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rOnce_Gaming t1_iy9mtvu wrote

Reply to comment by awesomedan24 in Slowly but surely un-fucking myself by awesomedan24

I learned after losing money for good one year when I first started that for options if u see red - 10% just fold.

I just sell even if i think it will go back up or down once it's minus 10%. For green I just hold till I see a change. Has been working for me for few months now just that it's a slow upside now but at least no crazy loses. It's like 5 percent gains a month now when it used to be 300 gains then 350 lose the next month lol.

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awesomedan24 OP t1_iy9ow0i wrote

Good strategy. Paul Tudor Jones said in his Market Wizards interview that he will stop trading for the month if he ever reaches -10% across his account.

5% per month is amazing if you can sustain it. In just a few years youd be making more than most people make in many more years of sitting in SPY

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heklakatla t1_iya67p6 wrote

If /u/rOnce_Gaming could get 5% a month we'd all be funding them. That's nearly 80% a year... Hell, 2.5% a month nets you almost 35% after only 12-months. If you figure that out let us know!

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rOnce_Gaming t1_iyawbci wrote

I have made it for 5 months straight now. But it's a bear market and spy was really easy to read. I actually went way more than 5% because last month was 30% increase because of a lucky 0dte spy call I did.

Remember my username I'll post a year gain post next year July. I'm thinking bear market till next March then back to normal hopefully

But who knows I'll come back with a lost porn. But I doubt it with how much I play like a scared cat. I even play scared for gains as well hence the 5 percent. Most of my plays I could have made doubled if I held for like 3 more hrs but once I see at least 20% gain I just sell because I get sick inside thinking it might dip hard suddenly

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heklakatla t1_iyb6akr wrote

Good luck with it and when you post the big gain next year let us know your methodology!

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