I can relate. I too have wondered why I bought stocks in some companies only to watch it go down.
mfibbs
⋅
Why is it garbage? Why, cuz your down? Look at it now. $28. Absolute steal. I’m in at $42 after DCA purchase at $35. Now, just now bought 10 at 28.67. Now I’m Dca at $36.80 with 100 shares where I will sell a call for $1200 with strike of $85. That’s how u do it.
xstreamSTL
⋅
@mfibbs, interesting, I just got in 150 sh two days ago, then hedged with a 30 strike put. Can you explain the strategy behind the call you sold to open?