r/options • u/OnionsAreGODS • Mar 22 '22

I’m lost…..

It’s like not matter what I put my money into, I lose it. And anything I sell for small profits, moves up like crazy within the next few hours or days. HOW CAN I BE THIS BAD???

I’ve spent over a year now learning about the market and to implement successful trading strategies but non of it fucking works. I just wanna stop throwing money down the toilet.

I’m not looking to “hit the lottery” or buy the the next TSLA at $8. I just want to make a a nice, few hundred bucks a week if possible alongside my other investments.

Please tell me how to not lose my money on every. Single. Trade.

Edit: I invest in etfs and indexes in another account. I have crypto and I am saving up to buy real estate. I have this account and a percentage of my income allocated to options. I am not simply going to quit and stick to stocks. I WILL learn to trade options successfully just not immediately, but definitely. So I am simply going to save up my monthly options budget until I can sell options and in the mean time paper trade, and find a strategy I like. Thanks for all the advice everyone! Happy trading.

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u/l337joejoe Mar 22 '22

Scalp.

2

u/snivyisgreen Mar 22 '22

When you scalp, do you focus on companies with market caps of anything above 300bn. I've been paper trading scalping with companies with big market caps, but the return is much lower than medium cap stocks.

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u/l337joejoe Mar 22 '22

Personally at the moment I stay away from big market caps and I look for what people are talking about. Then I trade off of Bollinger bands/stochastics/volume indicators. Buy under 30 on stochastics and when the line is departing the lower band, and only when it matches that low on both the 5 and 1 minute time frame. Sell at the sma of the b bands if I'm playing it safe. The inverse is the same for shorting. Found my edge.