you bought the put and then closed it for .05? doesn't make sense to meI bought a CLSK Mar8 18 put a few days ago, and it was down and over $4 ITM, and I was down over $1200 on the trade. Did I close it? Did I have stops in place? No way. Today it was OTM and I closed for .05. THIS is why I never close a trade for a loss.
The funny part is when I sold the puts I could see that the price was going to tank lol but I sold them anyway.
I told you guys...closing positions for a loss is for fools.
- Thread starter wxytrader
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The more you keep talking about your Lamborghini, the more I'm inclined to believe it's an alleged Lamborghini.(2008) Lambo
Yes, but that's just "calculated risk"
When you apply diversification, then such a loss doesn't make up much, and doesn't hurt much
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Had he closed sooner if and when he saw the writing on the wall, his loss would have been smaller.Yes, but that's just "calculated" risk
I bought a CLSK Mar8 18 put a few days ago, and it was down and over $4 ITM, and I was down over $1200 on the trade. Did I close it? Did I have stops in place? No way. Today it was OTM and I closed for .05. THIS is why I never close a trade for a loss.
The funny part is when I sold the puts I could see that the price was going to tank lol but I sold them anyway.
You weren't going to roll it over if you were still down over $1000
Nope, must have been a typo of him, b/c in the very next paragraph he writes "when I sold the puts". So, I'm sure he means ShortSelling.
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Can you explain please. Maybe I/we can learn something new. Thx.
So you can't prove what you claim, right?