Sold AAPL, 155AUG Put

This is a good example of a trader (me) who have forgotten his discipline and have been too stubborn to admit his mistakes. I opened a Put position in AAPL without researching/reading the latest news that Apple was about to report its earnings. The morning of the announcement the stock showed some weakness and I thought the trade would work in my favor. It was if I did get out that day. But I was so confident and did not even bother to research. After market Apple reported a 15% increased in profits and the stock shoot up rapidly.

I was caught and was frozen the following day. I'd like to sell its the right thing to do but my ego is telling me to brave it out. So, I did for four consecutive days I've been watching AAPL moving up in price despite of being too overbought.

Last Friday I can't take it anymore, I have to stop the bleeding and protect my capital. I sold my one Aug155 Put position in AAPL for $3.15 for a loss of -$565.50 including trade fees.