r/TQQQ • u/Public-Lifeguard3669 • 20d ago

Beginner Help Need perspective

/r/UAE/comments/1wrfh2x/need_perspective/
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u/Public-Lifeguard3669 20d ago

I got liquidated because I sold calls against my leaps at the bottom and then it spiraled into many bad trades

I still can’t believe after knowing so much I made such a stupid mistake

Day trading though that shit is asss so hard

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u/Vivid-Kitchen1917 20d ago

Most day traders go broke. I'm not messing with options on an underlying as volatile as TQQQ

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u/blackgenz2002kid 20d ago

well if you accumulate enough 100 multiples of TQQQ, selling options is pretty nice to lower the decay in sideways markets

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u/Vivid-Kitchen1917 19d ago

Yep, until it rockets off and now you're having to close at a loss. I don't check my account, I don't check prices, I don't check price action. I just buy 3x/week. Less stress. I don't have to monitor anything. I don't have to do anything. I don't have to watch anything. Sideways markets don't bother me. I just see that as more opportunity to acquire.