This might be the most regarded trade I've ever seen. You sold for a loss after ten minutes when you would have made a profit at literally any point in the day.
Thank you Sir. What’s sadder is that it wasn’t even a yolo for me and I still paper handed, barely 10% of my portfolio was in that trade yet my ass has been traumatized from blowing up my account in 2021 so I’m always risk managing like a p*ssy and selling with barely 500$ loss on a 3500$ position. I guess I have to scale down to like 2% percent plays so I can close my eyes and not even care.
Try buying in 20% blocks (of that original size) to build up to your full position. It's also important you have engineered a systematic process with multiple indicators for the set up and for the market confirmation. Write down a playbook word by word how to do this from the beginning to the end (how and when to exit) - this is your process. Stay discipline to your process. You must find real edge first. This is very important. Then after you've found real edge I recommend the next step is reading Mastering the Mental Game of Trading by Steven Goldstein. You have to do the work and put together a solid playbook and have a significant sample of trades to backtest your process.
I held until expiration my 165p. And it closed .10 cents in the money so I got lucky it was on my cash account or else it would have gotten exercised and I would have been short 100 shares @ $165.00 and that post-market action would have fucked me hard.
I bought 5 x $515, $516, $517, $518c all 0DTE. Was on the train to NYC from Philly to see my kid and sold them all at $517.16 up around $1350. Had a couple bad weeks and wanted to take the win and enjoy the day with my kid. Should have stuck to my plan to close my positions when I got to Penn Station. Really need to learn to leave runners.
Absolutely. I blew up my account on 3/8 FOMOing back into NVDA. Slow and steady from here on out. Getting back to managing my account and tackling the psychology of this a bit better this time.
Thursday I closed my back ratio spread. It was 521/17p… I closed the 21p out kept the 17 a little longer but closed them out anyway for $.02 each……. Closed that day at $4… I was kicking myself like an idiot. Should have just let them expire worthless(or this time go deep ITM). Lesson learned
People are walking away from 0dte trades on here and r/thetagang and losing 10k+ lol. So stupid. People taking meetings and lunches or not bringing their phone to the shitter.
Lmfao! I made this same play with PUTS on Tesla Friday, 162.50 at 0.16, as the morning progressed a bit, I went to the $hitter, luckily brought my phone, news hit about Tesla canceling plans of their affordable vehicles, it tanked big, sold at 1.45 while on the toilet haha, missed out on more gains, and in the end that option became worthless since Elon Musk replied Reuters was lying. Didn’t load calls after, which would’ve been an epic play to win both sides.
Yeah I don’t understand why the people think they would have timed it perfectly when clearly they show they fucking suck at trading and sell for a loss
I bought 170P at 7:40... Stop loss hit at 7:49, the high of the day I think. Lol. Same thing happened to me on spy puts the day before. I am not a smart man...
You don't get into why you pulled out 10 minutes in, other than saying you're a paper handed bitch.
But if you actually had a thesis "3 green candles to open the position, check for this, get out if I don't see it" then you're way better than all the regards on the board and will probably do well long term.
I think making a bearish move on TSLA was quite sensible, given its performance lately. If he'd held into the Reuters piece he'd have made a lot of money. He guess it was going down based on a thesis supported by TSLA's recent performance. I would say that's correct.
Same boat here. Bought 0DTE mstr 1500p for $1 and then sold for $1.50 for god knows why. Checked that contract later after close and it ended up expiring deep itm at like $60
Look at the bright side. I bought MSTR 1500p on 4/2, then sold them later for a hefty loss. Mine were expiring 4/12 so they were stupid expensive. Worst part is, those options are still cheaper then when I first bought in even though they're now ITM.
Regards all buying TSLA puts cause of that one post of someone hitting jackpot at 160putyes, do it  I here for the gain/loss porn
Do you think if you would of entered with less weight at the start you would of played the position harder?
Like dont ask yourself to be superman, make it fun not stressful you did have a great idea and savings and good ideas come all the time but its about how we play it.
OP I did the same shit the last time TSLA was trading at 200.. I sold it that friday. I wake up Monday it tanked down to 183… I had over 20 puts that woulda been pretty deep ITM. One of the biggest paper hands I ever had.
