So as predicted, DOW was down big today (300 points). Along with the DOW, down came BIDU. BIDU fell by $25 today and i closed out my put position 2 mins before close for a 38% profit (in 1 day). I still feel BIDU could go much lower, but since i had such a nice profit in it i wanted to lock it in. For all you know, the DOW could rally 500 points tommorow and i would have given up all my gains.
Remember: We are in the middle of the bear market. Trade small sizes and lock in your profits quickly cause they could be taken away from you just as fast as you got them.
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