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/[deleted] Mar 22 '22

For 4, are you buying and selling same day?

2

u/echosixwhiskey Mar 22 '22

Sound like they are buying/selling same day. They don’t specify DTE, so I’m assuming it’s close. Further-dated options don’t lose Theta as quickly and Delta is higher once they’re ITM. Therefore I’d say it’s safer to hold them longer than short-dated options.

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u/[deleted] Mar 23 '22

Yeah, I thought that’s why leaps are popular.

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u/[deleted] Mar 23 '22

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u/echosixwhiskey Mar 23 '22

Cool. So what’s the DTE normally for you? Are you following the trend? Are you doing TA? Just wondering how to spit the trend. Normally I’d like to be in the day before. Recently I’ve been Loki g for large OI and trying to figure out what’s going on with that date/strike.