#GM friends
I learned a lesson recently and paid for it.
A few weeks ago I decided I would purchase a Nov 7th call option on a Bitcoin ETF just to play around with it as I was feeling confident in the price increasing soon.
The option went from $373 to $750 in the first week and I was feeling like a genius. Part of me felt like I should take the profits but where we were sitting at ATH and still had many weeks to expiration I decided to hold off.
I even had a stop loss in place which could've guaranteed a little profit but cancelled it bc I didn't want it to fill on a dip.
Long story short that option was trading yesterday for just $5 lol.
I am looking at it simply as a reminder why I just buy and hold #Bitcoin and don't try to time it!
