There is no such thing as a bad position, only bad decisions. Selling for a loss is always a bad decision. Buying a single company that you are not willing to hold is another bad decision. Basically, as I have said before, if you are using stops you are essentially gambling...might as well just place sports bets or play online poker. The best analogy I can give is real estate. If your house price drops 20%, do you freak out and sell it? I am not saying that you ignore the potential of no recovery or bankruptcy, but there are better ways to manage risk other than bailing out...such as sizing.
Ouch...I remember looking at LIT back in 2017...but I felt there was better tech coming. btw why can't they list dividends as D1 or D4 to separate the monthly from the quarterly? Seriously I should add this to my lingo improvements for the financial sector.
I don't now man, most traders I know don't downsize when they are making a profit. Now if we can believe you, you are 100% into BITO, reaping the dividend and HODLing as it drops. The one batch of puts you bought expired. How do you rationalize that as not a loss?
Most traders you know are fools then. What did I downsize? I never add to a winning position though. I only add to average down. I was buying protective puts and calls because I was looking for an entry not looking to make profits. Do I sell bito if it drops? Heck no I load up... I mean I'm not buying at the top lol.... Anything at this level or lower is the buy zone.
OP has multiple profiles with similar username. Nobody like him has polluted this forum so much in the last few years, he does it smart. Polite, never lose control and keeps the bullshit coming non-stop.
I believe your trading account. I asked why and you said to buy beer. I assumed it was because of your losses in MARA and GME. Remember at the time you were out of capital.
The WXYGUY account has now been shut down due to IP address sharing with wxytrader, and I'm not happy about him posting under multiple usernames one bit.