Last week i bought bunch of SPY , NVDA , AMD, AMZN calls expiring this week and sold all of them at loss cuz i was pussy ass bitch

    On friday i switched to puts ( TSLA , NVDA, SPy, AMD) cuz i believe the bloodbath would continue over the weekend

    And again, i was wrong. If i didn’t close my calls, it’d would turn into 25k gains instead of -10k unrealized losses. FML 🤦‍♂️

    https://i.redd.it/frwawsuaz2ed1.jpeg

    Posted by Loud_Pineapple_4294

    38 Comments

    1. Market was way over sold, Monday is usually a bounce day, you need to start using RSI and making smaller plays instead of looking for big wins

    2. Typical fomo buying after the move. Learn from your dumb mistakes and stop gambling.

    3. Anybody that thinks “shoulda, woulda, coulda” shoulda not have gotten involved with options

    4. GreenManDancing on

      don’t you know? always inverse yourself. Can’t lose. Unless, you should inverse your inverse move, in which case, well, shit happens.

      ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)

    5. If in doubt just always reverse yourself OP ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)

    6. NoDiscussion9873 on

      Whipsaw 1
      OP 0

      it’s a fucker, but sticking in a lane to give your bets some time to work is needed.

    7. DesignerSale7560 on

      Take longer term positions where you have the time to wait stuff out. Whipsawing is a death sentence with short term derivatives

    8. imrickjamesbioch on

      I can’t stand TSLA but im not touching that meme stock with a 1000 ft pole. All that dickhead Musk has to do is say robot and the dumbass Musk Stans will gobble up more stock to make him rich.

      Eventually the stock is gonna crash but I don’t have the $$$ to wait out when that will happen…

      Also, bad choice on NVDA with the shit week the stock and the rest of the semiconductor sector had last week. Either way, best of luck OP!

    9. Redditaccount2322 on

      Stop trying to guess where the market is going on a short-term basis. Instead have a thesis and buy your positions with conviction. I’ve made this mistake, generally selling for much smaller gains than I should have. Come up with an entry / exit plan and stick with it.

    10. My regarded thoughts. You need more time in the market and less burning money. Not advice but I would make less bets on 5 different stocks. Pick one or an ETF. Watch that bitch like it’s your first child. Go days and weeks without trading. Watch the stock and the market and what happens when one goes up or down. Eventually you’ll build a theory and not just throw money to the wind. Test the theory with small money. When it works go bigger. News is over hyped in the market. May pull the market down today, doesn’t mean it will continue. It’s more likely it won’t continue. Again, I’m very regarded so do what you will with this.

    11. Well make sure to close them today and buy calls so my puts can print tomorrow 

    12. uWu_commando on

      Brother I diamond handed my calls through all that shit last week.

      Buy your options months out, you have the money.

    13. Affectionate_You1219 on

      lol u did the thing we all joke about doing… it’s okay I think most of us have been there in some way at some point.

    14. NaorobeFranz on

      I wouldn’t panic just yet. I’ve seen stocks dive 50%, but afterwards they rise exponentially. CMG fell from food poisoning complaints a long time ago. Look at where it’s at now.

    15. xxChristianBale on

      Happens to the best of us. I took an $80k loss on PYPL that had I held like 2 more hours would have been over a $150k gain. Jpow speech at Jackson hole a couple years ago. That def hurt but you move on.

    16. jus-another-juan on

      You mean the market goes up and down? Welcome to the casino, have a seat

    17. Look man
      I am still trying to break even after my initial euphoria plays now I am only -13% from -20%

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