Posts Tagged ‘S&P 500’

…and I am in the FTSE. 19:56 the Dow reached a new low 7150 and the FTSE was already 1.7% down so I thought to limit my risk and opened a long position on the FTSE. I was sure that the Dow will bounce back. But it didn’t. In fact it went down. Through all the day I was looking for the bottom. And each time it went more down. I even ordered to buy it at 7199 and canceled it because I had a bad feeling.

So what do you do with a trade that went against you? I left it open. After all I am only 15 points down, but at some point I was 33. But it is not promising. The S&P 500 broke the 750 support and the down lost 1200 points in less then 2 weeks. But markets don’t go down in straight line and I am sure I will be again in the money, but it is a risky business.

I am going to sleep not happy with my position which is not good…