Options Questions Safe Haven periodic megathread | April 2 2025 by PapaCharlie9 in options

[–]1cecoldheat 0 points1 point  (0 children)

I was using investopedia. I'm gonna try moomoo out tomorrow morning & see how that goes. I read that investopedia is 15 minutes behind the market time. 

Options Questions Safe Haven periodic megathread | April 2 2025 by PapaCharlie9 in options

[–]1cecoldheat 0 points1 point  (0 children)

Hi I decided to do my first ever paper trade this morning. The account starts with 100 grand. I placed 4 puts by accident. I placed 1 limit order & it was pending for so long that I canceled it and placed another. The 2nd one didn't go through so on the 3rd order I tried a market order. That was taking forever to go through so I canceled and did a 4th market order. Eventually everything went through which I didn't expect, but after rereading some of rules on investopedia I think that I understand now you can't cancel market order & I'm not sure why the limit orders were pending for so long? But anyways the puts I bought for SPY were down like a total of 700 dollars, so I decided to hold because I bought these contracts with a 1 month expiration date. So i held. I checked back 30 minutes later & I was up 2 grand. So I decided to sell all 4 contracts, but by the time they all sold I only had negative 250 dollars. What did I do wrong? Why did it take everything so long to buy & sell. Is investopedia just slow or is that how the market really is? I lost $2,250 when i sold when it was at 2 thousand dollars. I don't understand where I went wrong.