The Market Dropped 1.3%, and the Shorts Still Lost Money

Don here...

Tony Rago was short the S&P futures all morning. The market fell over 1.3%.

He still ended up slightly negative on the session.

The market kept bouncing six to eight handles off each low before resuming lower. Every bounce tagged his stops and then price reversed back down without him.

In today's free session replay, you'll discover:

Why being right on direction can still lose you money. Tony called the short side from the open. The ATR on the ES hit 55. Normal five to seven handle stops got eaten alive by the chop between moves.
The round number magnet that pulled the S&P lower all session. The ES was magnetized to the 6800 level using prior settle data from November. Price spent the entire morning grinding toward it while whipsawing traders.
What Google, Tesla, and Amazon are telling you about this tape. Google beat earnings and got punished. Tesla broke below 400. Tony called it a manufactured dip with nothing giving a reason to buy.
How micro contracts change the math on volatile days. Two micro ES contracts at 50 points of risk equals $200. That same trade on a standard contract is $2,500.

Multiple traders in the chat felt like the market was targeting their stops. Tony shut that down immediately.

No broker is selling your data. Price gravitates to liquidity zones where the herd places orders.

Tony adapted in real time. Wider stops. Smaller position sizes. Patience between entries instead of chasing every tick.

→ Watch Tony explain why volatility forces you to change everything about how you trade and what the tech selloff means for the days ahead

To your success,

Don Kaufman
Chief Market Strategist, TheoTRADE

The headlines are screaming fear.

But by the time most traders see the bounce, the move's already gone.

That's why Gianni's Trinity Terminal Signal matters right now - it flagged AMD +389%, Tesla +155%, and IONQ +74% days before the news caught up.

And you won't believe what it's saying is the spot to be right now.

Tomorrow at 12PM EST, he reveals exactly how it works. Live.

👉CLAIM YOUR SEAT NOW →

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