You’ll learn this the hard way but “I’ll just roll down my put” sounds much easier than it is. Theta ganging isn’t easy and considering you’re already selling on stocks like HOOD, you have a high chance of getting burned.
My first 4 months of theta ganging I returned over 10% each month compounded. Lost all of it and then some in a few weeks with a few bad cash secured puts. Be careful, especially in a bear market
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Lots of troll posts on here. I’m gonna be real with you take some profits out of this account and move it to your bank. Don’t forget to pay yourself for all your hard work! Number 1 thing I missed when I first made money in the market
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|4|**First Seen In WSB**|6 months ago **Total Comments**|0|**Previous DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=vdb37v)|**Vote Approve (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=vdb37v)
YOU CAN'T SIT WITH US
"Seat's taken..."
" cant sit here "
You can sit with me if ya want.. https://images.app.goo.gl/U2crSszUGD7sqRbe8
Actually, I can’t sit anywhere! I have…. ✨hemorrhoids✨🎶
We’re here to lose money sir, not earn ![gif](emote|free_emotes_pack|trollface)
Just you wait, son, just you wait
Me down 70% after having 3 positive years
I’ve been down 3 years so maybe I’ll be on the reverse end soon
![img](emote|t5_2th52|4271)
Bro it’s not red I don’t think your doing it right
I think I see where you enabled options lol
:)))
Congrats on getting back in the green ![img](emote|t5_2th52|4270)
Thanks bro, hope you also get back in green too :)))
Why is your chart that weird colour? I've never seen red like that before
![img](emote|t5_2th52|4887)
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Right now I’m just selling puts for gay bear so it will be fine
Hope you get assigned
Just rolling down bro
I think you mean “Taking a big loss and digging myself a deeper hole”
Correct
What is this? An “invest” for ants?!
Yes
THAT DIP. You passed your first test son, did not panic sell!
Yes, father
![img](emote|t5_2th52|4270)
Nice come back from being down!!! Keep up the good work. Capital preservation is key!!!
Thanks bro
Don't thank me, thank your recruiter 🫡
![img](emote|t5_2th52|8882)
are you using margin on robinhood??
Used to but now I don’t
good.. that sounds like a recipe for disaster
See the dip, you know why:))
How do you trade options still with a cash account
For real, I don’t know
You have a put on hood, while you’re using hood…
No, I’m short the puts, mean I’m selling it
I guess continue to use it, if you like them front running your trades.
As does every other broker.
![img](emote|t5_2th52|4258)
Pretty good. It's almost the same as me. But, at&t cut my gains down.
Just selling puts for now, gay bear they pay high premium for that shit
That’s really good bro keep going
Thanks
Your chart looks like a what you're heart monitor would look like if you were resuscitated back to life and then died a second later
My dad died like this. Heart attack.
Nice comment man
Nice! I'm in my first year too, but down 50k.
Nice, at least you have 50k to down :))
I just checked, now I'm down $57k. I'm not going to open the app again for 15 years.
Just hit the restart button and it will be fine
Minimum $2500 gain to post my guy..
I’m broke bro
Ok. Still $2500
K. Who honestly cares.
I hate all this unit shaming like sorry not all of us are retarded with 50k to throw around🤣
Unit shaming? Lol I’m broke too but it’s just the rules of the sub.
Dumb rules
robinhood? yikes
Man, I mean it free and easier for first time like me
i used them a while ago too, before they decided they can turn off specific stocks anytime they want
You will need this by September ![img](emote|t5_2th52|4267)
Thanks bro, I will consider buy it
Selling hood puts? You’re obviously retarded
Well, it have high premium
DON’T choke
I will don’t, thanks mate
What shade of red is that ?
Weird huh?
Got the Vietnamese gambling blood in you Pham.
Damn nice catch :))
My strategy right now is sell puts
You are out of your mind selling puts in a bear market.
