Retail investor: I've got puts sold on 6 different stocks & I check all of them every morning before work.


Me: Why?
Retail investor: ...to see how they're doing?
Me: & what have you ever done with that information at 7am?
Retail investor: Honestly? Panicked a couple times. Closed one I shouldn't have.
Me: So the daily check has cost you money & given you nothing.
Retail investor: When you put it that way...
Me: The trades are a year out on companies below fair value with the strikes 10% under. What exactly is Tuesday morning going to change?
Retail investor: So how often do YOU look?
Me: Few times a month. If something great gets cheap I might make a trade. Otherwise I close the laptop. Giving time for the thesis to play out is CRITICAL!
Retail investor: My old day trading habits are dying hard.
Me: The account grows faster when you look at it less. 12 years of proof on my end beating the SP500 ROI...
If your trades need checking every morning, they're built wrong. Build them right & go live your life.
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