Lose the battle, to win the war...

Yesterdays close was just brilliant. I mistakenly bought 10x the contracts (puts) that I was looking for (extra 0 in the order). Doing the responsible thing, knowing being over-leveraged in your initial entry is suicidal, I sold 90% immediately, and ate the spread. Sheesh. I was fully expecting a gap down, but hanging on to all of them would have been purely speculation and I would have started "hoping and praying". That is a game you do not want to play in the markets. If you find yourself crossing your fingers, hoping, or praying, you are over leveraged. Sell down.
I knew I would not be able to absorb the worst possible scenario with that initial position, so I took one for the team, sacrificing the battle to win the war.