Losing good money because of stupid 0DTE near the close contracts. Low capital on the new account ($500). Lost 8% of that today. Any help would be nice for a new trader regarding a good strategy you use or whatever. I just need advice.
Best strategy for Long calls and puts
byu/Material-Degree-1386 inoptions
Posted by Material-Degree-1386
3 Comments
long 0DTE are a losing strategy because of the time decay. If you want to day trade you’re better off trading stocks or futures. Use options for swing trading or hedging.
The market isn’t an ATM. It’s a skill you have to learn, just using someone else’s strategy won’t work. Buying calls/puts 0dte is about the worst trade you can do before learning market awareness, you have to be right on direction and there’s no room for adjustments if you aren’t.
Put/Call debit spreads