I took a huge beating today to the tune of a $700 loss on one move. I was betting against DRYS going up. Well it kept going up and up and up and up. Breaking resistance point after resistance point. I had initially setup a stop loss at $8.45 and decided I was going to average up my short position until I can at least get out scott free. Well that ended up being a huge mistake. I was short DRYS to the tune of $20K and it just wouldn’t let go. I finally gave up and started incrementally exiting my position. At the end of it I was down about $700. Effectively erasing all my gains for the week and setting me back some. I even transferred more funds from my bank account to maintain equity. Afterwards on an emotional pull I started trying to get the money back on other moves and would make modest gains but suffer even more losses. I ended up taking a breather and decided to chill out. A dark day indeed. Quite a learning lesson. Respect the stops.