter a trade. I am very sorry for your loss @S2007S It is best to exit your trade short for a loss and protect your Captial. https://www.elitetrader.com/et/thre...-you-the-real-deal.384093/page-2#post-6119343
You posted that at the exact low of the day. NDX rallied 300 pts after. Bullish or bearish you are nearly always wrong..
Maybe it would be different if your track record was any better or if you kept your promises. You don't deserve any credit.