Gotta love ZERO RISK in the SP500 = $$$

Got stopped out oF IWM puts at 60 cents. They didn't go down much farther than that. They later closed the day trading in the 1.90s. Missed out on tripling my account because I was an idiot. THIRD TIME that's happened within the past week. The absolute worst was when I took a $100 profit on UVXY puts like an idiot, but if I kept it throughout the day I would've had a 100% day (the puts only increased in value constantly throughout the day so there wasn't even a psychological risk...).

Also: Probably no rally tomorrow morning. Maybe a small lift (within 0.1 - 0.35%) but probably a mixed day tomorrow overall. If an outright rally happens it'd surprise me a bit, in any case.
 
RC. said:
Got stopped out oF IWM puts at 60 cents. They didn't go down much farther than that. They later closed the day trading in the 1.90s. Missed out on tripling my account because I was an idiot. THIRD TIME that's happened within the past week. The absolute worst was when I took a $100 profit on UVXY puts like an idiot, but if I kept it throughout the day I would've had a 100% day (the puts only increased in value constantly throughout the day so there wasn't even a psychological risk...).

Also: Probably no rally tomorrow morning. Maybe a small lift (within 0.1 - 0.35%) but probably a mixed day tomorrow overall. If an outright rally happens it'd surprise me a bit, in any case.
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Plan the trade, and trade the plan, otherwise, all the trades that will continue giving profits will make you feel like an idiot, be objective by planning your expectations before you take the trades, then whatever happens after you close the trade, its not your concern.
 
TGT another retailer falling hard today....retail just keeps getting slammed. They are saying this is just as it was in 2009 when retailers were completely falling apart.
 
i960 said:
Think ES will be heading back up to 2080 land before anything substantial happens.
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I'm patiently waiting for a break below 2020-2025 and eventually 2000.....then will be patiently waiting again for a drop to early 2016 lows and a 16 handle on the s$p...ouch....but today when fed minutes are released there should be no worries as we always know the fed bows to wallstreet so fed minutes should be dovish and the markets will probably erase all of yesterday's losses by the close...but I'll be waiting for new lows on the S$P soon :D:D:D:D:D:D:D
 
S2007S said:
I'm patiently waiting for a break below 2020-2025 and eventually 2000.....then will be patiently waiting again for a drop to early 2016 lows and a 16 handle on the s$p...ouch....but today when fed minutes are released there should be no worries as we always know the fed bows to wallstreet so fed minutes should be dovish and the markets will probably erase all of yesterday's losses by the close...but I'll be waiting for new lows on the S$P soon :D:D:D:D:D:D:D
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When will we know where to short?
 
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