Comments on: Buried Deep in DooDoo like FAZ,SRS, or alike? http://www.momdaytrader.com/blog/2009/06/07/buried-deep-in-doodoo-like-faz-srse/ Trade to win Sat, 04 Feb 2012 15:04:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trader Momhttp://www.momdaytrader.com/blog/2009/06/07/buried-deep-in-doodoo-like-faz-srse/#comment-672 Trader Mom Mon, 08 Jun 2009 00:18:52 +0000 http://www.momdaytrader.com/blog/?p=1534#comment-672 You must feel relieved now. Holding a deep loser like that is not only bad for our money, it also distracts us from looking for the next possible winner. We might just spend all day long thinking about it or looking at it, wishing it would come back one day. No matter how hard we pray, we are not going to exert any influence on how it moves. So we need to get rid of it quickly so that we can regroup. You must feel relieved now. Holding a deep loser like that is not only bad for our money, it also distracts us from looking for the next possible winner. We might just spend all day long thinking about it or looking at it, wishing it would come back one day. No matter how hard we pray, we are not going to exert any influence on how it moves. So we need to get rid of it quickly so that we can regroup.

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2009/06/07/buried-deep-in-doodoo-like-faz-srse/#comment-2055 Satuki (Trader Mom) Mon, 08 Jun 2009 00:18:00 +0000 http://www.momdaytrader.com/blog/?p=1534#comment-2055 You must feel relieved now. Holding a deep loser like that is not only bad for our money, it also distracts us from looking for the next possible winner. We might just spend all day long thinking about it or looking at it, wishing it would come back one day. No matter how hard we pray, we are not going to exert any influence on how it moves. So we need to get rid of it quickly so that we can regroup. You must feel relieved now. Holding a deep loser like that is not only bad for our money, it also distracts us from looking for the next possible winner. We might just spend all day long thinking about it or looking at it, wishing it would come back one day. No matter how hard we pray, we are not going to exert any influence on how it moves. So we need to get rid of it quickly so that we can regroup.

]]> By: camtraderhttp://www.momdaytrader.com/blog/2009/06/07/buried-deep-in-doodoo-like-faz-srse/#comment-671 camtrader Sun, 07 Jun 2009 22:27:42 +0000 http://www.momdaytrader.com/blog/?p=1534#comment-671 I sold my 2 month FAZ loss of -74% I was holding onto last Monday. Good riddance! Before the start of this year I had discovered covered call selling and aimed to just do that, but got seduced back into making quick money with FAZ and buying SPY/WFC puts thinking the market would go down about a month or two ago. If I had stuck to my plan of just letting time decay on the options I sold on the stock I owned until expiration each month I'd be up about 16% YTD. Instead I'm down about -43% I don't think I'll touch FAZ for at least another year or two again. I think my problem is I need to have separate accounts for different strategies to prevent myself from committing the same errors until I become more disciplined. I should have more money in the conservative account for less risky strategies and have less money (10 or 15%) in a separate account for speculative experimental trading like FAZ, options, etc. I sold my 2 month FAZ loss of -74% I was holding onto last Monday. Good riddance!

Before the start of this year I had discovered covered call selling and aimed to just do that, but got seduced back into making quick money with FAZ and buying SPY/WFC puts thinking the market would go down about a month or two ago.

If I had stuck to my plan of just letting time decay on the options I sold on the stock I owned until expiration each month I’d be up about 16% YTD. Instead I’m down about -43%

I don’t think I’ll touch FAZ for at least another year or two again.

I think my problem is I need to have separate accounts for different strategies to prevent myself from committing the same errors until I become more disciplined. I should have more money in the conservative account for less risky strategies and have less money (10 or 15%) in a separate account for speculative experimental trading like FAZ, options, etc.

]]> By: camtraderhttp://www.momdaytrader.com/blog/2009/06/07/buried-deep-in-doodoo-like-faz-srse/#comment-2054 camtrader Sun, 07 Jun 2009 22:27:00 +0000 http://www.momdaytrader.com/blog/?p=1534#comment-2054 I sold my 2 month FAZ loss of -74% I was holding onto last Monday. Good riddance! Before the start of this year I had discovered covered call selling and aimed to just do that, but got seduced back into making quick money with FAZ and buying SPY/WFC puts thinking the market would go down about a month or two ago. If I had stuck to my plan of just letting time decay on the options I sold on the stock I owned until expiration each month I'd be up about 16% YTD. Instead I'm down about -43% I don't think I'll touch FAZ for at least another year or two again. I think my problem is I need to have separate accounts for different strategies to prevent myself from committing the same errors until I become more disciplined. I should have more money in the conservative account for less risky strategies and have less money (10 or 15%) in a separate account for speculative experimental trading like FAZ, options, etc. I sold my 2 month FAZ loss of -74% I was holding onto last Monday. Good riddance!

Before the start of this year I had discovered covered call selling and aimed to just do that, but got seduced back into making quick money with FAZ and buying SPY/WFC puts thinking the market would go down about a month or two ago.

If I had stuck to my plan of just letting time decay on the options I sold on the stock I owned until expiration each month I’d be up about 16% YTD. Instead I’m down about -43%

I don’t think I’ll touch FAZ for at least another year or two again.

I think my problem is I need to have separate accounts for different strategies to prevent myself from committing the same errors until I become more disciplined. I should have more money in the conservative account for less risky strategies and have less money (10 or 15%) in a separate account for speculative experimental trading like FAZ, options, etc.

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