IF 1250 HOLDS AS RESISTANCE YOU MAY HAVE A SHOT AT YOUR 1200. iF 1250 BECOMES SUPPORT WE MAY GO TO 1340'S
Looks like it's not a real trade...in other words it's not exciting or fun because there's nothing on the table
well, based on his 1222.75 average price it could stall at 1250 and he'd be down $91k. Perhaps that wouldn't represent a sizeable % of his capital, but for most of us it would. I think it's pretty clear the ONLY thing to do here is get out asap.
saxon22 I'll give you this advice for free speaking as someone who trades at a smaller size than you. If you can look your wife and kids in the eye and comfortably explain afterwards how you lost $91k, then no problem. Otherwise take the loss now and learn to do it quicker next time. I hope you make the right decision.