Stock Market is alive, and it does not forgive mistakes.
I felt very accomplished by making money in the Stock Market. Today however, I feel less accomplished as the beast turned around and smacked me right in the face. I lost a lot from my point of view.
I used options, and I was bullish on few of them, but current downturn affected my cashflow dramatically. It might turn back, but I don’t like to hope.
I entered these options with calculated risks, and according to calculations they will rebound. I still have few points as a cushion, but of course I don’t like to see when they change the wrong way.
The mistake is that I entered too early, I should have waited for it to go down. But then I remember there is such a thing as Murphy’s Law. I don’t know how long I would have to wait for it to go down, and what if it didn’t? What if it kept going up and up?
I chose the go with the flow, and don’t go against the market strategy, but unfortunately there are downturns.