This post has nothing actionable. There’s nothing you can do about it. Or me, for that matter. It’s just me complaining. But maybe there’s a lesson in here.
One of my short positions was (note the past tense) Macerich, (NYSE:MAC). I was puzzled this morning to see I was stopped out, because on my spreadsheet, it showed a nice, healthy profit. But I had a sneaking suspicion what I was going to find out. And, sure enough, here’s the intraday chart:
See that circle? Yep, that’s me getting stopped out. And then, instantly, plunge-a-roony.
This happens every few months, and it pisses the hell out of me every single time. I’m not going to trade without stops. And I’m not going to re-establish dozens of stops every single morning after the open. But, man, I hate it when this happens and I’ve never understood why. Because MAC was, and is, a good short, and I’m out of it with a loss.
