I still find it hard to hold my winners longer. I've left a good $30k on the table the last couple weeks in my trades. I'm generally very good at picking bottoms, but I'm shit at picking tops.
Did I do $WELL?
- Thread starter Amun Ra
- Start date
I still find it hard to hold my winners longer. I've left a good $30k on the table the last couple weeks in my trades. I'm generally very good at picking bottoms, but I'm shit at picking tops.
Loss aversion: The tendency for people to have preference for avoiding losses rather than acquiring gains.
Disposition effect: The tendency for people to lock in gains and ride losses.
Randomness bias: People assume the market is random and has many tops and bottoms they can trade easily.
Why take off a position that is working?
Disposition effect: The tendency for people to lock in gains and ride losses.
Randomness bias: People assume the market is random and has many tops and bottoms they can trade easily.
Why take off a position that is working?
I bought WELL back in March...$43. something. Did a covered call at Jan 21 $50. One of those for the past few weeks, I thought would surely get called away. Patience grasshopper...COVID-19 has to work it's way through years of questions/answers. The lawsuits..."YOU KILLED MY GRANDMOTHER!!". The value of the company...Where to put older loved ones...
Yeah I remember that. Seems like I might get a chance though to buy these cheap options back. haha.
algoseek
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Well said.