Take profit often and avoid fomo
today
portfolio 1: + 52.10%
portfolio 2: +25.72%
How I avoid fomo:
Resisting the urge to stay in a trade too long is hard.
To avoid that I roll my options.
Resisting the urge to stay in a trade too long is hard.
To avoid that I roll my options.
So that means that I will sell my profitable position and then get a further out expiry date or a different strike with the profits BUT NOT ALL THE PROFITS 😊
For example: I bought 11/18 $190 tsla puts a few days ago. When those were profitable, I sold and bought the $180 put strike. When those were profitable, I sold and bought the $175 with some of the profit. Now when I finish scaling out of those, I will have a position further out i.e. 12/16 $150 puts, etc.
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$SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $AMC Entertainment(AMC.US$ $Apple(AAPL.US$ $Unity Software(U.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Bitcoin(BTC.CC$ $Coinbase(COIN.US$ $NIO Inc(NIO.US$ $Lucid Group(LCID.US$ $Pfizer(PFE.US$ $Freeport-McMoRan(FCX.US$
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