Backstory, im currently in Australia so market hours for me are 2130 to 0400.
The last 48 hours for absolutely no reason at all other than pure degeneracy, i spent both sessions aggressively averaging down 0dte puts until profit.
Session 1 – 26th
Not only did i use my entire port averaging down the 651p, i was that regarded that when it kept dropping i decided to load in another 2k. Ended up watching it drop to below -30%. And then the magic happened. Sir Mangos press conference. I left a whole lot of dollars on the table here, exiting for just over 100% gains on my port and finally reaching all time green again but i just couldnt handle the stress, plus i had to wake up for work in about 2 hours.
Never again i told myself.
Session 2 – 27th
Absolutely running on fumes with basically 0 sleep, i check SPY and think, “a few 0dte wouldnt hurt, after yesterday i can afford to gamble a few $100s”. Fast forward an hour or so and ive gone from 3 x 637p to all of a sudden ive averaged down and im sitting on 100 contracts. Watched all my previous days gains get wiped, but out of pure stubbornness, stupidity, and sleep deprivation i held on and managed to close for easily my biggest day ever +10k which amounted to almost doubling my entire portfolio again for the second day in a row.
I think ill sit monday out, maybe.
https://www.reddit.com/gallery/1s5s099
Posted by FriedCheeseSanga
2 Comments
You gotta turn options off on your robinhood or else you’ll keep gambling big amounts. One day soon I’m gonna turn options off on my account
This is peak WSB behavior and also the exact reason my hair is thinning in my 20s 😂
Two green days like that in a row means the market gods are 100 percent lining up a “lesson” for you next, sitting Monday out might be the smartest trade you ever make.