Buying options requires strong mental fortitude and the ability to seize opportunities.
I bought 32 options contracts, and immediately after buying them, the price dropped by 50%. I didn't choose to cut my losses; I felt it was an opportunity I had to seize. After a calm weekend, I checked my account and saw a tenfold return! AMD's surge exceeded my expectations; it was such a pleasant surprise! Fortunately, I seized this opportunity, which brought my precarious account back from the brink of disaster.
https://i.redd.it/fg0civvu5z9g1.jpeg
Posted by Far_Gap_6743
2 Comments
“Immediately after buying them, the price dropped by 50%”
You’ve never heard of a spread have you? Now liquidate your account before you blow it up. It’s not mental fortitude it’s blind, dumb luck.
That’s pretty sick tho
So you’re admitting you don’t trade with stop losses or thresholds at all? AMD worked in your favor, sure, but there will be other times where the drop will continue to -75% or full loss and blow up the trade completely.
Terrible messaging to put out there…