God I would give anything to be able to cover UVXY short at Friday's close, so good point about the gaps. I need miracle overnight statement or that's it for me...
I need a literal miracle.
Excellent, I'm glad my complete misery is providing you some entertainment. At least it's good for something.
Remarkable. I just didn't think there was any way UVXY would hit 55, now it looks like it'll happen after being 37 during the previous trading day. Amazing. Yeah, I had too much leverage, now I've learned, but it's simply too late. Too late for me unless we get a miracle announcement by the morning.
Depends on how you look at it... it appears I will have lost my entire account, so in that sense the pain is over because I can't trade anymore. I got 3 months emergency fund left, so the pressure to act is acute. Must find something.
Good advice. Going to be a sleepless night for me this time. If they open it above 55 it won't matter I won't have a chance to do anything anyway... guess the time to take what was already a big loss was Friday.
Really? Doesn't it seem a little late to get in VIX calls? I mean the bad stuff already happened.
Well the lesson is a painful one, in that if UVXY even touches 55 I am wiped out completely. Didn't seem too likely Thursday morning when it was under 37, now I really need something to happen in the next 14 hours or so and it's going to have to be spectacular.
That's it. Just a matter of prayer, I knew the market would crash eventually but I got caught unhedged UVXY short near the lows. Pavlovian conditioning, Fed and ECB had suppressed them for so long that I didn't see this coming.