Just wanted to share I guess. Just gonna hold them out at this point and hope for anything. If I get wiped out I’m I guess I’ll have to be build everything. If by any miracle I get some back I will never touch options again.
https://i.redd.it/s8sexocnpgod1.jpeg
Posted by SnooBeans8206
34 Comments
I was gonna say you can learn something from this, but honesty I have my doubts…
Sorry. I get those urges too. Pull half at least. Save something that you can work with.
Rehab is cheaper
“Never touch options again” see you next week
12,000>0
I’d offer you some advice but you would probably fumble it away.
Whoa, that’s a rollercoaster!Remember, the market can be unforgiving, but it’s all about the long game.Maybe take a breather, reassess strategies, and don’t let this one experience define your trading journey.
The market goes up more than it goes down.
Thank you for your sacrifice 
Bro why’d you do that !!
No major economic news dropping tomorrow morning, so these will likely bleed heavy unless we gap down to start the day.
At any rate, I’d cash out whatever’s left on the table and stop buying FDs. You can still work with $4k or whatever’s left if you learn to buy time on your trades.
Right with you brethren
Exact same puts
dude, those 12k can build you a good chunk of money in couple nice trades, to start with “0” is much harder!
Honestly bro , cash out what you can at open . If it was whatever money then let it ride but this is not the case here
That’s hilarious, you should flee the country
Pure greed. Pigs get slaughtered.
Am I a psychopath for not having empathy for people who have no concept of risk management? or knowing when too much is too much?
Right where you belong. Welcome king 👑
Andddd it’s gone
You still have $12,000 to lose
There’s a non-zero chance you can still break even on those. It’s not over yet.
But you should definitely try and sell those early in the day as soon as there’s a dip. At least sell half of them. No reason to ride them all to zero.
Read your comments. Was gone as soon as you couldn’t afford to lose it. Bet enough to be mad not poor.
You bet your life savings against the American economy and expect empathy?
That why you on gamble with money you can afford to lose
It’ll probably dip in the morning so get out quickly. Every dip gets erased so don’t keep bagholding.
Spy’s going to rally tomorrow. Too much of a bullish momentum based on tech stocks. Good luck 👍
Don’t sweat it, it’s only a shitty Mazda CX-30 or a Community College Degree worth money that you lost. My advice is get yourself a 1, dollar frosty and a burger at Wendy’s and start doing to some Uber or Dash to earn some of the money back. Cheer up and if needed jack it to some femdom corn or something.
Dang sorry friend if it’s really messing you up mentally you gotta take it easy at least for a little bit, ik the feeling all too well and you can get right back up, just sell your positions, 12k is still a shit ton in options land and come back refreshed next week
You’re compounding your mistakes now. Cardinal sin for traders. Made a bad trade and then held on too long instead of cutting losses. An expensive lesson
Do you not use stop losses? I cut and run at -10%
Later if I still like the trade I’ll try again at a new lower price
You’ll be fine it happens to everyone, now you’re a trader.
It’s painful but you popped the cherry
Learn risk management
Learn about risk mgmt. Sounds boring as opposed to yoloing. It will save your ass next time. Never put more than 10% of the capital on a trade. Probably practice stop loss too. When I was 20, I didn’t know crap about the stocks and in fact made fun of the charade. I didn’t even understand what different asset classes are and their long term return. Learn about ETFs and read “Exchange-Traded Funds For Dummies”…
Never risk your entire portfolio on one trade, and especially not on 0DTE. I risked 20$ on spy puts tomorrow and even that was a dumb move.
Stick to shares or long calls.