Yesterday 5:57 pm
I am just thankful my YTD is still up a lot compared to Mr. Market but not nearly as much as I had before the recent fiasco.Fuelman » Yesterday, 9:29 am » wrote: ↑ 200%?I'm sitting at +6% for the first 5 months of 26'. (Medium risk portfolio)
I'm sure that 200% increase felt really good at the time. Hanging onto it is another story. It's not easy to save yourself from yourself.
Consider pulling 20-40% of those wins(profits) off the options table and put into longer term trades. Some of those trades may go negative but will not go to zero due to time decay. Worst case scenario, your options account goes to zero yet you have a portion of your wins creating profits on the side. Rainy day funds.
That's my 2 cents worth.
Now look at this guy: Spent 5.5 years to build up a small portfolio to $250K, and blew it back down to $75K in just 1 day b/c he went BIG into calls right before the rugpull today
https://x.com/WagieCapital/status/2062970913511838048