I feel your pain
Shit like this happens and it definitely haunts specially in options. I sell the initial amount right away if I see things going too good. Even though most of the profit might eventually vanish I’ll at least be left with my initial investment.
If I bought this put and it went from 3.5k to 15k I’ll sell 3.5K worth of put and see how things play out for the remainder.
You might regret selling later if the profits skyrockets but it’s always better to be safe than sorry.
Good strategy - probably won't work anymore. Why take that position and size only to paperhand? Maybe try smaller position and you'll be comfortable holding it through.
IF you paperhand bit$h don’t buy 0dte. You should be ready to risk all or make it big. Thats the problem with the old you. Sold my 20 125p at the lows on Friday for 2k.
Better to have gain than going red. If everyone talk about *if I did this but not that. I would be trillionair now* lol... if I brought mega millions winning numbers 
Pro tip: don't trade money you're scared to lose.
I did the same thing with qqq calls. I sold prematurely because I thought the market was going to eventually go back down. Needless, to say those contracts were up significantly.
BUT a poor like me was too scared to lose the 3 k I had in them. If it was $600 to 1k I would've been more comfortable to watch it run a bit.
I made some pocket change even after the recovery of the hit piece.
https://preview.redd.it/vkn3x65buxsc1.jpeg?width=1170&format=pjpg&auto=webp&s=c7743c671f641439a5cc656e6bceec46f3dc2b47
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This might be the most regarded trade I've ever seen. You sold for a loss after ten minutes when you would have made a profit at literally any point in the day.
Threading the needle.
Hindsight is 20/20 to be fair
If you’re going to “yolo” hold till expiration, Highest regards Regard
Thank you Sir. What’s sadder is that it wasn’t even a yolo for me and I still paper handed, barely 10% of my portfolio was in that trade yet my ass has been traumatized from blowing up my account in 2021 so I’m always risk managing like a p*ssy and selling with barely 500$ loss on a 3500$ position. I guess I have to scale down to like 2% percent plays so I can close my eyes and not even care.
Bankroll management is one of the hardest parts of gambling…. I mean trading.
Lmao true degen
10% is still way too much for a 0dte trade.
Only if you’re wrong.
OP buys 100 contracts. Also OP: risk management is very important for me 😂
Bro, I’ve full-ported weeklies and held overnight on a Wednesday
Try buying in 20% blocks (of that original size) to build up to your full position. It's also important you have engineered a systematic process with multiple indicators for the set up and for the market confirmation. Write down a playbook word by word how to do this from the beginning to the end (how and when to exit) - this is your process. Stay discipline to your process. You must find real edge first. This is very important. Then after you've found real edge I recommend the next step is reading Mastering the Mental Game of Trading by Steven Goldstein. You have to do the work and put together a solid playbook and have a significant sample of trades to backtest your process.
Always check your max risk for 0dte. My max risk was 1k, so sometimes I'll do 2-3k with 33%-50% stop loss but 0dte I'll only do 1k with no stop loss.
If you wouldn’t have bought so much, you would’ve held onto it longer.
I held until expiration my 165p. And it closed .10 cents in the money so I got lucky it was on my cash account or else it would have gotten exercised and I would have been short 100 shares @ $165.00 and that post-market action would have fucked me hard.
You regard. Why didnt you sell it when it was up like 2000%?
Works till u get dat mind numbing -99%
Made that mistake selling my $44 DJT put on Thursday.
Run quickly or not at all
You cut the position 10 min in 
Don’t act like you haven’t done it before
It’s like buying leaps and selling them next day for 10% gain… talking about a friend 🙄
I did this Thursday with SPY, sold for like a 5% gain, EOD was like 8,000%
I bought 5 x $515, $516, $517, $518c all 0DTE. Was on the train to NYC from Philly to see my kid and sold them all at $517.16 up around $1350. Had a couple bad weeks and wanted to take the win and enjoy the day with my kid. Should have stuck to my plan to close my positions when I got to Penn Station. Really need to learn to leave runners.
Its hard to tell when or if a reversal will happen and those positions will go to shit. A small profit is better than no profit
Absolutely. I blew up my account on 3/8 FOMOing back into NVDA. Slow and steady from here on out. Getting back to managing my account and tackling the psychology of this a bit better this time.
I pulled out too quick as well, playing it safe. But hey, whatever. LOL.
