Never trade on days like today and end up losing all profit made. sometimes it is better to sit out and watch on days like this..i learned hard way as well after losing few weeks gains last couple days and today am spectator. so calm and nice
Loperenco on
You bought today or didnt sell at open?
Sorry for your loss either way mate..
dont_ama_73 on
Wait, stonks dont always go up?
Agreeable-Spare9195 on
Dude you would have had great profits this morning. You got greedy and got burned. I had 579 puts and dumped them right away.
Totallycomputername on
You mean you gave someone a months worth of profit today. Your a very nice person.
mist_kaefer on
FUCK YOUR PUTS. FUCK YOUR CALLS.
TACO DADDY GOT YOUR BALLS.
TheNicestRedditor on
Me too brother me too…
BiggieMoe01 on
Craziest bear trap ngl
Puzzleheaded_Hat7298 on
Take that $700 and buy some Amd 220s
Anxious_Hornet4 on
Just for any newbies getting into this
This is the trajectory of every day trader / options trader in retail
The % of profitable day traders over long term is like 1%. Options are even more difficult so it’s likely less than 1%
Anyone can hit a lucky streak for a month or even a while. Eventually they all get burned.
ispreadhatred on
Sell it so it comes back down
Antifragile_Glass on
Congrats
Tight-North-6157 on
the month goes in 4 hours. the 4 hours felt like 4 minutes
Nakedputbuyer on
Going to hurt a lot when we’re down 2% monday
Critical_Virus_9341 on
Never go full retard
Aranthos-Faroth on
Skill issue
PolyglotGeologist on
I’m curious, when someone loses their options one way or another, what happens to that money? What about when they win, where do their winnings come from?
I get where the initial investment comes from — usually working, inheritance, business, etc.
Unlucky-Present6686 on
that hurts, no way around it , but letting it expire hoping for a reversal is usually how losses turn into full wipeouts like this. the bigger issue here isn’t the market, it’s sizing and not having a hard exit, when one position can erase a month of gains, risk is too concentrated. take the loss, step away, and reset. next time define the max loss before entering and stick to it
this kind of hit happens to most traders once, just make sure it doesn’t become a habit
Intrepid_Library878 on
i started my day with my 10x overnight spy calls being at .10 cent.. and i said fuck it lets sell it better 100$ than zero 🙄 1hour later the would have been at 2$ ..
so it CAN happen ^^
imunfair on
Yeah I’m surprised we’re almost even today. Maybe the last hour will sell off, but it’s weird anyone would want to hold going into the uncertainty of this long weekend.
lithe_silhouette on
On Tuesday we opened qqq almost 2% up in this shit environment with a few wars going on,I listened to the Iranian Parliament guy and shorted it. 20 minutes into my position, almost 100% up, some other Iranian fucker says he’s ready for peace, qqq goes up to over 3%. I buy puts for today, 2dtes, thinking it would drop at least a bit, but revenge trading never works and it pumped another 2% yesterday, sold at over 50% loss.
Today I see we open -2% on qqq, I’m about to buy calls then I remembered how fucked I was when it was +2% and got puts. I do nothing and it jumps 2% in 10 minutes. It’s all a gamble, only way to get ahead is to manage losses from now on I’m opening a straddle every day especially on this space stocks that always move 10%. Trying to guess the direction is a losing game, people hit it big and make a story after about why it worked
ExcitingPackage1301 on
you and me both brother. this is so retarded but we all know the saying
Ancient_Influence389 on
I have a 1% stop loss on all trades. So I spend almost a year, working hours analyzing markets, trends, following trading rules. So when I lose -96% it takes 1000 of hours of hours and hundreds of trades. So your trading method is still more effective than mine.
AcademicStandard3701 on
Even bulls didn’t see this coming
Ok-Acanthisitta-5270 on
Best thing you can do – sell options. This is a fantastic market for that strategy.
TransitionAway9840 on
We opened below the lower expected move. There was really only one way for it to move if it was going to move. You would have needed complete capitulation today for more downside. Do you calculate the expected moves before the day starts?
