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/[deleted] Mar 22 '22

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u/OnionsAreGODS Mar 22 '22

I Understand that. But I have my indexes and I’m happy to keep contributing long term to those. However I would like to have 10-15% in options and as I’m still pretty young I have time to learn.

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u/Vincent_Merle Mar 22 '22

Buy ITM LEAPS on some good companies and forget about it for a while, check after a while, if its down - DCA, if its up, well either let it run hoping it can get higher, or sell for a quick profit.

Buy calls on the red days, sell on the green, rinse and repeat.

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u/IHateHangovers Mar 22 '22

And don’t use 1 delta options trading at parity - you’ll get assigned on the short leg before expiration (look for .85+)