u/AlbertiApop2029 ·
Reddit — r/smallstreetbets
· March 28, 2026 at 00:38
· ⬆ 50 pts
· 💬 37 comments
| View on Reddit ↗
AI Summary
Summary
A seasoned investor reflects on avoiding the mistake of selling long put options too early during a market decline, drawing parallels to 2008.
The author advocates for patience, not trying to "catch falling knives," and letting the market volatility shake out before making significant moves.
Quality assessment: Speculation / Noise. This is personal anecdote and market philosophy, not researched due diligence.
Score50
Comments37
Upvote %74%
▶ Full Post Text
Things are on sale today. I had to stop myself from making the mistakes in 2008. My long puts had green shoots today, I wanted to pluck them so bad. I stopped myself. Remembering the Irish Bank Debacle post-2008. I kept doubling down, and the old it can't go any lower argument. Try not to catch too many falling knives. Make a list, let it all shake out. Things "probably" won't go on like this forever.
I exited the markets for most of the decade after 2012, when alot of my hodlings were finally breaking even. One of the stocks I remember fondly was [GLW.](https://www.marketwatch.com/investing/stock/glw) I held that thing forever, broke even plus dividends. Now look at it... I had it for like $14 it's $136.81 today.
Hope this helps a little.
[No Touchy Paper-hands...](https://preview.redd.it/pjf5v570morg1.png?width=1072&format=png&auto=webp&s=703c6a7edc4596fb0e1d00de1a581e7b18487d16)
Yes, I paid too much for that long put. My newb ass... Heh.