I rode this thing from a spectacular profit to an even more...

I rode this thing from a spectacular profit to an even more spectacular loss.

I'm out and I already feel better.

Lesson learned.

Don't fight the trend

Believe and act on the macro that is painfully obvious but slower to filter to the stock price.

Keep an eye on management. When Cripp started spending I should have bailed.

Don't bet on equity over debt in a segment going backwards.

This last point is critical. I have another position where if the company survives long enough the macro is great. This is not the case for BLY.