RE:The shorts have their collective boots...........Of course there are lessons to be learned when this happened. Believe me when I aay that over they years I've had to learn them all, and many of them more than once.
But the upside, if you're smart, is you DO learn. You learn how things work, how YOU work (always your worst enemy in the market), and what the rules of the game are.
As for being wrong, you learn to be wrong quickly, and get out with a nick rather than a extremely severe gash.
Sorry for having to learn on that mistake. It's a tough one. But take heart. I don't think you'll make that mistake again, so already you're in a better position to survive the market.
slipperyslope2 wrote: on the throat of this and they are not going to let up. They don't have too, they have the winning hand right now. Any rally is being snuffed out.
I just got out and took a loss. Unfortunately that's the way it breaks sometimes. But I got out in anticipation of buying back at a lower price. Hope to miss the rest of the downside and catch it on the way back up.