I received nice haircut today. Probably lost close to $500k on paper between my various accounts. But you got to be able to take the good with the bad. It's not my worst beating as I've had much worse. I had over million dollar loss day before. Those hurt. I also had million dollars plus gain days too. But it's never fun seeing 6 or 7 figure paper loss. But the trick is to control your emotions. You're going to have ups and downs. It's part of the process.
Since we are manning up to losses, I took a gigantic one just yesterday. I was sitting on a very big profit (by my standards at least),
and like an idiot I decided to become an "investor". All of a sudden, out of the f'kn' blue, the **$$ @#$ market makers slammed the #$@$ out of the stock and not only was my paper profit gone, but now I was down 49%, and the POS kept going even lower after hours.
I sold this morning on the first uptick. Turned out to be a good idea as the stock was still headed lower. I wont mention it here.
I was still licking my wounds today and was kind of despondent TBH.
I think it is good to know yourself. As I have stated over and over, I prefer to be a "trader" over an "investor". I simply do not have the patience to buy and hold shares or short puts over the long term.
As I mentioned earlier, I bought Tesla after the last quarter ER at roughly $650 and sold for a tiny profit. Had I held, I would have nearly doubled in 90 days. But again, I have a very low tolerance for pullbacks. So I get in and get out and thats about it.
Oh well, at least I am still up for the year.