You know, your whole act is a continuous circus of ranting and raving based on whatever gossip you hear that meets your agenda. Myself and many analysts have steadily been predicting a 0.25% raise in US interest rates early this fall. This message hasn't changed since late last year. We aren't even there yet, and you are ranting about revisions.
Rookie fucking move on my part, moved my stopout inside the last couple days range and bottom ticked the stopout on the SPXS stopped out at 17.36, never move your stopout inside of previous ranges before you move to a new one. Market is headed down now "Guaranteed" (as Rickshawman would say) market never fails to punish stupidity, this will end up costing me a couple grand probably.
I dont like getting in on the inside of ranges, I was in from the outside of the range, and allowed myself to get stopped out on the inside, very dumb move, id rebuy 17.36 but no way market goes there now, just watch, every time i do this the market feels the need to teach me a lesson, Sandp will probably close down 20 points today, LOL.
I sympathize and feel the same often. Just saying you always have a choice. If you feel it will definately go down, go ahead and short.
I find The biggest thing about quality trading is putting yourself in positions where the R:R is on your side when you place a bet, because the truth is no one knows where the market is going. I was in SPXS from 17.31 with a stop at 17.24, only risking 7 ticks if we set new highs, to make 50-80 pretty easily if it goes in my favour, excellent risk reward, If i buy back in at 17.50, then if im wrong its 27 ticks im losing now, and if im right only 30-60, risk reward not skewed enough in my favour if i jump back in here. If you constantly put yourself in positions where R:R is 5-1 or better you got to be a really terrible trader to lose money. You only need to bat 20% to breakeven like that. I mean you got to be constantly stepping in front of Bulldozers to lose money like that.