Uncle Ho, You did the right thing getting out of that trade - you could have gotten killed. Now GO LONG and make some money. Trading 101: THE TREND IS YOUR FRIEND! See the attached chart. A clear Channel forming between 600 and 632. I'll be Selling More Puts to Dopes this week, anywhere in that range, adding to my current Bullish position. Will then sit back and enjoy the ride to 700!
Amazing to witness how people take pleasure in writing condescending posts in here all the time. Is your life that empty ?
Well said FoN! Lots of nasty put downs everywhere you look on ET. Unfortunate. Trading is a lonely profession, so the idea should be to communicate and help each other, don't you think? What did Sir Paul McCartney say in "Let It Be"? "It's a fool who plays it cool, making his world a little colder...." Sorry to give away my age....
The guy is a troll. A sim trade that didn't hit the tape, yet he was told by at least two posters to cover at 603. His response was that "losers would cover here".