Part 6/8:
Despite initial optimism, reality set in soon after as stocks exhibited volatility typical of financial markets. Trading reactions led to moments of regret, such as the missed opportunity where a call option on DraftKings soared after the initial purchase. These emotional ups and downs highlight the risk inherent in trading, especially when real money is at stake.
The Wake-Up Call
As trades were executed, lessons began to surface. A critical insight emerged—one should never allow emotional decisions to dictate the approach to trading. Following the concept of taking profits whenever possible was reiterated after a deep dive into market fluctuations led to a significant loss on the timber option.