As much as id like to play safe and i hvae an understanding knowhow – i dont even have the cash to day trade. Im under 5k. My issue is on a couple occasions i didnt take profit when i really could have. Most of my trades are extremely good, but it only takes one lemon to wipe me out.
I allowed some options to expire worthless last week and it was a shitty feeling, but i had a very strong belief they wouldnt. When i figured out why, i predicted the high on the next big trade perfectly, to the cent. Im down $300 becouse one lemon, despite several huge winners. A big zero is terrible.
Ive traded off and on over the years and studied options extensively, but im playing with a hand tied behind my back until i get 25k. My job pays enough for me to reload once a month if i need to. But this is my philosophy for now.
I have an extensive understanding about options.
It is very time consuming to make great trades
Playing more trades with less strategies to use and limited day trading, leads to a higher chance of failure. Therefore, all-in plays make sense for anyone under 25k
Im all in on every play until i have a good bankroll
byu/Thebaxxxx inoptions
Posted by Thebaxxxx
6 Comments
nice man
can I have some sauce with the fries
Indices? Single stock? 0 DTEs? Calls? Puts? Spreads? You said so much yet so little about your extensively studied options positions and strategy
Good luck with that.
Such extensive knowledge on options, yet, not knowing what a cash account is.
Good luck
My advice would be to buy more long dates calls/ puts in stock and lock in profit once you are pleased with it or leave it to run if the stock looks like it has momentum.
I started with 3k and i have some good returns, i am over 10k rn in 2 monts.
And do not split these in lots of stock. I would recomnd to find 2 max 3 plays.