Quote:
Originally Posted by Nuckle
I bought USO 2 weeks ago and watched it race to a 40% margin. My dumbass was greedy and watched it all the way back down to nearly where it is today. I already have a limit buy on it at my original purchase amount. I am doubling down and will sit on it as long as I need to.
|
Oh yeah lol I know that feeling way to well.. Greed and FOMO will cost you. It's good to have an entry/exit strategy and stick to it. Even if it rallies up 40% but you sell early at 15% that is still a significant percentage. In the end you still made something and always have the opportunity to set up a new trade. Also during this crazy time, the market is crazy volatile so I'm sticking to short term small gains until we bottom out or stabilize to go in long term.