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Falling Out Of LOVE

Published 06/08/2022, 11:15 AM
Updated 07/09/2023, 06:31 AM

This is a great example of how emotions can screw up a perfectly good trade. I’ve written about The Lovesac Company (NASDAQ:LOVE) many times, including this post from two months ago, when it was50% higher than it is right now. I had October puts on this thing, but a few days ago, I scurried out of them for no reason, except that my confidenceis approximately zero right now, and I was scared of what this morning’s earnings report would do to it.

Well, what it did was kick the stock in the behind and send it down hard, making a good pattern even better. So my erstwhile October puts are doing fantastic, thank you very much. I hope some of you out there held on to your LOVE short and didn’t wimp out like me. Pathetic. Just pathetic.

LOVE Chart.

Latest comments

I can't tell you how many times I've done that and turned my computer off lol...We should have TA meetings for it (Trader's Anonymous) lol
We've all done it. Take solice in knowing you'll do it again. Crazy humans.
I love your honesty
👍
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