He said he dropped 6.6 % of his trading account assuming he would exit on yesterday limit. Obviously he wasn't able to do it. If he exited on today premarket he would drop about 8-9% . In worse case he was liquidated at 114.6. So it is 12-13% loss of trading account. Not big deal for this Big Baller. p.s. What if he played this down move from 114 to 109 on a big size and in profit now.
109.3 proved to be significant. Perhaps this market is now starting to behave itself again. Let's see what happens around 113.1. Could be a sensible place to get short depending on how the market reacts?
Congratulations. That was ballsy. See you exited at market so assume you were only trading small size? Care to give any hints as to what led you to enter the trade given the risk of the market locking limit up again?
Did you enter? Price never quite reached 113.1 and there wasn't much liquidity around 113. What was/is your target? Long entry at 110.5 if there is any evidence of accumulation early in the pit session. Anyone heard from the OP? Was his damage fairly limited? Those big hits can put the shits up you for days.
Blotto, please email me! You keep sending texts which I am unable to reply to because your ET account doesn't accept PM's, plus you mentioned you changed your email address, so this is the only (awkward) way I can contact you...
Well, all the money to be made here HAS been on the shorter time frame. Anyone holding this short long term needs to invest in some life insurance.