With friends like these who needs enemies? The Jan 220/230 Call option spread expired today. The Butterfly pattern never took flight. No pattern I know of has a 100% win rate, and I've heard the same from experts many times. So, we just have to brush it off and find the next pattern.
Summary:
Entered: Jan 220/230 Call option spread for .63 on 11/30/21.
Expired: .00 on 1/21/22
Net $-63.00 loss. This is why you don't cost average on losing positions. If I went solely with a conviction this would work out, then I might have added more long positions as the stock made new lows. Thank goodness I've learned not to do that.
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