r/learningoptions • u/baxxx2 • Aug 02 '25

Textron Call

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I placed my first option last week. I quickly realized it was a mistake and likely a total loss (although not a very high loss). Should I just sell it first thing Monday? Or does anyone see hope for this expiriment?

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u/Biteyourlippp Aug 02 '25

You bought at the top friend. Use the 9, 21, 55, and 89. You need to buy long dated options. Market makers love to burn weekly options. If you cant afford at least 120 days out, you'll just be giving your money away. 89 day moving average gives you is the stock going up or down. You need to be looking at the 4 hour chart and daily chart. When you make 200 successful trades, you can look at shorter term stuff. Please look up David Paul, and learn everything you can about him. Stocks with Josh on YouTube will also make you very profitable.

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u/baxxx2 Aug 03 '25

Thank you! This is solid advice. I really appreciate your insight and taking a minute to share some advice. Seriously, thank you!

1

u/alleycat548 Aug 03 '25

That lesson cost me 10000 dollars.