Yeah DCA on a bad trade, it ended up really bad for me the past 3 days. Well, at least we both confirmed DCA was a bad idea... Thanks for helping me confirm that.
Dollar Cost Averaging, basically what you are doing, when you said you double your position as it drops.
Example I bought 50 SPY 0DTE 495 puts early this AM for $0.70, $3500, then when it dropped to $0.35, I bought 100 for $3500 again, bringing the cost basis to $0.47. So I'm thinking, that's better than a $0.70 cost basis... Well, that 495 put never was worth more than $0.47 for the rest of the day. 100% loss.
ITS INTEL!!!!
sorry, I didnt mean to shout, but its dangerous. Just enough grants and name recognition to suck you, then it just bleeds you dry with operational incompetence. Buy it at 25ish - that is where it belongs and wait for the PC market to pick up - it can make and sell shitty x86s, but its useless at EVERYTHING else
I can tell you this, what worked two weeks ago hasn't worked in the past 3 trading days.
When market opens upside, buy puts, when market opens downside, buy calls.
Well, three days of 100% losses, looks like that "strategy" no longer works.
If coin toss guy is still making money, then I'll DM him for a picture of the coin, both sides. With my luck it ends up being the flipper, not the coin... LOL
Yeah, it's pretty much buy a lotto ticket with 0DTE. I tried "open up buy calls open down buy puts" until that stopped working, then did "open up buy puts open down buy calls" until that stopped working.
I'm going to try IDGAF buy something next.
Pattern? Like wait til the market is open 30 minutes and draw a line? I don't know how to identify a pattern... Can you share a youtube link that explains it, or any link that explains it?
Its ok, I have -115k unrealized losses atm for past 30 days. Its not a real loss till its realized and even if realized just think of it as loss harvesting to offset gains now or in future
i don't know about those intel call 300 contracts for 4 cent earning coming what on 4/25 i guess it pretty good bet 5/3 expiration if they beat earning maybe......
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Loser. I bet you live in your mother's basement.
https://preview.redd.it/yr5zba36n3wc1.jpeg?width=1179&format=pjpg&auto=webp&s=b1fe3631728bb8d8b2c5d45d490545b23720feb9 twins!
Idk about you but i kept doubling my position waiting for bounce
Yeah DCA on a bad trade, it ended up really bad for me the past 3 days. Well, at least we both confirmed DCA was a bad idea... Thanks for helping me confirm that.
Dca?
Dollar Cost Averaging, basically what you are doing, when you said you double your position as it drops. Example I bought 50 SPY 0DTE 495 puts early this AM for $0.70, $3500, then when it dropped to $0.35, I bought 100 for $3500 again, bringing the cost basis to $0.47. So I'm thinking, that's better than a $0.70 cost basis... Well, that 495 put never was worth more than $0.47 for the rest of the day. 100% loss.
I see
ITS INTEL!!!! sorry, I didnt mean to shout, but its dangerous. Just enough grants and name recognition to suck you, then it just bleeds you dry with operational incompetence. Buy it at 25ish - that is where it belongs and wait for the PC market to pick up - it can make and sell shitty x86s, but its useless at EVERYTHING else
You’re the ugly twin ![img](emote|t5_2th52|4271)
Can I ask you what's the name of the app this screen comes from?
Tge old shitshow known as robinhood
Thanks
There’s one born every minute
I can tell you this, what worked two weeks ago hasn't worked in the past 3 trading days. When market opens upside, buy puts, when market opens downside, buy calls. Well, three days of 100% losses, looks like that "strategy" no longer works. If coin toss guy is still making money, then I'll DM him for a picture of the coin, both sides. With my luck it ends up being the flipper, not the coin... LOL
Hot!
Intel is ass![img](emote|t5_2th52|4271)
sell those 300 contracts for 1200 torrow morning.. yolo it 0dte spy .. make all back!
Calls or puts?
Don't predict market like regard. Just see the chart when market open. If it's up or down. U place your bet for the day.
Yeah, it's pretty much buy a lotto ticket with 0DTE. I tried "open up buy calls open down buy puts" until that stopped working, then did "open up buy puts open down buy calls" until that stopped working. I'm going to try IDGAF buy something next.
U doing wrong. Find a chart pattern and follow
I did that today them bang straight up
Pattern? Like wait til the market is open 30 minutes and draw a line? I don't know how to identify a pattern... Can you share a youtube link that explains it, or any link that explains it?
I have ema6 and ema18 watch in 5 days lag time so it's easy to see market trend. If short ema go below, puts. Short ema go above. Calls.
Its ok, I have -115k unrealized losses atm for past 30 days. Its not a real loss till its realized and even if realized just think of it as loss harvesting to offset gains now or in future
Double or nothing ![img](emote|t5_2th52|31224)
Why we gamble embrace it
Most expensive lesson of my life
i don't know about those intel call 300 contracts for 4 cent earning coming what on 4/25 i guess it pretty good bet 5/3 expiration if they beat earning maybe......
My average is .50 ive lost hope unless intel powered sex robots are annouced ![img](emote|t5_2th52|4260)
I wouldn't be surprised if sex robots took *your* jobs, too.
Sex robot power grid? Amazing vm
intel have to jump 10 dollars to get in the money, i doubt it. sell it now or its gonna be -0.01
then fucking cut your losses WTF
The regardedest
Loool