SPDR S&P 500 (SPY): fitzell, No, I lost my conviction two...

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Re: fitzwell11 post# 316067

Thursday, 06/11/2020 12:42:30 PM

Thursday, June 11, 2020 12:42:30 PM

fitzell,

No, I lost my conviction two days before the decline. I posted it just now.

This has happened several times before, and I have closed out only to lose a fortune in potential profits and also, real losses from averaging down my position. That is why I made a quick 180 degree turn when I got ready to close out.

As I said, I have a tendency to build a position about 3 weeks too early and I actually bought a notebook and am studying what I am doing wrong.

I also have a tendency to leave profits on the table. Yes, cash is a position, but it's not fun to make 100 bucks when you could have made a thousand.

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