Regret

It's easy to feel regretful in the options market. Think about when you were so sure you should buy a stock and didn't. The next day it goes up 15%. Now multiply that regret by, oh, anywhere from 10x to 30x. It's easy to feel down about not buying or selling, but that is part of the game. Take emotion out and put educated guessing in (ya, that's right, it's just like poker... you can only guess how good your play is because you don't know the future). And, remember never to miss opportunities because of regret, because you just end up regretting more.

But, alas, I lie, because I can't help but feeling regret. Regret that people are not buying C, LEH, WB like crazy and shooting them up 10-15% so I can get some cheap puts. Seriously, people are losing their houses, and others are willing to buy into financials that are responsible for this? The worst is yet to come, but before then, why not buy more, cuz you'll get it back eventually. Right?

My positions are all gone right now, as I'm waiting for a pullback and a better entry point.

BTW, as I'm writing this, financials are moving up... niiice...