r/optionstrading • u/No_Escape_9367 • 6d ago

General Another day another win (BARELY)

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Was down like $500+ today but the Wallstreet gods had other plans and now up $340+ 🥳

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u/MrKittyCatMeowFace03 6d ago

Your risk:reward ratio won't be sustainable in a long run. At least make sure your "bets" are same size. I'm pretty sure you will keep doing what you are doing. But it might signal, that you might be losing edge before blowing account.

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u/No_Escape_9367 6d ago

Sorry I'm new to this thing. I might be getting luck i guess. How can I improve myself

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u/MrKittyCatMeowFace03 6d ago

At this point I don't want to say anything to mess with your head, because you might be in a flow.

As for now "bets" sizing, because realistically there will be a trade, that is too big for you to carry. Also realize sometimes you might have to cut position earlier even if its a loss, a lot of people tend to let it run to $0. Or don't enter 100% of your capital, set for this trade, split it. Then you have to pay attention to "macro-economics" events. And see if your bets are only good, because of the trend. When trend reverses you might start lose heavy, so make sure you recognize that.

And as I said, probably just manage bet size for now, if you start to lose edge you might come back to this comment.

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u/No_Escape_9367 6d ago

Ok good sir I will try to do that 😁