Trader Brian Jones on Twitter: "Here is the most critical part. When you have to interpret the system to decide on your next move. You either. 1) Went to cash and you either stay there or try for a bounce with a quick stop loss. 2) Cover your short and take profits on the big drop. 3) Keep your short longer." / Twitter

Here is the most critical part. When you have to interpret the system to decide on your next move. You either. 1) Went to cash and you either stay there or try for a bounce with a quick stop loss. 2) Cover your short and take profits on the big drop. 3) Keep your short longer.

Quote Tweet

Trader Brian Jones

@MasterBJones

Apr 22

the system said that you should have been in cash or short since the S7P broke below the 50 sma. But now I interpret it as too late now to still be short. I don't think we will get a crash so I took a chance that the market is short term oversold.

4:29 PM · Apr 23, 2022Twitter Web App

Replying to

I covered most. Kept some. Will reload VIX if we get a bounce.

Replying to

Bounce with %1 SL

Replying to

I think the shorts cover and trigger the buy algo to burn everyone who piled on with puts and shorts Friday afternoon. But it won’t be a gap up. That’s too obvious. Dip and rip to trap the last late arrivals at open. I could be totally wrong but it seems like something they’d do.

Conversation