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.

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.

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.

@BluedeerC Salute to you for sharing your losses. A lot of traders on here never talk about the losses, only profit.

@BluedeerC Appreciate the tweet regardless

@BluedeerC Really appreciate these posts and your candor! It's been helping me find some interesting/promising positions while staying safe in this wild market at the same time.

@BluedeerC Thanks for sharing. It’s a valuable lesson for all of us.

@BluedeerC I can't understand the Thursday bounce back apart from OPEX on Fri

@BluedeerC I appreciate a lot your posts and I learn from any of your tweets. May I ask you why do you define it already a Bear Market?

@BluedeerC Hanging in there! All the best respect and support to you!

@BluedeerC Thx for the honesty. Many people don’t dare admit their defeats