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

Lol,for a guy who trades 5k underlying,you talk a very big game..

But it's surprisingly entertaining

wxytrader said:
Let me guess you trade parity arbitrage zebra spreads? While you are adding up deltas I'll be doing doughnuts in my (2008) Lambo. Btw I just showed you a GREAT options trade.
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wxytrader said:
It's not a bull market when you're selling options people. You can lose large over a week. But I've run the numbers against even a 1987 scenario... You have to take into account even in a catastrophic downfall. It will recover rather quickly and in a steady downtrend you recover on the way down. I've been trading Bitcoin buddy. You don't think I know what a bear market's like LOL. Actually, I prefer bear markets. Bull markets are for suckers.
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Easy money has the same buying power as hard money. Maybe bulls are for suckers but you’re the one on your knees. :P
 
Relentless said:
@Baron - I think you might want to start a new forum section called "This Advice In This Post is Cancer. Avoid at All Costs" after this one. That way the mods can just move stuff like this there straight away.
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Everyone and their uncle would closed that trade. That's why everyone and their uncle doesn't drive a (2008) Lambo.
 
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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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