Close Menu
    Wall Street

    More loss porn from today: -$10k account blown SPX 0DTE

    It was swift, it was instant, it was brutal – last 2.6k full port into puts right before that lovely little manipulation pump we had today. Instantly -96% within minutes. Thought 'fuck it' might as well hold till close, and let that shit go to zero.

    Taking a break and re-assessing everything. 0DTEs are really hard to control without pre-planned bracket orders, which are not available on Robinhood. Thinking about returning to boring single contract trades on the Dow, $1/point with fixed TP and SL entered prior to entering, available on another U.K. CFD broker.

    But for now it's time for a break.

    And see that spike from about a month ago? I Actually recovered from a 50% drawdown back in February using 0DTE SPX and DJX options, single contracts at a time, much more 'sensible' trading.

    Today I got fucked. And it was rightly deserved.

    https://www.reddit.com/gallery/1savsub

    Posted by hudson701

    23 Comments

    2. TinyDelegation on

      bro never do 0dte. the house always wins more times than not. Buy far dated ITM contracts with high delta.

    7. mewantmillis on

      This happened to me too today! Idk what made me by puts instead of calls this morning. Maybe because the market has been dumping for weeks. Anyways, I wish we were both on the other side today (calls)

    9. TomatoSpecialist6879 on

      Do you ever just have a thought like “Surely there’s fuckery going on, let me follow it instead of trying to bet against a trillion dollar cartel”

    11. Crowleyer on

      “recovered from a 50% drawdown back in February”

      One lucky day saved OP. 
      OP: Im so good at this game, lets gamble everything. Hehe 
       
      There is an elephant to address in this post, but its wsb, so see you next week in the casino. 

    13. RothTo0DTE on

      A few things: that pump was off an upside move that was already in progress. There was some consolidation prior to that (also off an upside move). And 650, if you look on a real chart, is what I would call a major level (lots of buy/sell over some time going back as far as last Aug). Bad spot for puts.

    19. Ambitious-Pop4226 on

      Don’t worry I didn’t even get to sell my puts from last night went from hero to zero real fast ..soul crushing

    22. GrossFleshSack on

      i wanted to laugh at you and think you are dumb but then i remembered about my own losses. stay strong! remember to enjoy life

    23. Otherwise_Emu_542 on

      Lost 14k over the last 3 days… 18k to 4k. Got to 18k in a week trading 0 dtes. Back to 4k trading 0 dtes. Its the double edged sword.

    Leave A Reply
    Share via