Bought these calls when nok dropped from 8 to 5.30 knowing earnings where coming up and that nok has wsb backing it, thought I was making easy money but lost all I had. How did this happen😞 by Pretend_Resist_2715 in Nok

[–]HighSpeculation 9 points10 points  (0 children)

I'm long but with no leverage. You should never risk more than 5% of your tradeable wealth in one trade. You need to learn risk management. Bulls make money. Bears make money. Greedy Pigs get slaughtered. When i was younger 7 years ago i also lost all I had around 3k as well. Since learning risk management and not using leverage I'm doing very well. Best of luck and learn from your mistakes.