Good move Greg. Capturing a profit that you can see is better than "hopefully" capturing a profit that you have no idea will materialize or not. I can't count the times I was up 30-40% in one day and wouldn't get out because of greed. I'd keep holding on and holding on and when price went against me quickly I couldn't get out fast enough and would be sitting with a loss. I was also trying to use limit orders to exit the trades. Now I just use market orders if I need to get out NOW. I might get ripped for some cash on the market order, but at least I'll get out. Lessons learned.
Maybe everyone has had this experience: I had a sell order on a stock. I was away from my computer (this was a while ago- no cell phone). I saw a chart which indicated there was a super gap down. I felt assured knowing I had my safety net and felt relieved presuming that I would be cashed out. Lo and behold, my sell price was in that gap so theoretically that stock never traded at that price. This was definitely one of those times when the wrong face got ripped off in this market.
Just added another SLV contract with a short date as the price was falling away... It is a ridiculous bid but it may fill anyway. All 'disposable income' and I am NOT attached to any ends here...Such an interesting process!
Good move Greg. Capturing a profit that you can see is better than "hopefully" capturing a profit that you have no idea will materialize or not. I can't count the times I was up 30-40% in one day and wouldn't get out because of greed. I'd keep holding on and holding on and when price went against me quickly I couldn't get out fast enough and would be sitting with a loss. I was also trying to use limit orders to exit the trades. Now I just use market orders if I need to get out NOW. I might get ripped for some cash on the market order, but at least I'll get out. Lessons learned.
Maybe everyone has had this experience: I had a sell order on a stock. I was away from my computer (this was a while ago- no cell phone). I saw a chart which indicated there was a super gap down. I felt assured knowing I had my safety net and felt relieved presuming that I would be cashed out. Lo and behold, my sell price was in that gap so theoretically that stock never traded at that price. This was definitely one of those times when the wrong face got ripped off in this market.
bot slv calls
bought aapl puts today after the high...
do you think we hit the highs before more "fake" news?
My opinion is probably worthless...sorry. I'm reacting in the moment.
time to buy puts?
Just added another SLV contract with a short date as the price was falling away... It is a ridiculous bid but it may fill anyway. All 'disposable income' and I am NOT attached to any ends here...Such an interesting process!
"EVERYTHING in its 'right place...' "
How you have a gain? You buy big on the super low? Big jump from a 220 call