Posted in #2totbox.com, #Bobdangit, #Longreads, #Rob_the_ceo, Personal blog, Positive perspectives, Uncategorized

When the ONLY Option is realizing you made a POOR OPTION CHOICE!

LETTING EMOTION MAKE YOU A LOSER!

  • As the pictures so eloquently point out, I have made several key mistakes here, let me explain:
    1. I placed over 75% of my portfolio in the OPTIONS CHAIN! (Diversify, Diversify Diversify!!) This has led to a DRAMATIC LOSS (in terms of my total portfolio).
      I was somewhat successful on 1 options contract expiry 8/10 and instead of moving on to a different stock, I quadrupled down and didn’t cover myself AT ALL WITH A SPREAD. VERY BAD EMOTIONAL TRADE
      I GOT GREEDY AND AM PAYING FOR SAID GREED!!
      I didn’t know enough about the GREEKS!! (KNOW YOUR GREEKS!! PLEASE!)
      I didn’t set a stop-loss to control how much money I would lose!! (Use LIMIT SELLS!)
      My confidence has taken a greedy kick to the 🎈🎈!! (A visual metaphor and YES THEY ARE RED!!)
      AS IT TAKES MONEY TO MAKE MONEY, I am basically starting back from square one. (Exercise Patience!!)

    All the things I mentioned have put me in the unfortunate position of having to close out these contracts basically worthless.. please don’t be like #Bobdangit!! Set STRICT LIMITS!! USE LIMIT BUY/SELLS TO CONTROL LOSSES AND TARGET PROFIT TAKING!

    I would say I’m ashamed, but I am not. I am a lifelong learner who is determined not to let a few mis-steps run me. Time to start over, a lot more knowledgeable and a lot poorer! I will get there, so will you! SOONER THAN LATER!!

    Please give me a comment, like or just laugh at my stupidity! Better yet, a hearty 😂😂, and I COULD OF TOLD YOU NOT TO DO THAT!! Lol. Also, I need a job, so I can earn more money to get back where I need to be! DM me at 2totbox@gmail.com if you have any leads! Or want my BTC/STELLAR WALLET ADDRESS!!! Lol, kidding about the wallet. I’m not doing this to make money for nothing!

    Have a blessed day, good luck and remember

    Do What You Love, Everyday!!

    -Bobdangit

    Author:

    We are told frequently that those who dare 2 Think Outside The Box, often accomplish much more than many deemed possible. My dream is that free thinkers and innovators may see something on this site that will inspire greatness.

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