Originally Posted by
MDawg
Everyone who is successful tips and donates money to charities, just some more than others. There are no exceptions.
As far as how far down I'm willing to get before giving up, well I was down -20 or more last Thursday and recovered. Having a fifty line is the same principle as having enough in a stock trading account so that I may buy more 1000 blocks of AMZN if I get caught in a downward spiral, which incidentally, is exactly where I am at right now. I haven't quite had to leverage to that extent yet, but am currently down about $200,000. on one AMZN trade. I actually averaged in twice more, yesterday and today, but ended up selling both of those trades to make average $10000. each which sounds great but doesn't help my over all problem that I need AMZN to pump back to Friday's levels for me to be even again on the 2000 share block from Friday. When you see AMZN back over 2100 you will know that MDawg is very very happy. (Assuming I don't average in some more, in which case somewhere around 2050 will be adequate.)
But also I suppose it comes down to that losing 50 for me wouldn't be a life changing experience. Annoying and a blow to my pride, but wouldn't change anything.