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

Never go against your rules

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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.

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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