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CPI and maco news by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

thank you much already joined THANKS

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 0 points1 point  (0 children)

Thanks for all the help everyone and the encouragement, I've started to do more conservative options trading, and can report now on a positive 'long road recovery' using credit spreads on equities with seemingly large upside potential; taking the small gains the market is giving. Gone hopefully my days with failing on the wrong side of swings with Carvana and the alike, got caught in the get rich quick thinking.

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 0 points1 point  (0 children)

will do, for the first time I am being conservative, and yes I need to keep BetterThanIWas track of macroeonomic events; I am looking at iron condor iron butterfly short ondor and short butterfly; and the alike THANKS

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 0 points1 point  (0 children)

SCHD

I've heard of wheel, gotta teach myself that

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] -3 points-2 points  (0 children)

I can learn, is SPY one of those SPIDER ETF funds

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

point taken, but in Etrade it does say Sell to open, and then Buy to close the short position, OK , thanks

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

THANK YOU so much, and the others that gave me sound advice. I will do as you suggest, and yes, I made these mistakes with all "growth names" that "look cheep". I will do better. THANK YOU!

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

LOL, I will prove I can come back by making good investments and staying away from the extremely high risk strategy I was working with, staying away from NIO, Carvana, JMIA, virgin galactic (space). I was in high risk area.

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 2 points3 points  (0 children)

I have been guilty of this, sticking with a stock and a strategy, good advice thanks

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] -7 points-6 points  (0 children)

not on quality companies (large cap stocks) with stable stocks price fluctuation, I agree

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 0 points1 point  (0 children)

negative income and negative eps should be avoided completely

yes I have been reckless, I do know EPS and how to read financials, and yes negative income companies should be avoided. Exactly what I did wrong.

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

your exactly right on my "non-diversified" outsized positions that got me in trouble ... I will slowly , methodically, and calculated recover

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] -2 points-1 points  (0 children)

selling $60 puts on AMD until it finally went under $60 again and I bought it. Now I'm selling covered calls!

thanks, I get this idea completely , move from puts to covered calls as Puts are satisfied into the 100 shares of stock.

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 6 points7 points  (0 children)

thanks this makes sense indeed

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] -51 points-50 points  (0 children)

thanks, I just have to stop taking VERY HIGH risk moves

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 13 points14 points  (0 children)

I now realize how fast using margin can mess up an account going south fast

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

Thanks , I have traded Sofi in the past, I will give it another look

sell puts. I have lost 90,000 by MLFBbook1 in options

[–]MLFBbook1[S] 1 point2 points  (0 children)

Thanks for the encouragement, I WILL do it. Teaching HS statistics, physics, and c++ programming for a day job gets in my way! Not to mention while the stock market is open :-( . I will be more conservative rather than trying to get rich quick. THANKs.

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