34 Comments
Ouch
https://preview.redd.it/n0y0bh8rntsg1.jpeg?width=1284&format=pjpg&auto=webp&s=6380d23522903a56be265633641a805cc8ae8d8c
If it makes you feel better, nobody was expecting it. Not even the bulls
Yeah, crazy how fast it popped back up, then traded sideways all day.
It’s ok bro you can make it back. I believe in you
https://preview.redd.it/dkfjmrvtotsg1.jpeg?width=532&format=pjpg&auto=webp&s=d6473a13bfdaa004331b8a6cc18379eb612ed412
Someone’s loses are other one’s wins.
No hedging?
Never trade on days like today and end up losing all profit made. sometimes it is better to sit out and watch on days like this..i learned hard way as well after losing few weeks gains last couple days and today am spectator. so calm and nice
You bought today or didnt sell at open?
Sorry for your loss either way mate..
Wait, stonks dont always go up?
Dude you would have had great profits this morning. You got greedy and got burned. I had 579 puts and dumped them right away.
You mean you gave someone a months worth of profit today. Your a very nice person.
FUCK YOUR PUTS. FUCK YOUR CALLS.
TACO DADDY GOT YOUR BALLS.
Me too brother me too…
Craziest bear trap ngl
Take that $700 and buy some Amd 220s
Just for any newbies getting into this
This is the trajectory of every day trader / options trader in retail
The % of profitable day traders over long term is like 1%. Options are even more difficult so it’s likely less than 1%
Anyone can hit a lucky streak for a month or even a while. Eventually they all get burned.
Sell it so it comes back down
Congrats
the month goes in 4 hours. the 4 hours felt like 4 minutes
Going to hurt a lot when we’re down 2% monday
Never go full retard
Skill issue
I’m curious, when someone loses their options one way or another, what happens to that money? What about when they win, where do their winnings come from?
I get where the initial investment comes from — usually working, inheritance, business, etc.
that hurts, no way around it , but letting it expire hoping for a reversal is usually how losses turn into full wipeouts like this. the bigger issue here isn’t the market, it’s sizing and not having a hard exit, when one position can erase a month of gains, risk is too concentrated. take the loss, step away, and reset. next time define the max loss before entering and stick to it
this kind of hit happens to most traders once, just make sure it doesn’t become a habit
i started my day with my 10x overnight spy calls being at .10 cent.. and i said fuck it lets sell it better 100$ than zero 🙄 1hour later the would have been at 2$ ..
so it CAN happen ^^
Yeah I’m surprised we’re almost even today. Maybe the last hour will sell off, but it’s weird anyone would want to hold going into the uncertainty of this long weekend.
On Tuesday we opened qqq almost 2% up in this shit environment with a few wars going on,I listened to the Iranian Parliament guy and shorted it. 20 minutes into my position, almost 100% up, some other Iranian fucker says he’s ready for peace, qqq goes up to over 3%. I buy puts for today, 2dtes, thinking it would drop at least a bit, but revenge trading never works and it pumped another 2% yesterday, sold at over 50% loss.
Today I see we open -2% on qqq, I’m about to buy calls then I remembered how fucked I was when it was +2% and got puts. I do nothing and it jumps 2% in 10 minutes. It’s all a gamble, only way to get ahead is to manage losses from now on I’m opening a straddle every day especially on this space stocks that always move 10%. Trying to guess the direction is a losing game, people hit it big and make a story after about why it worked
you and me both brother. this is so retarded but we all know the saying
I have a 1% stop loss on all trades. So I spend almost a year, working hours analyzing markets, trends, following trading rules. So when I lose -96% it takes 1000 of hours of hours and hundreds of trades. So your trading method is still more effective than mine.
Even bulls didn’t see this coming
Best thing you can do – sell options. This is a fantastic market for that strategy.
We opened below the lower expected move. There was really only one way for it to move if it was going to move. You would have needed complete capitulation today for more downside. Do you calculate the expected moves before the day starts?