Not chasing this, that would be insane. No new short positions either, will let the puts expire worthless. Gotta trust the chart formations and targets, nevermind the fundamentals. ES1 hit both and targets without skipping a beat. Lesson learned the hard way on this one.
Lol make that $2k loss for the week now.
Still short UAA, GM, and XRT. Doesn't really look like they're going anywhere anyways.
Not doin it anymore, ROFLMAO. Fortunately I closed 100 shorts for risk-off and left just 20 open, and kept a few longs on hedge, so the net debit was about $400 I gave away to happy fools to close at open.
I do not understand how the weak response Wednesday led to such extreme bullishness Thursday. Clearly I just do not grasp the basic tenets of stock speculation. Not closing the account yet but I took out 75% of capital back to the bank, where it can sit and collect 0.025% until I spend it on something useful. GL HH!
I'm actually not as hosed as I thought I'd be, GM and UAA went negative already and XRT is about to...
I tthink it's al about chart reads up here in no man's land. Not some arbitrary numbers or gut feel. I would have laughed at anyone who told me we'd set a new ATH with teh rates inverted.