Nothing really that I could do. I saw the stock reversing back into the selling price later in the day with the rest of the markets, but buyers were not there.
I also tried a long AAPL that I closed at break even when market moved down... and yes, AAPL finished higher with the rest of the market.
The Portfolio is down 2% in February. When I lose money, I tend to "do less" instead of trying to "do more." Hence, I will open new positions, but only 1/2 positions and not sure that I will trade this week.
I sent the following email yesterday, when we had the BABA short alert signal:
Very difficult to find a trading stance in this market.
Intraday moves are well beyond normal stops and hence, it is impossible to hold a position.
For example, we just had a short BABA signal. But BABA plunged 9% today before bouncing back the whole plunge. We are in the short zone now, but the reversal is obvious, which renders shorting the stock extremely hazardous.
Oil also gained 8%, while the US$ lost 1%. So really, this is not a normal market where you can build positions.
I will stay in cash until I am confident that I can find a move that has more than a few hours of lasting power.
The trade ideas for today are below: