I had made a perfect trade that was executed flawlessly, and yet I lost big time. The moral of this sad tale is to double-check every confirmation. What was a winning position even though I only had one contract ended up badly, but only because I didn't read my confirmation correctly. If I would have noticed that only one contract got filled, I could and would have cancelled the buy order for the remaining nine contracts. This is one of those instances where we pay our dues to learn the trading business.
Tuition can be costly.
Trading seems to be that way for me. I experience a certain degree of success and them BAM, the Option Gods whap me upside the head. Probably just a loving gesture to keep me humble. From the beginning I've been advocating in this column the necessity of learning to trade for one's self. Ultimately if we seek to become a trader we must learn to trade.