I might have blogged about this before, but oh well.
Now that's exciting.
An old investing adage is "cut your losses short and let your winners run."
This morning, I saw that I had 9%+ profits in one of my options. I got excited and wanted to sell. Then I thought, "How do I make money if I keep selling winners too soon and holding losers too long?" So I held the stock.
The results: I now have 0.95% gain.
Honestly, I do need to cut losses short on a consistent basis.
Thursday, April 8, 2010
Excited
Posted by Unknown at 6:32 PM