Damn that was timely hedge...I hate this kind of situation

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bmtrading9 

Got in again at 2047.75 planning to add at 2036 maybe tomorrow. Edit: Selling resumes it seems wrong entry...

Don't worry mate I got steam rolled twice too lol. I just walked away after that, live to fight another day

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SPX 1980 is kind of clear support but is 2012 a CLVN support?

Freaking I am so pissed of now, I put a limit order to buy back my ESZ5 short at 2002 then canceled now it is 2012.

bmtrading9 

Freaking I am so pissed of now, I put a limit order to buy back my ESZ5 short at 2002 then canceled now it is 2012.

Closed ESZ5 at 1997 and market puked again

Not a good day, I did lot of trades tried to improve average on my ES longs, Into the just close just before plunge I hedged my 2 ES Longs with Dec ES Short...

My average for ES Long is 2003 and My ESZ5 entry was at 1975...I need prayers but that's not the best way to trade, I know...

bmtrading9 

Not a good day, I did lot of trades tried to improve average on my ES longs, Into the just close just before plunge I hedged my 2 ES Longs with Dec ES Short... My average for ES Long is 2003 (down from 2044 but swallowed losses) and My ESZ5 short entry (Overnight hedge) is at 1975...I need prayers but that's not the best way to trade, I know...

I still have my oil long i.e QM but closed DUST and VXX (Short - opened to day) for $280 profit...I was scalping longs and short on ES for few handles that's I got my average down...Hindsight, Once break of that range at 2044 and 2036, I should have forgot trading ES or should have got out when damage was less but last 4 or 5 years dip buying always won big time and changed my mind drastically...

Edit: Scalping gave me 13 handles (but too much of stress), Dust $240, VXX $48 and yesterday's ESZ5 short gave 2032 - 1997 = 35 handles...this is freaking nuts what happened to my following trend from now on...

Why do you hedge? If it's wrong just shut it down. Hedging with a contract further out only means you're paying two sets of brokerages and now you got 2 headaches instead of 1. You only have a clear mind to be objective if you are flat, by adding another one you are just making it worse for yourself.

Learn to love the loss, it's just paying for the chance to test your hypothesis about the market - an expense.

You are right mate got to get out of this habit...I am playing kind of swing so these hedges helping little but pain is alot than help

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This is becoming a freaking unbelievable scary scenario...Was able to pull out 63 handles from shorting overnight from ESZ5...got panicked and short ESZ5 at 1915

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