I just took two small long positions today at current lows.
100 shares of X at $53.46.
100 shares of K at $55.38.
These are small positions with tight stops. I am not risking more than $600 on these trades. The idea is take a small, *expected* loss, with the possibility of a big gain if the market bounces. I don’t care about win rate, just the potential for a bounce off unheard of oversold conditions.
*I do not recommend taking these trades unless one has no problem taking a loss*