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July 23rd, 2008 at 12:08 pm
Nicely put, this virus.
I like to think that I have learned my lessons, at least partially. I’m still pretty new to options trading (less than a year) and trading in general (a bit more than a year), so I console myself, that I had to pay some tuition to the market for my losses 🙂
The me from 6 months ago would have jumped in with both feet, regardless of other conditions. But not this time… I admit I’m bit sorry that right now I don’t have more time for trading (week of meeting followed by business trip week, which is followed by another week of meetings (this one), followed by vacation week, followed by another business trip week is far from ideal for following the market), but I’m resisting the temptation. If the really turns up, there will be months to trade it (it seems obvious, but before I made my losses I was in constant "fear" of losing opportunities).
I guess, that was yet another confirmation (for me) that no amount of reading and simulated trading can replace the real experience…