The best way to keep losses small is to
keep the positions small in the first place.
Market dumped yesterday and is extended bear today. Needed to give shorts a chance to expel buyers first.
AAPL was a random pick that I went to bc liquidity, but was an unnecessary trade/loss.
USO I still like the setup, but I didn't get target on the market buying and then it dumped with market continuation down.
NFLX first try I managed tight/scared bc I was red and spreads are big, but the setup was tremendous for a short if the market would continue down. Second try with market selling. I managed it more confidently, entering arguably late and giving it room for the initial bump.
For the NFLX exit: "real life" was in play - a plumber was at the house and needed my attention so I set a bracket and walked away. It would have gone to my more aggressive target, but I couldn't count on that. With my back turned, I just wanted to get a decent profit target.
Stellar week!!
