Dumped VIP for 50% loss

Losses, In session, Money Management

Well the patterns didn’t go as planned, and as much as it pained me to do so, yesterday I sold my option on VIP at approximately a 50% loss.  I’ve learned my lesson too many times with hanging onto options that simply aren’t “acting” correctly, so I eliminated emotion (almost) and just sold the thing.

I do have one other open position in MUR, and I’ll post the answer to the riddle I proposed later today, hopefully.  The position is fairly volatile, down $100, up $100, down $300…we’ll see what happens today!

Suzanne @ January 16, 2008