lmao

stop I can't

Sold my June dis and spy puts for a profit.

I made money but tbh i believe there is way more downside. I need to learn to not take profits too soon, not sure how to retrain this instinct. There are more than a few names that i've sold call/puts for like a 20-30% profit and if only would of waited another week that gain would of been 100-200%

You cant play that game with yourself unless you’re willing to ride out risk. This is a crazy market with sharp turns everywhere. Did you have any indication your position would go up another 100%? Then again i dont trade options

^thesnipa sold his btc he bought last month for 4.5k at 7.2k i still have what crypto i got at the same time and btc is at 8.8k. It’s foolish to say he made a bad decision

shell cut its dividends by 67%. damnit! oh well at least im up from where i bought

i have a few piles of crypto coins that i could have sold off for a small profit that now ill have to hold for a year or more. so ya, u can sell off too early and miss profits or sell off too late and hold forever. or sometimes hold and it pays off. im just skiddish now, if it spikes then goes flat for a month i'd rather sell off than wait an extra month for a second spike. especially when it was a big draw from my checkings account just to turn and burn, fuck waiting 2 months for my wife to stop chirping. id rather hand her a few grand and say "i bet big on a btc spike and it paid off, sorry i didnt tell you but u can buy some shit if u want".

I had PSX, XOM, CVX calls and essentially settled for 20-30% gains when my hypothesis was that these oil plays will bounce much harder. For example PSX my target was 75/share, yet i sold the calls at 61/bucks a share.

I guess you're right on the risk tolerance. Options you could lose your ass in a manner of a day or two. Like my dis/spy puts i was down like 600 bucks before swinging to a positive 500 this morning. I think SPY will fall further but once again i'm settling and locking in the 20-30% profit because i'm scared of not losing my ass.

Spy calls 293 again next week expire

Fake ass bull market but I think it’s still by the dip time for the short term

(Still holding July spy puts)

This post was edited by Bazi on Apr 30 2020 08:49am

I don't think you should retrain that instinct. Feeling bad about a 20% profit is nonsense.

ya but this is like if someone said "pick a hand" and u did, they opened it and handed you 20$. then put 200$ back in their pocket from the other hand. u just lost 180$ on a coin flip, feelsbadman.

i mean 20$ is 20$, just ask fender, but still sucks. i dont get excited about 20$, 200 and i can buy something substantial.

Options ofc we can’t be right all the time have your limit stops. Mine personally is -30% I exit position no matter what. +100% I exit position no matter what. Rest has to do on when your options expire etc.

What we really need to do if/when major correction happens is take a major stake in spy <200 hopefully and just sell calls/puts for weekly premium. No vega stress , no theta stress



Prob is options 20% difference either way can happen in an hour

This post was edited by Bazi on Apr 30 2020 09:20am

Yeah, it feels bad when you realize you could have gotten more, but you're also exposing yourself to substantially more risk. Be careful about cognitive bias. You only remember the ones you would have won.

Remember that you could have always picked the third hand that lost 50%

This post was edited by Thor123422 on Apr 30 2020 09:53am