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.
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If being short was part
VIX lod. Out of the money call buying exploding to ...
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.