@TheOneLanceB Wanted to see a huge vix spike, along with a significant gap down followed by an equally strong morning reversal similar to august 8th. If vix stays elevated above 20, then this might just be a pause before the selling resumes. Also, it’s only been 1 week of selling.
Tuesday I was close to blowing my account with only $170 left.
On Weds I bought an UPST call in the morning for $100. Lost 50% in value before FOMC.
Held and now I’m back in the game.
Accept the risk and stay optimistic.
If bears are in losing positions, and they want to close their positions for tax loss harvesting.
Does that mean the market will have a violent run up as bears cover their shorts? 🤔
More fuel for the Santa rally⛽️🔥🔥🎅