Yip. Sounds about right.
Only have myself to blame though. Was up almost 1K at the time of the announcement. But didn’t take profit as I’ve been doing the whole month (all three Indices rocketed right into their pivots). Price hung around and then that idiot opened his mouth. And the rest is history.
But I’ll say this (just mentioned it to somebody privately a few minutes ago);
Doing well on a daily basis carries with it a definite sting in the tail. I think I’ve lost money only on three different days (excluding today that is) this last month. I’ve made money every day barring those three days. And there’s the sting right there. You start thinking that you can do no wrong.
The ONLY thing I need to see is how come my beloved ticks never had me go short. The only thing they did at one point was indicate that I should have gotten out earlier (at a smaller loss anyway) but which I chose to ignore of course. Point is: until the markets tanked they were actually indicating to me to stay long. This I need to check.
The above being said: the only early indication that I had that things were going to go pear shaped was the VIX. Now usually I’m constantly clicking between the ticks and the VIX. But tonight for some reason or the other I was fixated on the ticks. By the time I flipped over to the VIX it was already too late (matter of fact it’d already spiked and had started coming down again).
Oh well. Doesn’t matter how I flannel it. A loss is a loss is a loss and that’s all there is to it.
Probably the only thing I did RIGHT today was just close everything out and realize the loss. At least I have learned THAT lesson the hard way before i.e. holding onto a big loss HOPING it’s going to come back to you. Usually: it never does. And things just get worse and worse. Anyways. It is what it is.
So we start again TOMORROW!!!