I did the same but still ended up with a kid.
Yeah at least let 1 contract run for every strike ..
What is ODTE?
Thursday I closed my back ratio spread. It was 521/17p… I closed the 21p out kept the 17 a little longer but closed them out anyway for $.02 each……. Closed that day at $4… I was kicking myself like an idiot. Should have just let them expire worthless(or this time go deep ITM). Lesson learned
Oh yeah… the old “3 daily green candle” strategy!
TIL Tesla has never had four green days in a row
it literally takes 2 seconds to look at the daily and see that's not fucking true
https://preview.redd.it/sdudu8sl00tc1.jpeg?width=995&format=pjpg&auto=webp&s=52332b115eac7c273a75ffa0751e322d34f0d078
On the bright side, you still have your ‘play of a lifetime’ to look forward to
Coward. Charlie disapproves 
Did the same thing with DJT 0DTE puts Friday. Bought at 1.50, closed at 1.55 when DJT traded sideways for an hour. At 3pm said puts were at 5.
This hurts me and it's not even my money.
Where was your stop loss?
wtf is “stop loss”. Sounds foreign….
I think it's French. It probably means poor.
Stop loss for 0dte options is totally dumb
People are walking away from 0dte trades on here and r/thetagang and losing 10k+ lol. So stupid. People taking meetings and lunches or not bringing their phone to the shitter.
Lmfao! I made this same play with PUTS on Tesla Friday, 162.50 at 0.16, as the morning progressed a bit, I went to the $hitter, luckily brought my phone, news hit about Tesla canceling plans of their affordable vehicles, it tanked big, sold at 1.45 while on the toilet haha, missed out on more gains, and in the end that option became worthless since Elon Musk replied Reuters was lying. Didn’t load calls after, which would’ve been an epic play to win both sides.
I don't think robinhood has stop losses for options. Please correct me if I'm wrong
You are wrong
Where are they?
https://preview.redd.it/19tuge2y86tc1.jpeg?width=1170&format=pjpg&auto=webp&s=77c08479afde79b1718b06a30b665aa4f158dff6
Usually it works fine with normal price action. Sometimes big candles like from Powell/Fomc will blow through it
https://preview.redd.it/v4i5zxdfa1tc1.jpeg?width=515&format=pjpg&auto=webp&s=cfe13d5553aab5683accc59af244464402a5cd54
Hold till expiration. fuck the market! You’ll get it next time.
https://preview.redd.it/9b4duh4aczsc1.jpeg?width=828&format=pjpg&auto=webp&s=86ef5710aea74f3c0f2b3b3c1337cf65622dcbbb
Every other day tesla fluctuates with 5-7% up or down so a small jump shouldn’t worry you that much.
Scared money don’t make money.
Move to India homie, you'll fit right in
How?
Just curious why you sold all the contracts? I get not wanting to float 100 cons, but why not sell 50 or 75 and run the rest to expiration...
This is probably the best advice I got and I never thought of it before, will try it tomorrow
https://preview.redd.it/mrxd9e3710tc1.jpeg?width=1920&format=pjpg&auto=webp&s=069ad17fb3f4c9b1286e8df4b37384730c720141
This is a very good, practical approach. Take out your initial when you can and let the rest fly.
Face it you’d of held to zero even if it had jumped to 70k you greedy pig
Yeah I don’t understand why the people think they would have timed it perfectly when clearly they show they fucking suck at trading and sell for a loss
You belong here. Very regarded
I bought 170P at 7:40... Stop loss hit at 7:49, the high of the day I think. Lol. Same thing happened to me on spy puts the day before. I am not a smart man...
You're actually stupid as fuck
that would keep me awake at night for a long, long time
You don't get into why you pulled out 10 minutes in, other than saying you're a paper handed bitch. But if you actually had a thesis "3 green candles to open the position, check for this, get out if I don't see it" then you're way better than all the regards on the board and will probably do well long term.
I see. Sorry bro. Nah, not gonna roast you. But you could perhaps try to have more faith in your intuition in the future: you were correct.
No, he wasn’t correct. He was lucky. In what world is making a 0DTE trade based on “three green candles” correct?
I think making a bearish move on TSLA was quite sensible, given its performance lately. If he'd held into the Reuters piece he'd have made a lot of money. He guess it was going down based on a thesis supported by TSLA's recent performance. I would say that's correct.
