That's what I realized little later in the process. ETFs do a pretty good job in shielding you from these highly volatile jumps in one stock. Although I'm into high probability spreads, I've never lost money on SPY.
All it takes is a binary event to blow through all of your support and resistance levels. Can never be so sure!
It's true. I have a question for you ; In the long run, which event has higher chances of happening, - more often ? A) me , being right, about price direction, when entering position, between support and res levels. B) Binary event, breaking them, even those two are so obvious and significant... Yet stocks are like, people. Some very calm and some just crazy,. Then why to deal , with the crazy ones ( gaps ) ...Word crazy, has nothing to do, with term - low risk.
@rabbitsfoot, it's your lucky day ... You are welcome! https://www.smbtraining.com/blog/ti..._contact_key=f26576998eafa68ff262a309b41dab56