YawnAlot
YawnAlot Feb 26, 22 1:44 AM

Yea man becareful with options. Thats how i gave up my 2 year winning streak, blew it on options. I still managed to flip 700 to 4k in a week but honestly i had too much on the line and it eventually catches up to you and sets you back a lot. Try not to throw risk management out the window

daveotc
daveotc Feb 26, 22 2:23 AM

@YawnAlot Thanks for the advice man, my account is relatively small so I see it as the way to build my account as OTCs have really cooled down. It all comes down to psychology and emotions, I'd rather learn these mistakes now so I don't repeat them later on when I size my account up through profits or just chipping up.

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rey_11
rey_11 Feb 09, 22 9:17 PM

I like the 'de risk' part of your blog. If I'm up on the day, especially if I have a string of wins, I will downsize and manage my risk that way in order to protect those gains made. Options, from what I gather, can have tremendous reward, but the flip side is just as tremendous. Keep on pressing forward

daveotc
daveotc Feb 09, 22 10:07 PM

@rey_11 thanks rey and good advice! risk is all relative. losing $100-$200 in a minute is nothing to some traders but it is for me relative to my bankroll

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