Due to my work schedule, I can usually only place a daily trade around market open or close. So, I started trying to swing trade via shorting SSO (double SPY) at the close on March 12. If you look back, we had just finished 4 consecutive up days, had met upper resistance at 741, were "overbought", and everybody here was talking about an inevitable pullback at that time since the S&P500 was at resistance while support was at much lower levels. Since then, we have continued to move up, and now the original resistance is the new support level, and I am sitting on a big loss. I know it's easy in hindsight to say I should have stopped out, but I also read a lot of encouragement to stay strong on these shorts since most wave counts showed we would inevitably fall to the support level (which has now risen just above my original shorting price) or even lower. At this point, I sense a shift in sentiment and expect we will break out higher, so I probably need to eat my shorts and take a big loss. I see a lot of you making money on these short trades, but I can only attempt to swing around the major resistance levels, and even that is not working for me. Very frustrating.