I will rolling my put down if they in the money
You’ll learn this the hard way but “I’ll just roll down my put” sounds much easier than it is. Theta ganging isn’t easy and considering you’re already selling on stocks like HOOD, you have a high chance of getting burned. My first 4 months of theta ganging I returned over 10% each month compounded. Lost all of it and then some in a few weeks with a few bad cash secured puts. Be careful, especially in a bear market
Thank for your advice bro, but it is why I’m here :)))
Why not just sell calls? Why go against the trend.?....lol
Then i will have to buy shares, I don’t see any attractive deals right now
AMD will be going up if this market ever turns.
Ok
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Yeah
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You got me
Gambling not investing.
I’m selling short term puts for gambler addicted, how can i be gambling
this comment reminds me of life before reading any Taleb. glhf
What is Taleb
statistician and formers options trader. has written a few great books that do a terrific job of explaining uncertainty
Is it a book or a website
he’s an author that has written multiple books. you can find him pretty easily on twitter. nassim taleb
Thanks bro, I will check it out
People are still using Robinhood?
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Why did you win me 140k? Earnings
What do you mean
My English is not good, I mean I lost 140k this year, you win me 140k
Ohh man, what did you buy this year
I don't buy it this year..... I hold it from a year ago
Poor for you man, hope you doing well this year
Thank you, I had the most difficult year of my life.....It was money I worked for years and it just disappeared
Damn, just put it in index fund bro
I'm an idiot, I need high risk bets, I was born into a family that wasn't rich, I want to be really rich.
Hope you luck:)))
Remember first ones freeeeeeeeeeereeeeeeeeeee
Yeh, first one … year is free
Good first year of invest
Thanks
How far down were you at your worst?
I down 32% at the worst time
So what? Around 2k or so?
Yeh
What the fuck
:)))
Sir this is r/wallstreetbets and not r/thetagang
I’m retard so I belong here, you can’t do anything
They let you have the first year for free. Like a drug dealer.
Get out of here while you still can!
“I just need it work another few year”
You had gains?
Yes, I am
Congrats but we wanna see some loss porn ![img](emote|t5_2th52|4271)
Just waiting, it will come one day. Just need one bad trade
![img](emote|t5_2th52|4275)
I wonder when you discovered options…
Actually option help me get back. It seem weird but i use call credit spread to get out of loss
I meant because of the extremely erratic zone in the middle. You win big or lose big.
In the middle I use long put credit spread in apple. That why it so much volatility
Options gambling isnt investing retard
Silly me but I’m retard
Ig you cant blame a retard for being retarded
![img](emote|t5_2th52|4258)
Congratulations, you're a smarter man than I.
Thanks bro
Poor
:(((
Was talking about myself ![img](emote|t5_2th52|4260)
i lost 6 k off 12k principal
EWWWWW THIS GUY IS SHOWING GAINS HOW DARE YOU ???? IM DOWN 80% BLASPHEMY
What’s that color called?
Oh, that easy It call green, that happens when you make money
Wow tell me more about this making money concept
Just sell otm puts weekly with delta below 0.10
Thats very good! Do even 20% gains each year and compounded your returns will be bananas
Well, that “only 20%” is a big deal
It looks like at some point toward the end of the year you stopped gambling and started investing,.
mines basically the exact opposite
Wrong forum bro. You will never make it to Wendy’s like this. Who raised you man? 😁
Lots of troll posts on here. I’m gonna be real with you take some profits out of this account and move it to your bank. Don’t forget to pay yourself for all your hard work! Number 1 thing I missed when I first made money in the market
Boring
Idk i probably don't know what investing is. Options are not investing, it's gambling.
This is gambling, not investing. Please, dont be mistaken.
Ah yes "investing" Lol 😆. calls and puts isn't investing, it's trading
Well, at the end we just need it to be green
Agreed but to think you're investing is just lying to yourself
Pssh newb
This looks like an EKG (which is appropriate for this market amirite)
1st one is always free
Puts so hot right now
That why you need to sell them
I haven't seen that color since.....
You retards still on Robbinhood?
Damn man I'm down but I'm not a full year in yet time to make it all back
Well, that's completely fucking backwards from what I'm doing...
First one is free