Last time i traded was back in 2020/21. In total i ended up losing $7000 and decided to stop before i lose more. Though i did have some very successful trades($20k overnight) overall i was still negative. Lol
Looking back at my trades i realized that some of the stocks i traded back then, jumping in and out over a few days, had actually went up significantly in just 12 months. One had went from $2 all the way to $50.
So getting back into it, I’ve decided to find a survivor stock for a 12 month stay and see what happens. This is since February. I think longer term trades definitely suit me better. Also way less stress.
Though i could lose it all, hopefully next February I realize i made the right call instead of being filled with regret over thinking i know what I’m doing. Lol
https://i.redd.it/6sv1nqv1qlcd1.jpeg
Posted by Vibes-and-Chill
4 Comments
So what your stock laddy?
Yea turns out if you give yourself more than 0DTE for a trade to work you might not lose money as fast 🙂
Keep up the good work!!
Good self-reflection. Everyone probably has their own sweet spot. My main stuff is just in an overall index fund.
But for my “can afford to lose speculative fund” I invest (gamble) with options. My sweet spot is a mix of 1-3 months out plus some leaps. I intentionally only look at monthly expiration options as there is more open interest and volume therefore better liquidity.
It’s tempting to go shorter especially when one of your picks jumps up significantly and you could have gained so much more. But with options, time is your friend. You could be right about a company and direction but off on time and lose everything.