$SPY You've got to be flexible to succeed at trading! I was bullish last night and ended up selling my $SPY calls for a loss at 294.20. Fortunately, I was able to offset most of that loss by covering my TVIX short at 157. However, had I been stubborn and ignored what was developing on the charts, I'd still be holding... even as the market begins slipping down further. Thankfully, 25 years of trading experience has taught me that I'm here to be RICH, not to be RIGHT.