I told you guys...closing positions for a loss is for fools.

you bought the put and then closed it for .05? doesn't make sense to me

 

The more you keep talking about your Lamborghini, the more I'm inclined to believe it's an alleged Lamborghini.

 

Yes, but that's just "calculated risk"
When you apply diversification, then such a loss doesn't make up much, and doesn't hurt much

 

Had he closed sooner if and when he saw the writing on the wall, his loss would have been smaller.

 

You weren't going to roll it over if you were still down over $1000

 

Nope, must have been a typo of him, b/c in the very next paragraph he writes "when I sold the puts". So, I'm sure he means ShortSelling.

 

Can you explain please. Maybe I/we can learn something new. Thx.

 

Sry typo as mentioned...sold a CSP. I bought to close it for .05.

 

lol

 

So you can't prove what you claim, right?