Today is one of my worst trading days this year. All my big gains from the last 1-2 weeks are up in smoke. My shorts are up huge while my longs are only up modestly. I am doing what I always do on big loser days. I just keep trading and looking for opportunities. Today is a little frustrating because I don’t see tons of long or short opportunities. Often when you get big movements in the market, a lot of opportunities present themselves. From my view, this has not happened today.
- Added NFLX short at average price of about $40.
- Stopped out of AZO short (still in AAP and ORLY)
- Stopped out of VXX long at about $77.50
- I wanted more long exposure so I jumped the gun and added a small position in MYRG at $17.7. Still think it has a good chance of going back to $17 where I will pickup the rest of my long position.
UPDATE:
ORLY AND AAP are right near my stops. I have added to my short position. Will either add to the loss or will be a big win if I catch it right here at the high.