Option Millionaires

[She Is]

I agree. I sold some options for a loss yesterday. I actually thought as everyone tells me "I have time.. be patient" well I watched a small loss turn into a bigger loss and bigger and bigger and bigger. In turn, I made the right call by selling b/c today it would have been an even bigger loss.

I actually got back into that trade and made back some of the losses. It's a great learning experience but sometimes painful and it really shows you the power of options in both directions (both profits and losses).