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Thursday, April 8, 2010


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.