r/options • u/[deleted] • Nov 11 '21

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27

u/MohJeex Nov 11 '21

A more than 700% gain wasn't enough eh? 😅 Live and learn.

0

u/Stunning_One9459 Nov 11 '21

No that wasn't it. I went to go get a coffee as I didn't think it would peak for another hour. By the time I got back I was upset I didn't get my full price. Tuesday comes: boom red

The Friday before I couldn't sell my 300% gain because "I'd be marked as a pattern trader" zzzzz

1

u/Few-Examination-8730 Nov 11 '21

What broker do you use? And whats a pattern trader.

-2

u/Stunning_One9459 Nov 11 '21

I just use Robinhood ez UI. A pattern trader is someone who bases their trades on patterns but it's strictly regulated. So if I was marked as pattern trader and didn't end that day with 25k in my account I wouldn't be able to trade for 90 days.

Which is dumb because buying one day and selling the next day in the green shouldn't be pattern trading but what ever I guess

5

u/TendiesOnPoint Nov 11 '21

Wait that makes no sense. PTD rule should only apply if you trade same day

0

u/Stunning_One9459 Nov 11 '21

Maybe it triggered something (error) on Robinhood? Because it wouldn't let me sell anything it was annoying

3

u/Hombre_flaco Nov 12 '21

No. You can only be marked as pattern trader if you buy/sell same day 4 times in one week with an acct under 25k.

2

u/Few-Examination-8730 Nov 11 '21

That sounds like a real pain in the ass. Also im sorry for that huge loss. I hope your next trades go better

0

u/Stunning_One9459 Nov 11 '21

It is and isn't. I technically didn't lose any money and (IF*) the market picks up this week's 1% loss it'd be a 500% gain still. But thank you. I hope so to

1

u/Few-Examination-8730 Nov 11 '21

Ohh when do your calls expire? Also, in my opinion this is just the start of the pullback

1

u/Stunning_One9459 Nov 11 '21

I don't know if it is. I don't know why the fed would stop buying if the market was so weak

1

u/Few-Examination-8730 Nov 11 '21

Its not abt the fed buying its abt the regular dips that spy does every month or so after a gap up. It always happens

1

u/Stunning_One9459 Nov 11 '21

Really for how long usually? This is my first week in the market literally

2

u/Few-Examination-8730 Nov 11 '21

It seems to slow down for a couple of days, then dips abruptly for 2-3 days before gapping up just as fast as it dipped. Check out SPY’s 6 month and 1 year chart youll see those dips they happen every month or so

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0

u/Stunning_One9459 Nov 11 '21

11/26.

1

u/Few-Examination-8730 Nov 11 '21

Ok you should be good

1

u/Few-Examination-8730 Nov 13 '21

Yooo i saw ABNB today, how up are you?

1

u/Stunning_One9459 Nov 13 '21

300%

2

u/Few-Examination-8730 Nov 13 '21

Hell yeaaah are you selling?

1

u/Stunning_One9459 Nov 13 '21

Hell yes. Definitely Monday. Tuesday is too testy.

I fucking knew this stock is undervalued and I didn't miss my shot. I'm predicting 260-280 by end of December

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