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And now we are getting quite the rebound. I seep AAPL and Goog have already recovered.
If that final spike didn't happen I would still have my positions open. I know because I have a single Nov ES IronCondor which didn't get stopped out because Bids disappeared. So I am a bit mad at that, then again, there was no way to be sure of a rebound. It could have kept going.
Can you help answer these questions from other members on NexusFi?
Yes, each situation is different. I was prepared to lose 25% of my account. Last October I took a wait and see approach. I was able to salvage those positions. Will update later, positions still on:
Volatility is good for the market and trading.
Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
I just came across this thread and was hoping you wouldnt mind if I dropped a line and picked your brain a little as I try to rebuild. I'm done with futures for now and have closed my account with decarley...moved back to OX. I put on a trade this evening that is more long term as I formulate a new strategy with paper money.
Sold 20 puts of apple at 98.
I think it's a steal at that price and have no problems getting assigned if I do..he'll I kind of want to. Are you ok with me posting on here also?
Yup...it's the remaining balance of my trading account. I decided to doing anything active right now is probably a silly idea given my overall emotional state. So we ended up going bargain hunting for a company that I have actually wanted to buy into for a long time.
My plan is to buy and hold and paper trade for now.
You sure you want to dump the remainder if your account into 1 stock, if you get stuck with the stock and the market doesn't recover for a while you could potentially be inactive for a long time.
Also were you the one who just started selling options recently and got blown up from the recent vol? If 200k is what remains, I feel sorry for what got blown... you need to manage risk... Hope you're ok mate.