A

@Terra_Incognita
$Wolfspeed Inc.(WOLF)$ WOLF: cut loss with 87% capital loss for WOLF. The last covered call expired and was on the verge of renewing it. At this price point, more value is loss to initiate trading position due to trade fees are calculated by contract size than to actually be profitable on the trade. Decided to cut loss (that I should have done a lot more sooner). Cut loss on an overall profitable day makes this less painful that it does. It shows that my profit generated by my trading strategy are good enough to cover for these occasional catastrophic losses and silly emotional attachments on stocks/companies that were no longer valid based on original assessment as their financial positions had deteriorated significantly. Good riddance.
$Wolfspeed Inc.(WOLF)$ WOLF: cut loss with 87% capital loss for WOLF. The last covered call expired and was on the verge of renewing it. At this price point, more value is loss to initiate trading position due to trade fees are calculated by contract size than to actually be profitable on the trade. Decided to cut loss (that I should have done a lot more sooner). Cut loss on an overall profitable day makes this less painful that it does. It shows that my profit generated by my trading strategy are good enough to cover for these occasional catastrophic losses and silly emotional attachments on stocks/companies that were no longer valid based on original assessment as their financial positions had deteriorated significantly. Good riddance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet