LETTING EMOTION MAKE YOU A LOSER!
- 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 firstname.lastname@example.org 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!!