Discussion in 'Psychology' started by NoMoreOptions, May 18, 2006.
can't sleep, but sleep will tomorrow be better?
-- take your position off...see how you feel
-- reverse your position with a smaller size and a tight stop...see how you feel
-- don't initiate any trade if you're feeling uneasy and have no positions
if any of these actions take a weight off your shoulders, maybe they're the right actions
use options to protect overnite. u can learn alot about options on internet. options are a tool everyone should use when trading, at least to protect/hedge. think of options as insurance.
buy calls-right to buy long stock
short calls-obligation to sell stock
buy puts-right to sell stock
short puts-obligation to buy stock
learn those methods and strategies and place them around underlying security
for instance, if you hold stock, buy puts or sell calls against the stock to protect/hedge. stock drops overnite lite NBIX did two days ago, you make profits in puts/calls to make up for loss in stock........etc, etc.
this will allow u to saw logs and sleep like a baby
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