@epictrades1 I told Rick this sad story yesterday so I’ll tell you too to make you feel better. I was in SPX puts that went from 9.70 to 118. I took 4 pts. So I’m with you on the trailing stops. I’m at my desk right now working on conditional order set ups to help with this.
@epictrades1 Random costume parties must be a thing now, our neighbor just invited us to a Palm Royale (based on the Apple TV series) costume party next weekend…just because. 🤷♀️
@epictrades1 We have Parachute throughout the house and my husband loves them, but they’re a little too fluffy for me (down alternative). I have a Casper original that I like and seems to be helping my neck.
Borrowed..a gentle reminder
It might not work. It could go very badly. You could be laughed at. You could take a financial hit. You could come in second. You could fail. You could even die.
But?
Is life without risk possible? Could you possibly hope to make it through the world, to borrow a powerful rhetorical question from Meditations, without encountering any of these setbacks?
Of course not. This is why courage was such a critical virtue to the Stoics—because life demands it. You cannot do anything, go anywhere, be anyone without it.
The greatest Stoics were defined by their ability to go out there and do what they thought needed to be done, despite the incredibly unlikely probability of success. Cato went against Caesar…his daughter, Porcia, did the same. George Washington, in that winter of discontent at Valley Forge, drew on that exact example, putting on Addison’s play about Cato to inspire himself and his men. Stockdale had every reason to think he would not survive, that he would not triumph over his captors, but he never gave in.
We will not always win in life, but we will never win without an ability to face loss, without the courage to proceed anyway. Be not afraid. Be brave.
@SamanthaLaDuc I agree. It would be good to hear about your calls that didn’t work out. I think offering that kind of transparency would go a long way with traders that understand no one is 100%. It’s difficult to evaluate a service that doesn’t share info on both success and failure.