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No sure if you guys had this experience. I longed SSO wed afternoon around 47.4, probably many of you guys did the same. Happliy went to bed knowing ES was up at the time and Asia markets are not weak. Right at the open, my Initial Hunch is , "shit, today is going to bad, it can be much much lower."
I had 15 mins to dump the crap above 46.9, but my human nature kicked in, I decided to wait, maybe, just maybe I can get much better price.................
Thanks to Cobra, I dumped the sso at 46.10 when spx broke yesterday's low. Feel good I made the right decision but still, in days like this, I should follow my initial hunch, shoot first and ask question later without hesitation. And, at least I should put a hard stop, maybe around 46.8.
Just want to share my experience and thoughts. Even more, I wish one day I can even short with confidence when the low was broken.
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