Don’t Panic when you buy high 😌
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When you entered at the wrong instance and realised that you bought high. What do you do?
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1. Don’t panic. Be rational.
2. (If you have set stop loss, move on to the next trade.) As I didn’t want to sell at a loss for this stock $NVIDIA (NVDA.US)$ a few stategies can be employed.
3. Hold more Stocks- Buy the dip, if you went top heavy like me. Buy the dip won’t help much. But does lower the cost slightly. (I did this)
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4. Options: Buy a PUT option. Do this early it you anticipate it calling further. (I didn’t do this)
5. Options: Sell a Put. If you are confident in the stock bouncing back and don’t mind holding more and DCA further (I did this)
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6. Options: Buy CAll Option. (I did this)
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7. Options: Sell Call Option (Covered Call) If you wanted to protect your entry early (I didn’t do this)
Important Warning ⚠️ Both selling Calls/Puts Options strategies may not be for everyone. You need to fully understand the risk involved and margin required to employ them effectively. As both will require a large amount of capital when ITM.
If you have other suggestions can share and comment your constructive strategies below👇
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toomanyscammers : don't really understand sell put buy call in detail from the post but if you put I scared also too cheem for newbies like me to understand so in the end put also too much don't put also too little
life's tough. but I'm glad Ur strategies seem to be working for U!!! and nice that Ur post has options (pun intended) lolol
CasualInvestor OP : It’s the timing of when you buy and sell options. Some are done early to insure against a bad outcome. While another which I did was after and I want to gap up using options as an example. Instead of waiting for the stock to rise back to 135 levels.
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My sold PUT was for a longer period.
My buy Call was for a shorter period which I closed the position early and took profit of 400dollars
Hope it clarifies. It takes some knowledge to understand. I was like that too
Maybe I should start a channel.
Jah Maycan : you hold off fundamental is strong..play the long game...it's what I do..for example I bought some Nvidia at 133.00
CasualInvestor OP Jah Maycan : I’m with you brother
104247826 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)