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I sold the most perfect hedge on MSTR on Nov 6

Hype about imminent Spot Approval got the better of me and I bought it back. 

Today it would have protected my downside on MSTR and BTC. 

Next time 

1) stick with the arb cloud model

2) trust my own mean reversion

3) be patient

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Comments

Anonymous

In my next life, I plan on being patient

Anonymous

Stuck with the $450 call for $50 credit, break even $500 might roll or buy it back on 22nd December or

Anonymous

Sorry but that looked like a freight train in the moment

Anonymous

You nailed the 530 prediction right on the nose!

Anonymous

Thanks for sharing. I was running low on margin so opted out as well. I believed but was cutting things a little close : )

Anonymous

Nice to see you are human sometimes to James 😁👍

Anonymous

Love you sharing your less perfect trades with us. Humility and kindness so underrated.

Anonymous

🙏 always learning

Anonymous

Good to know that you are a human. Don’t beat yourself up to hard.