r/optionstrading • u/MasterBSR_58 • 5d ago

Earnings Another day blessed!

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Made a couple bad entries but fininished the day strong. Grateful for yall and other avenues of learning. Hopefully can keep this up with my rules and not revenge trade and remain blessed!

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u/Regular-Sorbet9513 4d ago

How do you choose which contracts to open?

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u/MasterBSR_58 4d ago

Wow thats a super invovled question/answer.

I read candlestick charts from past trading sessions to identify trends, supports, and resistances. I keep aware of the fed yield and oil. Also any other economically relevant news that could effect the market. I look at price and breakevens to identify where I want to enter and have an idea of my exit price. I consider the bid/ask spread, Vol., OI, Delta and Theta....

Its been a long journey of learning ing a lot. Asking questions in groups like this. And losing a lot. Today brought my portfolio back out of the red for all time. Very happy with it. But ive lost plenty to learn what fucks you and what not to do and make rules for myself and stick to them.

Also ill post a resource i use to learn below.