Previously bought 1 put yesterday, added to position by buying 4 puts today. Stop is premium. Yesterday put target is now break even and 2 puts target are double and then final 2 puts have no target in case we get some real bad news before expiration. I had 1 overnight future that I killed at a loss.
Only good news is that my long position in SNT has went from negative $ 1,400 to positive $ 400 today. Averaged down 5,000 shares previously, and now have total 15,000 shares looking for it to go much higher. Also all the naked puts I sold in other stocks are looking to expire worthless.
when market is going up....buy
when market is going down....sell
when market is going sideways buy and sell or rest as the market is doing
guessing about "wot next" is of no concern to the trader who has "arrived".....he /she only looks at chart and looks for signal...ultimate is one signal only.....at best locations on chart..there are only 3 or 4 pictures all day everyday......same patterns, point production varies......take what it offers you or watch.