If being short was part of a plan, then its fine. I was also
short today but its part of one of my swing trading short term
strategies and the PFs are good so I am not worried about
today.
Its being short on an uncontrolled basis which I would think is
rough. And I, just like most others have been in that boat (long
time ago). Key is to have a plan, Risk & Money Management and
strategies that work. Then I personally blank everything else out
as I trust the strategies
Posted by icecoldjones on 18th of Jul 2023 at 06:22 pm
Thanks for the advice, you and Matt! I think need to get out of
this very heavy short position at hopefully not much of a loss and
then stop trading on feelings and stick to a new plan. If I sell
now then I know that it'll quickly reverse, that's just it goes for
me but I'm working on that.
Icecoldjones - please take time to write down the reason you
went short and the exit strategy - honestly I see no reason to be
short over the past few weeks other than a scalp or hedge at times.
Please take time to review the SPY Daily chart from the
Weekend Newsletter on July 9th and the comments.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The bad part for me
VIX lod. Out of the money call buying exploding to ...
Posted by icecoldjones on 18th of Jul 2023 at 05:54 pm
The bad part for me is two-fold because I missed this YUGE rally and I was short at the same time
If being short was part
Posted by vimal on 18th of Jul 2023 at 05:58 pm
If being short was part of a plan, then its fine. I was also short today but its part of one of my swing trading short term strategies and the PFs are good so I am not worried about today.
Its being short on an uncontrolled basis which I would think is rough. And I, just like most others have been in that boat (long time ago). Key is to have a plan, Risk & Money Management and strategies that work. Then I personally blank everything else out as I trust the strategies
That's my pennies worth so hope it helps!
Thanks for the advice, you
Posted by icecoldjones on 18th of Jul 2023 at 06:22 pm
Thanks for the advice, you and Matt! I think need to get out of this very heavy short position at hopefully not much of a loss and then stop trading on feelings and stick to a new plan. If I sell now then I know that it'll quickly reverse, that's just it goes for me but I'm working on that.
Icecoldjones - please take time
Posted by steve on 18th of Jul 2023 at 07:11 pm
Icecoldjones - please take time to write down the reason you went short and the exit strategy - honestly I see no reason to be short over the past few weeks other than a scalp or hedge at times. Please take time to review the SPY Daily chart from the Weekend Newsletter on July 9th and the comments.