8/20
I closed my RUT 530/540 Call spread and my IBM 115/120Call spread at the maximum loss.
These positions went completely against me. I'm glad that the month is over. This month has been devastating to my portfolio.
I need to get over the emotional hurdle and get on with next month's trade. September will be a new month and I need to put on stop losses on all of my trades from now on. I can't have a month like August destroy the profits I worked so hard to build up.
closed August expiration positions
1 comments:
Two points:
1) I believe you should never take a maximum loss. There must be an appropriate time to adjust, or exit the trade - to limit losses.
2) Yes, it's behind you and it's time to spend 100% of your attention on the future.
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