Is there any general advice on the SPY trade that is currently
open? I do the options trade and am down ~$5,000 right now.
Is the direction to just hold and see if market can continue to
rebound I assume? Just wondering if there is a point where we
have had this bounce back and it's better to bail out if you think
the general market is getting closer to a lower high and then
rolling over again for another leg dow.. The time horizon of
May 15 is the ticking clock in the background. I do realize
there are no crystal balls in this kind of black swan event.
Thanks!
shoot - I thought I sent email out - that original trade closed
out today. I also assumed most of you simply closed it out or
let the options go. I'll resend that.
I will make sure to do that video on the weekend regrading the
changes to the Trend/Pullback that I discussed early this week
which will be used going forward.
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Is there any general advice
Posted by blayden on 27th of Mar 2020 at 03:49 pm
Is there any general advice on the SPY trade that is currently open? I do the options trade and am down ~$5,000 right now. Is the direction to just hold and see if market can continue to rebound I assume? Just wondering if there is a point where we have had this bounce back and it's better to bail out if you think the general market is getting closer to a lower high and then rolling over again for another leg dow.. The time horizon of May 15 is the ticking clock in the background. I do realize there are no crystal balls in this kind of black swan event. Thanks!
shoot - I thought I
Posted by matt on 27th of Mar 2020 at 04:01 pm
shoot - I thought I sent email out - that original trade closed out today. I also assumed most of you simply closed it out or let the options go. I'll resend that.
I will make sure to do that video on the weekend regrading the changes to the Trend/Pullback that I discussed early this week which will be used going forward.