I swear here and now that I will never touch near-term options for the rest of my life
$Tesla (TSLA.US)$ As a beginner trying options for the first time, the spending money I worked hard to save up over a year was wiped out in just four hours. I can't come to terms with this at all. I didn’t know that end-of-term options could suffer such rapid time decay, wiping out all my money within a few short hours, and I was completely spellbound.
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Quincy57 OP : An ordinary overseas student felt utterly devastated at this moment
川建国同志 : its okay bro… i feel you and because i also lost almost 10k in a month in tesla.. things will get better!
Quincy57 OP 川建国同志 : My principal is very small, and the options have expired, so I probably won't be able to make it back.
102627638 : Because what you're doing is essentially gambling. And in gambling, the house always wins.
Quincy57 OP 102627638 : I didn't know this was gambling. I didn't even check the date when I bought it. I just randomly picked one from the Moomoo options chain.
WealthRider : Options: Entry is key. Look for long calls at lower prices, and always hedge with puts to protect against adverse moves.
Quincy57 OP WealthRider : I planned to make some money off my tuition before paying it, but ended up rushing into the market all at once. Now I deeply regret it, but it’s too late to do anything about it. Before this, I made a little profit trading individual stocks—earning one or two thousand gradually—but then lost everything bit by bit.
75273216 : You should either focus solely on options trading and avoid stocks altogether.
Quincy57 OP : I told my girlfriend about this, and she also broke up with me. Today is such a gloomy day.
Quincy57 OP 75273216 : I'm done with options trading, I can't handle this kind of loss
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