SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Market Taught Me That......
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cynic 2005 who wrote (84)11/10/1997 9:02:00 AM
From: Arik T.G.  Read Replies (1) of 151
 
All,

The one that cost me most taught me this:

When a trend is in place - don't look for the correction.
Quite the same as The trend is your friend.

I saw the trend change, bought OOM options, and then sold
them for a small (50%) profit, looking for a correction, which never came. Two more days of same direction strong action (the
options I closed were now worth about x5 my buying
price) I was convinced that a correction was about to take place and bought the options to the other side.
The trend only strengthened, and instead of winning big time, I lost big time.

The sad thing is that I called the target price right, and should I stayed with the original position would have made x15, but I wanted it all, and ended losing money on a correction that neber came.

ATG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News