Obviously had to scale out on my longs. Not real happy with it, but this is the nature of the market. Losses come, winners come. I still have serveral long positions open with plenty of margin in waiting for the turn back north. Admittedly I have taken some losses, but this will be temporary...
The positions I scaled out were just added back at the lower prices. For me, I know that I cannot look at my balance and equity as money in order to stay psychologically unaffected. Just numbers that go up and sometimes go down. For me......
The positions I scaled out were just added back at the lower prices. For me, I know that I cannot look at my balance and equity as money in order to stay psychologically unaffected. Just numbers that go up and sometimes go down. For me......