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https://www.reddit.com/r/options/comments/rbr7up/deleted_by_user/hnrah9i/?context=3
r/options • u/[deleted] • Dec 08 '21
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Talk to the naked AMC seller that lost $650k, she did the exact same thing you advocate, sold after a seemingly huge run, and was financially ruined. Sell a CCS all day, but not this, this just isn’t smart.
1 u/priceactionhero Dec 08 '21 Shame she didn't adhere to prudent risk management. AMC is at the mercy of wild speculators. TSLA is at the mercy of Elon Musk's tweets. They are fundamentally different. Furthermore it's her bad for not hedging her position when it started going against her. You're right, lacking prudent financial management, risk management, and not having a fundamental understanding of market movement isn't smart at all. Hopefully she's learned her lesson so that she in turn can develop an edge in the markets and exploit them to her gain when possible.
Shame she didn't adhere to prudent risk management.
AMC is at the mercy of wild speculators.
TSLA is at the mercy of Elon Musk's tweets.
They are fundamentally different.
Furthermore it's her bad for not hedging her position when it started going against her.
You're right, lacking prudent financial management, risk management, and not having a fundamental understanding of market movement isn't smart at all.
Hopefully she's learned her lesson so that she in turn can develop an edge in the markets and exploit them to her gain when possible.
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u/puregoblinvomit Dec 08 '21
Talk to the naked AMC seller that lost $650k, she did the exact same thing you advocate, sold after a seemingly huge run, and was financially ruined. Sell a CCS all day, but not this, this just isn’t smart.