GAME PLANS
HAVE A GAME PLAN & MAKE SURE YOU FOLLOW IT…
Examples; If your game plan is to invest $4000 and make 10% in a single day by executing a quick scalp, then there is no reason to find yourself in an option position of 8000-$10,000, flat on the day, caring that position over to the next day
If your account is smaller and you’re looking to make $40 on the day, then there’s no reason that you should have $1000 position carried over at any given time
If your game plan is to buy calls on the largest dips, then you need to let the patterns develop, resist FOMO, do not buy too early, do not buy on the first/second dip, wait on confirmation of support/reversal.
The point is, WE ALL have game plans. Speaking from personal experience I tend to forget about my game plans more than I care to admit.
99% of the time I’m going to be OK. But that 1% 🤬 of the time is going to come around sooner or later and blow up an account.
You have a great game plan, but you’re execution is poor, then you’re trading will suffer
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Michael Bertrand : so what do suggest I do
Bruski2023 : Very well said, I’ve been the guy holding an option till I’ve lost 75%+. Learned the hard way to set tight SL, and move on to the next trade. Options are absolutely amazing when you know how, but learning cost me 10k+. I’ve recovered that and made so much more money playing them, then I woulda ever made buying the stock and selling.
ကင်ချီ : Just yesterday I sold my Tqqq.