When it split again. I started buying insurance (puts) against my money. So yeah I'm losing, but losing the money I spend on premiums plus some money. But, I'm not taking a total bath. But to be fair, economy sucks, I may have one or two winners in my portfolio, the rest are a giant basket of L's, but L's that will recover eventually. Am I happy? No. Am I worried no or pissed off nah. Everyone is losing money on everything right now. But I protect my stocks. People usually see options as a way to leverage their accounts, and yeah that's great in a bull market if you want to speculate, but options are actually also insurance. Again, could be much better, could be much worse. I'm still buying stuff, I'm just not using the phrase (stocks are on sale) anything you buy may take 3-5 years to recover because shit is that bad.
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TSLA got you hitting the bottle early bud?
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When it split again. I started buying insurance (puts) against my money. So yeah I'm losing, but losing the money I spend on premiums plus some money. But, I'm not taking a total bath. But to be fair, economy sucks, I may have one or two winners in my portfolio, the rest are a giant basket of L's, but L's that will recover eventually. Am I happy? No. Am I worried no or pissed off nah. Everyone is losing money on everything right now. But I protect my stocks. People usually see options as a way to leverage their accounts, and yeah that's great in a bull market if you want to speculate, but options are actually also insurance. Again, could be much better, could be much worse. I'm still buying stuff, I'm just not using the phrase (stocks are on sale) anything you buy may take 3-5 years to recover because shit is that bad.
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