I agree with you. But I had enough capital and leverage to make close to my entire annual salary in this one trade. Haha. I know I could have lost it all too. Better to practice prudence and bet a reasonable amount of your capital.
Back in November I bought PCG and it was the top % gainer on Finviz.com. Today I had puts and PCG was the top % loser on Finviz.com.
You are right! This is a special case! It's down another 9% pre-market. But I don't regret getting out yesterday.
did another ball of steel trade. Bought down there and flip out. Had I was more patient then I would made $4K. Only made $2K. All before going to work. LOL.
This is probably the best and also hardest advice for traders to accept. Woulda, coulda, shoulda activates the fear/greed gene and makes you trade on emotion next time. It builds and builds until you're dumping your entire account in OTM weeklies trying to "get back"
No, I am NOT that type of trader. I don't trade OTM weeklies. I wished I coulda,woulda sold at better prices. But then I move onto the next trade.
%% He[SD] had a WSJ article written with a past FED member ,exhorting FED -NOT to raise rates, sounds like the FED stopped, looked listened.[Late 2018 or 2019] I went back + read /reread his Jack Schwager article; very important, he had one of the best working records, as far as putting hours in, @ the bank. And that's one reason he got promoted super fast.Also helped, Mr Stanley never though his boss was a kook ''because boss likd charts.'' Many in bank thought boss was a kook ,because he liked charts. LOL-LOL+ true.