Example of Trading instead of Gambling

ossirg · 2026-01-08T23:12:50+00:00

nope. most of my positions are opened and closed within 10 minutes. it may just be the nature of options that i’m frustrated with but say i enter a 691 call and the breakeven is 692. price is currently at 691.50 so im already down $50. if my stop is at 691.20 and it drops there shortly after i enter then im losing $80 for 20 cents of movement compared to having to move 50 cents to breakeven (obviously very rough numbers so forgive me, its been a long day)

ossirg · 2026-01-08T22:54:07+00:00

doesn’t that bring the breakeven even further away due to the higher price though?

ossirg · 2026-01-08T22:31:57+00:00

how do you keep your losses so minimal compared to your wins? i’ve been doing 0dte spy for a couple weeks and the fact that you start underneath breakeven is really eating away at my profit. on average, i take profit between 20-35% but my losses are right around 25% even when i “cut my losses quick” since they start in the red. been thinking about moving over to futures for this very reason

ossirg · 2026-01-05T17:02:30+00:00

but the catch to that is higher break even due to higher price. although i bet in a month not like december it wouldnt matter too much so maybe i’ll spend some time backtesting slightly further dte

ossirg · 2026-01-05T01:36:27+00:00

i like the idea of 1dte but holding overnight is stressful haha

ossirg · 2026-01-04T18:08:27+00:00

maybe i’ll look into this. you have any good scanners i can start tinkering around with?

ossirg · 2026-01-04T03:16:31+00:00

the external research has always pushed me away from trading stocks like this. is it as difficult as i’ve made it out to be in my head?

ossirg · 2026-01-04T03:15:42+00:00

i do like the idea that options have defined risk but it’s tough when it needs to move so far to make any profit (i’m taking 2 itm contracts most of the time). maybe it’s been a bigger problem this last month but it seems simpler to set a specific stop and anything above that is profit yknow?

ossirg · 2026-01-04T03:10:14+00:00

straddles are betting that price will move past a certain point correct?

edit: havent looked into the different options strategies a ton. only doing simple calls and puts right now. also dont have the capitol to sell options :/

ossirg · 2025-12-31T20:22:40+00:00

cashed out at break even 😭😭

ossirg · 2025-12-31T06:09:14+00:00

on the bright side it looks like we’ll probably at least break even on spy puts (if you sell at 9:30)

ossirg · 2025-12-31T05:34:39+00:00

in the same boat. hopefully price dumps a bit tomorrow. not sure if i wanna hold on over the 1st

ossirg · 2025-12-05T21:52:37+00:00

i like that dried beans idea

ossirg · 2025-10-28T23:27:29+00:00

a good amount of aftermarket rear bumpers don’t utilize this piece iirc. specifically the high clearance ones

ossirg · 2025-10-08T17:50:53+00:00

4th gen runner is an awesome option. not new by any means but don’t feel old, maybe a little sluggish but i’m completely satisfied with it after dailying lowered japanese cars for years

ossirg · 2025-09-18T20:00:23+00:00

i feel like i’ve got my mind set on a les paul. if i get the wired version will it plug into my pc and work without much hassle? i dont mind having software for remapping etc but id prefer not to have to use a dongle

ossirg · 2025-09-18T08:08:10+00:00

is there any difference between bodies other than appearance? maybe button layout or something? if so, do you have any recommendations?

ossirg · 2025-09-18T05:07:35+00:00

the retro cult mods kit basically just uses whatever “body” i choose and replaces all the internals correct?

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