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  1. S

    It's August 10th 2017 and I am long delta.......

    No doubt. If it was easy everybody would be a millionaire right? The concept of buying during panics is a general instruction. I doubt it means to cherry pick one hurting company. I think the two most bought stocks during the 2008 panic was Wal-Mart and McDonald's. If you had loaded up on those...
  2. S

    It's August 10th 2017 and I am long delta.......

    I heard a guy once say something along the lines of, "when your plumbers and electricians are talking like they are stock market geniuses, we are in a bubble". Being in a bubble is also a time of "greed". 2008 would be a time of fear. Warren was heavily invested after 2008-09 and has probably...
  3. S

    It's August 10th 2017 and I am long delta.......

    Good day so far. Market seems to be digesting yesterday's bad burrito. Good point about uncomfortability and position size. All my trades have defined risk and while I would be very unhappy to suffer complete losses (very unlikely), I would certainly live to trade another day down maybe 10%...
  4. S

    It's August 10th 2017 and I am long delta.......

    Triggered meaning my trading system told me to go long. I don't pay a lot of attention to news, I'm mostly mechanical. I think my position size is okay, but another 1%+ drop on Friday is gonna sting. Minimizing your losses during tail events is what separates the men from the boys does it not...
  5. S

    It's August 10th 2017 and I am long delta.......

    .... and scared. Anybody else? :confused: I love this volatility... 2 days ago. Yesterday's dip triggered Bull Puts for me and I felt like a genius coming into the close. Today I found myself putting more on at "better and better prices". Futures look calm. Is she done throwing up for now? SD
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