I know I've been missing for some time. Forgive me. I have been focusing my efforts the past week on increasing my knowledge in and growing my real estate business (even thought it has only just been birthed).
But on the subject of options.
I did exactly what I wasn't supposed to do from what I have read and studied.
I deviated from my normal strategy and it resulted in a big win. This big win led me to think I was smarter than the market. So what did I do? I did the same thing again and I won. Big. I don't have the numbers or pictures because I was just going to magically show up with a much larger account value and then tell you what I did (which, by the way was not based on any sound strategy).
You may have already begun to see where I am going with this.
I'll summarize.
The third "bet" was a loss. I figured it was a fluke. The fourth "bet" was a big loss. I thought, "the market just doesn't know what it's doing. The fifth bet was an unbearable loss. I am too embarrassed to show you what the account looks like now.
It is true what the bible said. Money gained quickly is also quickly lost.
Needless to say. I am now returning to my conservative strategy. This means I'll only post an update when an opportunity that fits my fixed rules arises.
Yes, I'm annoyed and frustrated.
But I am also very glad. The first time I deviated from my plan, I actually hoped to lose a significant portion of my account value in order to learn my lesson. Well, it happened. My prayers were answered again.
Here's where the account is now after surging up to a value of $3576.91 (49% gain)
Current account value of $957.68 meaning a loss of -1442.32 or -60.10% loss
Oh what JOY!!!
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