How do you get over…I guess it's called "over-managing" your contracts? I sell covered calls. Every day, I see so many opportunities to buy-to-close and resell or just close the underlying position for a bigger profit. It's always so tempting to do it, but I'm getting tired of it. At this point, I'd rather just lose out on some extra profit instead of babysitting my trades all day. I guess that I could set up alerts, but I don't think that I want to deal with the "stress" of this constant buying and selling. It's a good stress. It's thrilling to know that I'm about to make extra money by closing out the position. But, I'd rather actually just enjoy my life.
So, I guess my real question is —for ppl who don't manage their portfolio every single day, is it a conscious decision to lose out on potential profit and just enjoy your life?
Posted by morinthos
1 Comment
find good opportunities that take low effort to manage. a long term contract can be ideal. Make your plan and then close the platform. Go play tennis or something. get a hobby, a partner/friend (or whatever your into). walk your dog, etc.
Man kind was not designed to sit in a chair all day staring at a few numbers bouncing up and down.