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What do you all think of this plan? I will transfer more money into the Schwab account to avoid margin call... But I won't buy anything with it. This will give me time to wait for oil to rise again. Although if it gets TOO low, then there's nothing I can do. But this additional cash will...

I didn't really do it intentionally. I wasn't paying attention to the time. I wouldn't have purposefully held it over the weekend.

I've come to the conclusion that predictions are impossible. This is why I want to start using my S&P statistical analysis method. If I lose all the money I set aside to trade, then that won't happen for a while.

I'm risking $49k loss

What do you think will happen after the meeting?

We'll see. Every $0.95 it drops below 33.99 is another margin call.

I agree it will go up long-term, but I have margin calls to worry about.

I don't know. I had planned on selling if it opened where I would only lose $10k or less. Everything I read online says it's going down.

Even if I lose my entire ~$49k, I'll make more than twice that by building and selling one spec house. Assuming the housing market doesn't collapse. It's not the end of the world, but it definitely sucks and was extremely foolish. I didn't realize it was nearing the end of the trading week. I...

Bought them

Actually I just realized a major flaw in my mathematics. Tomorrow I have to see if I can figure out how to get Excel to do these calculations. It's way too much data to do manually.

By scaling... Don't you lose out on gains just as much as you're hedging losses?

I just hope it's not as bad as it could be.

The question is... Did they already crash? Nobody can know for certain.

I'm putting some finishing touches on my S&P strategy. It's looking like... TP = 0.8% SL = 10% This is 10x leveraged so you will win 8% of trade value, and lose 100% on losses. You don't reinvest winnings.

And it's scary that a 3 down gap is a very possible reality. I don't know what I would do honestly.

This has potential to be more than just a small loss.

I know. And I had been doing so well with my statistically analyzed Micro emini strategy. I hope I can sell this CLV20 for slight loss and move on.

That's why I'm loaded up with 500 shares of 3x Barbershop ETF!!!

Bye.