Say whaaat?

Took a quick nap, got up a minute ago and saw something missing from my account: my VXX position. Apparently, in the final few minutes of the session, I got stopped out at 28.91. I'd forgotten I put that in as a safety gap, but I didn't see the price dip down that low. It stayed above 29, from what I saw.

Sneaky bastards reached down and took my shares, then closed it back up at 29.23. Fooorck! I rarely use stop loss. Now I remember why.

I feel ... empty. That was my protection. My hedge. It's trading at 29.70 in after hours now. That stop-loss cost me pretty good, and I don't want to chase it, either. I won't be surprised if the market bounces back on Monday, but this is not how I planned it, especially after holding VXX through 30 and 31 today.

A stop-loss way lower (around 27.50 or so) was my first thought, but 28.91 seemed safe at the time. Nothing wrong with a profit ... but now it's time to construct Plan B.

One good thing to know: the Greek bailout (110 million euros) is official. I still want that hedge, though.