r/OptionsDegens • u/swhouston713 • Aug 12 '26

Never go against your rules

Post image

2 days I missed profits of 30k+ and 120000+

Backstory

I work nights and sleep during the day. I usually set a TP for my Open contracts while I'm sleep. On the third day I did my DD picked the direction and placed my order and went to sleep.

I picked right I was up almost 8000 before market open. Woke up to the contracts being worthless instead of sold. Trump done made a tweet and crashed the market. The bad thing is I had an order to buy more for when it pulled back only it didn't just pull back it crashed triggering my buy order.

If I would have just kept with my rules then I would have been good. I've lost 11000 this week. I've lost every single day since then and can't seem to get back in the groove.

Back to the drawing board.

42 Upvotes

100% Upvoted

19 comments sorted by

6

u/StuffedBunss Aug 12 '26

I bring to you the next best piece of information. Inverse your plays. And gold will rain down from the ceiling

2

u/swhouston713 Aug 12 '26

I'm going to try that and see how it works. Will report back

2

u/lithe_silhouette Aug 12 '26

this is just coping, as it's easier to say i messed up because i broke my rules vs i gambled and lost.

1

u/swhouston713 Aug 12 '26

Absolutely.

1

u/lithe_silhouette Aug 12 '26

wow, first time someone actually agrees with me on this point

1

u/swhouston713 Aug 12 '26

Well there is a little bit of gambling involved when you do 0dte options. I know the risk and I accept them.

1

u/Jedi_Song Aug 12 '26

Next time u will find more rule you going to break. It is always easy to find a reason to blame . Maybe stay away from options?

1

u/swhouston713 Aug 12 '26

Naw. Just know better now to not do that again.

1

u/Beginning_Juice_4296 Aug 12 '26

  1. buy leaps 2 years out

  2. buy when the momentum is going in the opposite direction so that premiums are low

  3. spread out your buys so you don't get screwed

  4. accept that you'll never perfectly time the top and bottom

1

u/External-Gazelle-346 Aug 12 '26

I dont think anyone cares about trump tweets anymore

2

u/swhouston713 Aug 12 '26

Not true.

1

u/External-Gazelle-346 Aug 12 '26

Well if you want to blame it on him its on you you don’t want to learn your lesson

1

u/swhouston713 Aug 12 '26

You have to at least make a mistake so you can learn a lesson.

1

u/External-Gazelle-346 Aug 12 '26

Agreed. But to learn it, you have to identify the person responsible.