It seems I cannot make a good trade to save my life (down 55k) 20 y/o

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    Posted by Legitimate-Listen-72

    33 Comments

    1. OppositeArugula3527 on

      It’s the biggest bull market since the 90s. I don’t know how you’re losing money. Stop trading, just put everything in a basket of tech and don’t touch it for 10 years.

      Also, go read up on chaos theory. Markets are not predictable.

    2. Acceptable_Answer570 on

      Those are not multiple trades… it’s the same damn bet multiple times, and you bet wrong.

    3. You bought Tesla puts when its up 10%. What a Regard![img](emote|t5_2th52|4271)

    4. RyanCooper510 on

      If you want a good life with money, stop gambling and invest in good companies

    5. HiroPr0tagoni5t on

      If you genuinely don’t understand what’s going on i’ll do you a quick favor as I browse Reddit and monitor some plays. That $240 Put Option is almost in the green already (>!currently higher than your avg as of this comment!<), and you have 2 days before expiration.

      If you genuinely believed it would go down for reasons x, y, z just hold. Panic selling due to not understanding the volatility of playing options is the easiest way to lose money.

      NFA – i’m neither a bear nor a bull, i’ve made (and lost) money playing both sides. It doesn’t matter which trading strategy you pick, only thing that matters is how you time your entry/exit.

      *EDIT: i’m an idiot, I haven’t used WeBull in a while and mixed up the options’ avg cost column with its current market value.* Still not *impossible* to come out green… but good luck OP🍻

    6. This is the most scatter-shot strategy I could have imagined. It’s as if you read a Reddit group and saw people saying “puts on tesla” and just went randomly clicking buttons that matched that description.

      Fortunately, your contracts go through July 24, so there’s still time to either get out or maybe the stock really will come down and you’ll see some return. (But I doubt it.)

    7. SwearImNOTacuck on

      Nobody gives a shit about your age lol you’re the moron who is gambling. Just be better

    8. ManyCommunications on

      Mother fucker didn’t even make multiple trades. Literally the same fuckin trade just multiple times

    9. Can’t make a good trade? You’re buying nothing but puts on a single stock where the sentiment is heavily shifting. Never bet against sentiment

    10. itsjustafleshwound79 on

      it took me getting kicked in the balls with a $9k loss before I embraced risk management.

      Insanity is doing the same thing over and over again and expecting a different result

    11. If I had 50k last year when I was 20 I would have 65k today… just buy ETFs guys

    12. PoopholeLicker on

      Man don’t touch Tesla when it’s on it’s bull runs, Tesla is not an easy to trade stock. Stick to something more predictable and safer

    13. retard_trader on

      If you earned 55k working and saving money, I’m so sorry bro.

      If daddy gave it to you, you should definitely double down, these will print.

    14. I am convinced puts are the easiest way to lose your money. If you don’t like a stock, just don’t buy it. Don’t bet against it. The reason for that is if you simply browse this forum, you cannot account for the vast number of dumpster diving, bag holding regards who will still buy a shitty stock based on rationale that only Joe Biden could translate. I mean, I only buy puts on known dumpster fires like $PTON pennies after a run up. If you have to buy options, which you don’t, buy calls if you have at least 4 good reasons why you should.

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