Day 9 option trading, 1 week profit gone in few hours...I don't know what happen today. I'm tired...fcking worst trading day. Revenge trading is the big mistake...should have stop trading when lose money...emotion control is lost yesterday, and I broke my 30 mins rule which I'm not suppose to trade for the first half hour of market open. Advise everyone don't trade option if you not ready to lose money.
$NVDA 20240510 920.0 CALL$$NVDA 20240510 900.0 PUT$ Day 8 Option trading, today profit about $SGD440. I will done for today trade, need to stick to my rule...control my emotion and control to less trade, don't be greedy. Currently market is on uptrend, not sure when it will go down...maybe Thursday and Friday. #20days daily small profit challenge
Update Day 5,6,7 option trading challenge, profit $747 for day 5 and 6...able to stick to my strategy. Today ( day 7 ) only able to make small profit, make some mistakes loss at $400 and recover back later on. Today lessson, too greedy on taking trade...break my own rule which I'm not supposed to greedy on daily trading...should have take the profit and done for the day. Option trading is not easy and high volatile, will continue to learn and trade until my PL become positive.
$NVDA 20240503 840.0 PUT$ Day 4- Option trading total profit SGD$1078, today can say lucky that able to take profit within the first hour of market open. Continue follow with the market downtrend, buy puts on the correct timing and get out with small profit asap. Don't greedy to aim for big profit as market is too volatile. Take profit and call it a day, I know sometimes is hard not to see the market and wanted to trade more, but winning is about how lesser trade you can control instead of keep trading. There's always new chance in market every trading day, learn how to control your trading number is also important on consistency wining. #20days small profit challenge
$NVDA 20240503 900.0 CALL$$NVDA 20240503 870.0 PUT$ Day 3- Option trading total profit SGD$242, make a mistake at first loss $500 plus on the calls options. Should follow the down trend...make adjustment afterward to recover the loss. Done for today...don't be greedy to get more profit in one day. #20days daily small profit challenge
$NVDA 20240503 875.0 CALL$$NVDA 20240503 865.0 PUT$ Day 2 trading option take small profit...my goal now is target $300 daily for 20 days. Consistently profit is the key now...not chasing big profit in one trade. Set your own rule and follow your own discipline. *my P\L is still negative 🥲
$NVDA 20240426 850.0 CALL$ Take small profit day by day it's the plan now...I have chance to make it back all my loss in this one option trade but was to panic to sell off because you can't predict what will happen...I do know everytime I hold it I will get burned. I guess I don't have any luck to earn big money in one shot.