as the header says; The market is likely to decline down to yesterday's low starting from right now
Note
its not that i don't have the time to explain; rather a choice I am actively making since this is what my algorithm is predicting in some capacity while also being a relatively cheap hedge for long holdersNote
posted this since there is visibility on my account but also cause it might be someones lucky day idkNote
they're at 8 cents now, mannnnn this is gonna be interestingNote
algorithmically speaking, this is as good as it gets for short holders w/o stops; but time is of the essence. For those who enjoy learning about HFT; this is what you call momentum ignition; made to pop people out of their positions because of fear, while also turning off algorithms that have certain prices that they must reachNote
my exit is just above 592.50Note
for those risk adverse, 597.70 is a safe exitNote
597.86~ at 3:09 is another play for an exitNote
SPY is sitting at 599.95 rn and i'm stressing; but i know this is the feeling that causes ppl to exit and lose outNote
if the SPY doesn't dip below 597.70 by 3:30 then i will be exiting and eating the loss/risk of it actually playing outNote
it is not looking good, moving my exit to sub 587 tooNote
SPY at 599.73 rn, this is not looking possible whatsoever (im holding an it is not promising)Note
im holding and i know the risks associated. i have lost a lot of money this way, do not think holding is ideal, when people start losing hope on a dip, a rally can occurNote
being early is as bad as being too late; 0.03 premiums nowNote
i'd exit out, no hopeNote
SPY reached 599.71, this has to be a loss causeNote
premiums at 0.01, this is deadNote
at best 597.70 at close could make them sellableNote
I am now on the same boat that many other traders here are also on, the SS 'sunk my account' lol
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.