trader198
Registered: Mar 2010
Posts: 1217 |
06-29-12 04:39 PM
if there is no margin, just let the market bail you out.
i bought some otm call on uso, I was dying yesterday, I bought strike 30 and 29.5. the market just keep sinking.
i bought some otm call qqq at 63 and 62 wesday and thursday(averaging in), almost dead, just turned my computer off, could not bear any more,
when this morning turn on, all doubled and more
let the market bail you out.
most time people cut loss blindly, just to avoid the pressure. just do not do it. that is not ego. do not take it easy. it is the thought of possible loss which drove you nuts, and did something really stupid.
I bought more this morning next week call, ride it hard, until sheep are slaughtered totally
Quote from etemtezcan:
may think like this: helped me a bit
I entered this trade believing it will be a great one. Even with all fundamentals, indicators, signals, flow and PA on my side, it is not working thus I
EITHER
will be very happy to close at this little loss levels after more adverse price action, doubling, stressing overnight positions, .....
OR
will close right now and be happy to get bailed out with little price
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