$AMD(AMD.US)Context: AMD has plummeted so much that it feels numb. No matter the earnings results tonight, I won't be ab…
$AMD(AMD.US)
Context: AMD has plummeted so much that it feels numb. No matter the earnings results tonight, I won't be able to break even.
My strategy: Lie flat and hold. I basically plan to hold through the New Year.
Summary: I still have confidence in this AMD position, but I have to admit my trading strategy is flawed. Risk management was inadequate. Failing to cut losses or being hesitant to do so leads to unlimited downside. The speculative game turns into a test of endurance, causing one to forget the original thesis and reason for buying. It's all about emotions; as Xiao He makes him succeed, so does he make him fail.
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