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RE: TIB: Today I Bought (and Sold) - An Investors Journal #307 - Gold Mining, Italy Telecom, Cloud Computing, US Retail, Marijuana
Great to see you back! Discipline is the toughest behavior to persist with when investing! I actually took advantage of the sell off to get out some of the puts and shorts I had on. Could not breakeven but was able to get some funds in for my next move.
It is indeed. Sadly I had my eyes off the ball on the October SPY Put spreads I have. I was thinking that expiry on the puts was not until next Friday. Oops!! I could have exited last Friday at breakeven especially if I left the sold put in place. Not to be. I might get lucky if we get another down day to extract some value before end of day Friday. BUT that is what hedging trades are for - to hedge positions and not to crate winners.