I ignored my rules of entering the trade at the end of the day and I deserved it.
JCP May Put 37.5, entered 2.40
Stopped out at 1.675 in 20 minutes
JCP is not bounced yet, nor is it forming a topping. Why did I entered, because I was just trigger happy.
On a side note, as we see the retail stocks: JCP, AEO, GYMB, PLCE, COST and RL, they are all showing some strength. So I need to be extra careful on buying puts on these stocks.
If there is any conciliation, my GLD and ABX are holding up very well. I guess it is always easier to trade on a large account.
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