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SEIL | Stops?!?!? In a market moving like this? Nearly a guaranteed way to eliminate any profit.
I bought options and used stops in my early twenties. I am all grown up now. I fly commando!
I don't fault anyone for using either but I remember getting stopped out on a day I thought I made some good coin long before I had access to real time quotes in my hand. Also remember buying options and having the market move the way I thought.............and still loosing.
I never say never as this COULD be a time purchasing a call has a decent chance to pay on the upside.............and a better chance purchasing a put (after any major runup) on the downside in July/August. But highly doubt I go that route.
Trade minis. Get three more friends to split a mini if one wants to lower risk.
Best of luck to anyone at the table. | |
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JC Stone
