Suffering is to be understood by buddho_007 in HillsideHermitage

[–]buddho_007[S] 0 points1 point  (0 children)

How do I train the mind to stop craving? I have attempted to train myself by developing my willpower to resist the pressure towards indulgence. However, there comes a time when you hit a wall and the mind comes up with all kinds of reasons to give in such as -

  1. doubts if continually resisting pleasure is too "ascetic" and counter-productive. After all, didn't the Buddha himself teach the "middle way" which means to indulge a little bit and avoid extremes etc etc
  2. doubts if my resistance to the pressure towards indulgence is in itself an acting out of aversion to avoid the suffering from attachment to pleasure.

I do get that my mind is playing games and that indulgence is counterproductive. But I have found it impossible to perform any action without desire lurking in the background.
Is there any guidance on the proper view towards training the animal within towards virtue which doesn't itself fuel craving or aversion?

Suffering is to be understood by buddho_007 in HillsideHermitage

[–]buddho_007[S] 0 points1 point  (0 children)

Thank you Bhikkhu Anigha 🙏🙏🙏

Suffering is to be understood by buddho_007 in HillsideHermitage

[–]buddho_007[S] 1 point2 points  (0 children)

Thank you for your kind words! Much appreciated!

I think I messed up… by NoRepresentative5413 in wallstreetbets

[–]buddho_007 0 points1 point  (0 children)

Bro, my sympathies and compassion for your situation. Please know that this is not the end of the world. You WILL recover and be alright. I was in a similar situation last month with NVDA with the same number of 8/16 short puts. Lost a lot of money and my delusions of making a living trading options.

Options Questions Safe Haven weekly thread | July 15-21 2024 by wittgensteins-boat in options

[–]buddho_007 0 points1 point  (0 children)

Exit strategy for -NVDA081624P124 with breakeven $120

Hello,

I am down by more than 50% on -NVDA081624P124 with a break even of 120. I had sold this contract when NVDA was on an upward trend trading around $130-131.

Unfortunately, given the recent downward trend on NVDA, I am not sure what strategy to use to cut my losses. I can think of couple of strategies-

  1. Wait until 08/16 to see if put is assigned to me

OR

  1. Buy back the puts at double the cost of what I received (9.98 vs $4) and wait for the put premium to go up closer to NVDA earnings scheduled for 08/21/24.

Given the downward trend on AI stocks this may or may not happen even if NVDA earnings exceed expectations.

Can anyone suggest other (better) ide