After peaking on Tuesday, it appears that the old TFMR adage has been proven once again. The funny thing is, I recall mentioning the adage in Tuesday's podcast but I deluded myself because I had foolishly bought a call option that day.
And this is why I quit trading in the first place....It clouds my judgment! Yes, I had good reason to be excited and was working my plan when I bought that call. Additionally, there's still almost six weeks before it expires so it's not dead money yet. However, the old adage of "being prepared to sell some when things look rosiest" still rings true...
