Quote from dmartin:
Apex: The market on August 6th went down to around 1432 then up to 1510. Did you hold your short positions all that time?
DMartin
Yes, I held the position as planned. I even added some at times. I have 8 futures accounts. Some for automated systems, swing, position and intraday scalp.
It was one of the hardest trades to hold with that large rally but I just stuck to my plan and placed my stop at breakeven. It also helped to be on vacation most of the time. I knew there was going to be rallies against me... we are in a bull market but I had conviction that we would get down to 1425 before the odds shift to the upside of moving higher. People who have been on this forum for awhile have seen me anticipating this decline since the end of february and was getting excited when new all time highs happened in the spx. My trading plan and experience kept me in the trade.
