Thanks for your comments OCMillionare, I agree with you on AAPT. :)
Note to you and our AAPT colleagues. Set an exit point for any trade that you make for any option, stock, or ETF etc. before you make that trade. Determine the maximum loss that you are willing to take, i.e., set a mental stop, and that you can afford to take and stick to it. Plan your trades and trade your plan. :)
I never use real stop-loss or buy-stop orders because the danger is that you can be taken out at the low end of the stop-loss order or if you're short at the high end of the buy-stop order with all the other buy-stop or sell-stop orders. Don't let them take it away from you especially at the worst possible price. Use mental trailing stops as your trade goes higher or lower if you're long or short.
Don't assume that a low price is a good price. Do your own technical analysis and DD before buying and/or adding to any position. Don't assume that so-called averaging down is a good idea; it may cost you a lot of money that you can't afford to lose. When your assumption and trade goes against you and your plan and reaches your pre-planned exit point, get out and say , "NEXT." Don't ever let your profits in any position turn into a loss; don't let them take it away from you.
Always have a goal, a plan, and an execution strategy for the plan for trading and investing and everything in life. Evaluate the result of all your trades, plans, and executions of those plans and make changes for the future where and when necessary. This is called post-implentation-review of you goals, plans, and executions of those plans.
Good luck on all of your trades.
Best,
Bob-C
