I made my first options trade today. Bought a 0DTE NVDA $180 call this morning for $166 and sold it a couple hours later for $193. Profit was $28 which is about 17%.
It was purely luck. All I really know are the basics of how trading works, but I want to actually learn strategy.
If anyone has specific resources that are useful and trustworthy, please send them my way.
A few things I’m curious about:
• How do you decide when to cut losses vs hold longer?
• Do you trade 0DTE regularly, or stick to longer expirations?
• What exact methods do you use to predict which contracts to take (chart setups, indicators, news, order flow, etc.)?
• How do you size positions so a loser doesn’t wipe out a week of gains?
Looking to build actual structure around my trading and hear what works for people with more experience. Thanks in advance.
https://www.reddit.com/gallery/1n2vkvz
Posted by alehqndro
3 Comments
Today is Thursday, it wasn’t a 0DTE call. The call expired Friday.
I would start with spreads 1-2 weeks out if you’re not going to paper trade. You can still get good risk to reward like three to one, and it’s not gonna evaporate suddenly like a short dated call or puts. If you don’t understand what I’m talking about then I highly recommend starting from the basics. I listened to most of the options alpha podcasts which can give you a good base understanding, and then I listen to a lot of tasty trade options trading concepts show. At first, you probably won’t understand most of what they’re saying. Once you do then you’re ready to go.
i hope it ends green so i can go short
profit off of the short term bear trends