I have been investing for about 2.5 years. I have become options gun shy because of a bad loss. Had a QQQ call go against me and lost 75% in a matter of minutes. This happened because a week earlier I had a QQQ put that went against me, was down 40%. Held the 0DTE for a bit and I closed the position with a 30% gain. Thought I would do the same thing. I now know if an option goes against you at 8% or so jump ship. Dont fret if it goes up after you cut your loss. That is part of the...
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I bought my first stock in January 2020 and promptly got rekt on GME. This was a 4 digit lesson for me to enter the market. I quickly learned about stop losses and trailing stop losses. When GME peaked around $480 I attempted to sell but my inexperience caused me to be slow and sell for a nasty loss. Got in at $325 and my order did not execute until $250. I will never forget the lessons learned from that drubbing. I dont know if I will ever make up that loss but I wont stop tryin...
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I have been trading for 18 months and one big lesson I have learned is to stop talking to my family about it. I get zero support and they would rather put down my excitement than learn or even listen. Its crazy because I used to sports gamble before I found the markets and my family had no problems with that. Definitely a lonely journey for me but I am still excited to wake up to the markets and continue learning and improving each day. My only regret is that I did not start investing...
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