<p><a href=“http://talk.collegeconfidential.com/university-michigan-ann-arbor/498195-off-topic-i-made-400k-2.html#post1063934469[/url]”>http://talk.collegeconfidential.com/university-michigan-ann-arbor/498195-off-topic-i-made-400k-2.html#post1063934469</a></p>
<p>you lose daily depreciation. I never look to hold options more than 2 days. I buy it right before earnings day, and sell it right after. <em>You have to follow the rules you set for yourself, no matter how painful it is or what your emotion tells you to do.</em> You lose 20%, and you feel like you might be able to make it back holding onto them. nope, you sell it. You make 100% but you feel like if you hold onto it you might make more, doesnt matter, you still sell it.
that’s how you prevent total loss.</p>