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S&P 500 Futures - Jun 24

CME
Symbol
Exchange
Currency
ESM24CMEUSD
US500DerivedUSD
ESc2CMEUSD
ESc3CMEUSD
Currency in USD
Disclaimer
5,044.50
-3.00(-0.06%)
Delayed Data

S&P 500 Futures Discussions

my losses ballooned from just $90.000 yesterday morning but spy retreated , I didnt take loss, grew to $220,000 by end of yesterday, I didnt take losses, now over $400,000 , sill did not exit\n\n\nI screwed myself was actually ahead on tuesday didnt sell got greedy\n\n\nI was curled in bed in fetal position most of last night into this morning ,  frozen with inability to take the losses\n  \nI am suffocating in agony right now\n\n\ntry to recover my previous $3.3 million losses now has resulted in additional $ 250.000 in more losses on top after briefly being up by $150,000 on tuesday market selloff\n\n\nwhile all the bulls celebrate , I feel alone as the only short here losing  everything he has while everyone else is partying - life isnt fair for some of us that chose the wrong side \n\n\nGod why didnt I exit on tuesday , even yesterday I came close to closing my short for losses, now \nits too late my as well go down with the ship my losses are just too big now\n\n\nI lost the original $3.3 million going long at exact time
 these new driven events out of nowhere ie Hong Kong meeting back to back doesnt happen often  every time I sold too early a 3x happens, every time I hold longer for a change due to missing out it tanks 65% , every time i margin it goes against me, . . . revenge trading has caused me almost all my losses ie sell it becomes a 3x so I try to quickly make what I sold that missed huge profits back vs being happy with just a profit , and I do not phase it go for broke on every trade and fail to take losses early and so stubborn that I will be right that I do not use stop losses and my emotions keeps me from selling losses until its a catastrophe. . . Ive been hit with these event news driven wrong side of the news trade 3 times now while being ahead in my positions and my mental state kept me from selling early and limiting my losses. . . I thought of sellng 3 times on tuesday , 4 times yesterday, once today
 I was a happy person just 3 to 4 months ago with several million in cash , no positions and looking at ocean front homes to buy cash, then just 2 days later when I saw the position I sold go up $1.2 million I got so ticked off I did revenge trading poured all my money in margined  it to max  and was ahead and had 2 weeks to exit with a small profit since it wasnt really working out but then due to my large sized position had trouble getting out and waiting 4 hours to late to get out and then as it dropped further , I didnt sell, and as it got worse and worse I still didnt sell I sat there for days and dsys making up a reason not to sell until I was forced to sell with a $3.3 million loss and now same thing happen on smaller amounts trying to get the big loss back
 i finally make progress on tuesday and despite some people saying wed thur will be bought up and friday  will be sold off I didnt listen as I saw no news ahead boy was I wrong HOng Kong and then the meeting news and all because I was trying to get the larger loss back. . . bottom line is my mental state of trying to get the oriiginal $3.3 million loss back fast forced me to keep my position longer then usual because I decided not to trade as often and dig in to max the profit but these dangerous investments , I should have sold tuesday and things would have been just fine. . . I was certain any rally would be short lived and it would dive as the technicals suggest a big pullback coming. . . I should have focused on the short term and listened to my intuition because I was very nervous holding the position past tuesday. . . just like I was on the $3.3 million loss which if you can believe it a message board post cuased me not to sell and I ended up losing $3.3 million as if fate had that post day before fall
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