Quote (ChocolateCoveredGummyBears @ Mar 8 2024 08:07pm)

Nope I sold

When nvda got to 970 I added more to my 855 puts (12 more contracts). Cost basis went down to 0.52 from 1.08 and figured I'd be able to get out on a nice drop. The puts were -85% already (0.10 value) so I said what the hell
Sold them at 0.42 on the first drop and was happy to get out at a small loss instead of a 99% loss

Sadly, those puppies went to 3.50 on the mid day drop. I had a 960 put I bought at 8.20 and sold at 9.50. That put went to like 79.40 😭

That's what happens to quick profit taking, I can't hold long enough. Once I see $50 to $100 I'm taking profit. Downside to that is you can lose out on massive gains

My cash account is now at 3.1k. webull gave me 3 good faith violations too, so I'll unfortunately be trading less now. But that's fine. Wanna see how far I can scale this

Edit: just want to add, the ability to average up/down on options is kinda regarded, however, it's really nice on webull because the commission fees are insanely low. I did that on lightspeed last year and got reemed on fees. 3k in 3 months just on option fees. I was like oh hell no. I was trading qqq 0dtes too and they charge a shit ton for ETF options

Quote (DonMario @ Mar 9 2024 07:24pm)

Damn sorry to hear that, if it makes you feel any better I got some inside info before market opened that someone is jensens circle was selling off when market opens and I totally disregarded that info as our conversation shifted topics and I bought a call later on that day instead like a dumbass lol, currently getting f'd on that call if nvda can somehow manage to hit 1000 by next friday which I thought would happen I'll come out ahead but I doubt it

https://i.imgur.com/pSOuiwy.jpeg
This friend is the only mega sucessful trader I know idk why I don't listen to him when he gives me info obvi he's not gonna tell me his exact position because our acct sizes are completly different ><

Quote (DonMario @ Mar 11 2024 01:21am)

Damn most of reddit has my same tsm and nvda calls... Wouldn't be surprised to see an ago rug pull now >< idk if I double down my position on monday or hedge with puts lol

Quote (ChocolateCoveredGummyBears @ Mar 11 2024 12:45am)

Saw a yt video of where there's a 780m call trade in the options flow for nvda. Some people are saying it's a pure bullish play or covered calls as a hedge. I'm not that versed on how to read smart money, but Jesus what a huge trade. Just another daily reminder there's a huge club out there and we're not in it

Quote (DonMario @ Mar 11 2024 08:29am)

I'm literally watching nvda retire some of my coworkers just off bare stock >< if I got info on what I think is a bullish play I'll post here before market open but based on my current performance if I were you I'd just inverse all my plays lmfao

https://i.imgur.com/bpJurDb.png

Quote (ChocolateCoveredGummyBears @ Mar 11 2024 10:34am)

oh dang. were you up before the nvda calls?

Quote (DonMario @ Mar 11 2024 01:37pm)

Nah I've lost so much fking around with penny stocks like an idiot lol my acct has been in the red since day 1 doing weird shit learning my way around, I'm only giving myself $1500 to learn/gamble with each month but based on last months performance I might just trade like I'm poor and am down to my last $500 lol maybe i'll do better this way and take my stop losses serious, idk it was my first month of trading I feel the knowlege I've learned over the past month was worth well over $1000 and without that money on the line I wouldn't have had nearly the same ambition to study as I have been and holy fk do I drag every comment out sry I get baked af when I get off work><

Quote (ChocolateCoveredGummyBears @ Mar 11 2024 01:51pm)

i feel ya man. trading is a weird thing honestly. it's so much deeper than just the chart. i found it's all about greed more than technical data, candlestick patterns, etc. but just my experience