I told you guys...closing positions for a loss is for fools.

maxinger said:
View attachment 335659


If you had bought EVA two years ago,
you should not close the position for a loss.
You should continue to BUY and BUY to AVERAGE IT DOWN.

Let other people close the position (ie SELL) for a loss.

There are other stocks that you should not close for a loss.
You can refer to @Quanto postings.
He has many stocks for you to NOT-TO-CLOSE-FOR-A-LOSS.




Thank you for your kind heart & unselfish act & thoughtfulness.
With a kind heart, you might be able to buy a Lambo.

________________
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When did I say I was buying and averaging down on a stock? Talking about selling puts. The averaging down I only do on things that I want to keep like indexes.
 
schizo said:
I just love these noob posts. Obviously, they've never experienced a real bear market and think all losses will eventually recover. I've seen many traders blow up their accounts this way. What they've made in the bull market over many years gone in a matter of few months in the bear market. In any event, it's still bad practice to allow unmitigated losses. That will only reinforce bad habits.
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You sound like such a noob. You drank the retail coolaid clearly.
 
ironchef said:
Like clockwork, every year, a few appeared but none lasted. :(
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Come to think of it, there are probably fewer than 10 posters still here who were active before the 2008 crisis. And I wouldn't be surprised that less than 10 will survive the next 10-15 years. It's possible that some of them simply left because they were fed up with this site, but I'm speaking mainly of those who were very active here. They would not have left unless they had no other choice.
 
maxinger said:
View attachment 335659


If you had bought EVA two years ago,
you should not close the position for a loss.
You should continue to BUY and BUY to AVERAGE IT DOWN.

Let other people close the position (ie SELL) for a loss.

There are other stocks that you should not close for a loss.
You can refer to @Quanto postings.
He has many stocks for you to NOT-TO-CLOSE-FOR-A-LOSS.




Thank you for your kind heart & unselfish act & thoughtfulness.
With a kind heart, you might be able to buy a Lambo.

________________
More...
@maxinger, in the other thread I told you that I trade the volatility of the stock (via its options), not the stockprice itself.
So, you are making arguments by knowingly spreading false facts. This is called defamation/slander.
 
This tread has clearly shown that there are many traders who have no clue what diversification really means.
Facts are:
- options have an expiration date
- when volume is low then the B/A spreads are wide, so one cannot easily close the position
- this is the case with most tickers that are worth for shortselling
- and we talk about shortselling
Most here have no clue about the details and differences, as they have not studied all sides: the liquid options and the not-liquid options.
Fact is: the big money (and percentual highest profit, ie. ROI%) is made with non-liquid options... :), and these are mostly SmallCaps,...
Ie. you have to hodl them till expiry... Just apply diversification, then you are on the safe side.

But... how can one diversify at all if one knows and trades the same one ticker only all the time... :)
 
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