Owning Up to a Losing Play
Accountability for one's actions: The issue will never leave us. Still, no matter what is said or how an argument is presented, most individuals will hold steadfastly to their initial interpretation of an event -- though unfortunately some of the judgment will come with emotion and hindsight. In the end, no matter what anyone says on this site or on television or in social media, your trade is your trade. If you end up on the wrong side of one, or feel someone has an unfair advantage, or allow yourself to be jealous of someone else's good trade or actions, resentment will build.
Ultimately, we are all left living in the reality of our own perceptions, since perception is reality. I know I become upset when I see options action that clearly has no logical support, only to see good or bad news propel a stock in the direction that favors the options trader. Everyone hates an unfair advantage, but why? Is it because we are all morally grounded individuals? I'd like to think so, but in some cases it is actually jealously. That may sound a bit harsh, but it is also true. When it comes down to hitting the buy or sell button, just be sure you understand why you, personally, are making the trade. It is just that easy....233 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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