I'll take it on the chin and make sure I make the proper moves to avoid the next punch if that's the setup were presented with next week. There is no value going long here for me and I may miss some trades if we move higher.
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I had over a half million dollar swing in my profit and loss last week falling for a trap. I covered a large portion of my shorts on Tuesday and added a good portion back below 2800 thinking we might have a crash drop. There were no sellers and I got stuck in a bear trap.
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I am not upset and this happens to every trader at every level of the game. The only thing that matters is that your never exposed enough to be wiped out when your wrong. I lost a lot of profit but I knew the risk and understood I could get screwed. And I did.
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Never forget how fast things can change and that we are in a bear market.
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