\> if you believe in the entry then stay in it
Agree 100%. It's basically how much conviction do you have? When trading options for example - I don't run stops. I come up with some thesis and punt my max loss into them. 100% loss is acceptable. If I lose it just means my thesis was wrong. Size bets accordingly. Anyone buying calls basically anytime today would have printed - if they held.
\> edit: and deal with it sober, learn to take the pain
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if you believe in the entry then stay in it. dont open port on bad days if you cant handle looking at a big red number
edit: and deal with it sober, learn to take the pain
No one talkin bout MP? Amazing recovery today, glad I bought calls yesterday and have shares also.
Edit: oh wait, me dumb I just used the search and see some mentions
These are all just essentially precious metals plays. If someone wants exposure without the risk that comes from options, you can looks into
SLV (silver)
and GDX (gold and broader exposure to gold related industries)
If someone wants exposure with the risk that does come with options, best of luck.
edit: my mistake, I see oil in there as well.
This is a good start but in no way comprehensive.
Pay particular attention to the delta, IV and theta values relative to news.
https://www.investopedia.com/trading/getting-to-know-the-greeks/
edit: He did something worse than just buying the stock and thinking it would go up. He bought derivates that are even riskier.