I listened to the talking heads and believed analysts knew what they were doing. I averaged down. If you like it at 10, you gotta love it at 5, have the hots for it at 2 and watch it go bankrupt. I wouldn't take a loss until I was forced to by bankruptcy or a buyout way below my purchase price. I took profits way to early. Yes you can go broke by taking a profit.
there was a guy who did that. His fund was down hundreds of millions so he took the last 50mm and bought tiny calls. It didn’t work out.
I did that, but they don't explain the reasoning behind their blows. They just post a picture with the loss. I need a story.
I think the main reason why I never blew up an account is because I automate my trading. I am not sure about this, but every time I hear stories about burning funds there is someone staring at a screen. I am too lazy to sit down in front of a chart. So I don't have those problems about taking profits too early or cutting loses too big. The bot is heartless. Maybe that is the secret of a good trader, being a cold heartless psychopath that does not feel anything.
LOL!!!!!!!!!!!! When I say let em rip,I meant watching the .10 options go to 10 bucks... Never thought of buying the cheapos after going on life support
You have to live through your experiences, else you’re larpin’ I bought 6 digits of now-worthless over-priced jpegs. A thesis can be wrong
Or maybe you're just FOS. I guessing that's the case. That and the utter lack of trading acumen displays in your posting history. What comes out is you trying so hard to disprove exactly what you are.