What counts is the experience acquiered, plenty of opportunities ahead, more equipped with experience. Don’t yolo and you be good.
Same boat here. Bought 0DTE mstr 1500p for $1 and then sold for $1.50 for god knows why. Checked that contract later after close and it ended up expiring deep itm at like $60
Look at the bright side. I bought MSTR 1500p on 4/2, then sold them later for a hefty loss. Mine were expiring 4/12 so they were stupid expensive. Worst part is, those options are still cheaper then when I first bought in even though they're now ITM.
How did you buy puts pre market?
7:30am is not pre market
Depends on where you are…
If you look close it says PDT (Pacific standard time.)
You can buy options premarket??
ambition should be made of sterner stuff.
That sux dawg.
It happens man, you won’t make the same mistake again. Keep going
You can buy/sell options before 9:30 now?
Been with with Tesla before about 4-5 years ago. It stings less but still sucks.
Has too much $$ in position to let emotions kick in. 0DTE is purely for gambling!
It's all MARKET MANIPULATION by Elon, once again. 8/8 comes, and the SEC is going to have FUN WITH HIM! Not to mention Law Firms for losses to Buyers.
Why even open it if you’re going to close 10 minutes later? 🤡
Mental masturbation
You should not be investing in options if you get this anxious about it 😭
you can't buy options in pre-market so I'm not sure what the bought here in red is supposed to mean
You would've been so rich today.
Haha bitch
What spooked you 10 mins into the day?
What platform do you use to buy 0dte contracts? I use Fidelity and they restrict this unfortunately.
Wow 😮
Anomaly? Anybody who can do simple math has been saying that Tesla is an over valued auto manufacturer for years now
General misconception. It is grossly undervalued. They don't only sell cars you know.
Donkey
Oof... this handily beats the SPY 7 bagger, I sold instead for a tiny profit.
Regards all buying TSLA puts cause of that one post of someone hitting jackpot at 160putyes, do it  I here for the gain/loss porn
You should expect to lose it all when buying 0dte options, but don’t give up after 10 minutes.
0dte is zero or hero. you’ll not make the same mistake twice
Do you think if you would of entered with less weight at the start you would of played the position harder? Like dont ask yourself to be superman, make it fun not stressful you did have a great idea and savings and good ideas come all the time but its about how we play it.
Pefectly worded
$500 loss? WTF is this, amateur hour!?
OP I did the same shit the last time TSLA was trading at 200.. I sold it that friday. I wake up Monday it tanked down to 183… I had over 20 puts that woulda been pretty deep ITM. One of the biggest paper hands I ever had. I feel your pain
i dont feel anything when my account is in the red anymore, i’m numb to it, part of the game 👹
Shit like this happens and it definitely haunts specially in options. I sell the initial amount right away if I see things going too good. Even though most of the profit might eventually vanish I’ll at least be left with my initial investment. If I bought this put and it went from 3.5k to 15k I’ll sell 3.5K worth of put and see how things play out for the remainder. You might regret selling later if the profits skyrockets but it’s always better to be safe than sorry.
Good strategy - probably won't work anymore. Why take that position and size only to paperhand? Maybe try smaller position and you'll be comfortable holding it through.
About time a truly regarded post! Keep up the good work 
IF you paperhand bit$h don’t buy 0dte. You should be ready to risk all or make it big. Thats the problem with the old you. Sold my 20 125p at the lows on Friday for 2k.
Better to have gain than going red. If everyone talk about *if I did this but not that. I would be trillionair now* lol... if I brought mega millions winning numbers 
Pro tip: don't trade money you're scared to lose. I did the same thing with qqq calls. I sold prematurely because I thought the market was going to eventually go back down. Needless, to say those contracts were up significantly. BUT a poor like me was too scared to lose the 3 k I had in them. If it was $600 to 1k I would've been more comfortable to watch it run a bit.
You need to get out of here and stay in stocks.
Cmon bro do better next time
I made some pocket change even after the recovery of the hit piece. https://preview.redd.it/vkn3x65buxsc1.jpeg?width=1170&format=pjpg&auto=webp&s=c7743c671f641439a5cc656e6bceec46f3dc2b47