$TSLA 20241220 160.0 PUT$ So in my journey to understand options, I'm doing well on buying calls, betting on Winners. This is just a demo trade so please don't be alarmed, no real money lost. But I think I have learned a valuable lesson here.
Don't bet on something that even while you believe the stock is going to drop like a stone, other factors come into play. namely, too many big investors are in on it, and while they might be less bullish, there is no way they are getting out cause there's too much skin in the game. For now, I'll stick to buying call options, and will continue to hone my skills at betting on losers on the demo platform. This is truly a great part of the tiger trading platform. You really can test your strategy and refine it, before committing real coin.
Just do dumb stuff, or really good stuff with no consequences. I'm very experienced with investing in stocks, but I'm a true novice when it comes to options trades, I am learning so much using the demo account on tiger. I'm also starting to take technical trading seriously, I had discounted it for decades. But an old dog can learn new tricks. so now I can also use the demo account to test my understanding of technical trading
@TigerPicks @Daily_Discussion @TigerPM @Tiger_chat @OptionsDelta @TigerClub @Samlunch
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- Alex Tan·06-10TOPI don't believe in EV.2Report
- Drdeedee·06-10TOPIf you are a call buyer, you should learn how to sell a put vertical to get paid for your bullish sentiment.4Report
- MeHu·06-11Agreed with Drdeedee. You should to a sell put instead of buy call. Better to have smaller profit than big loss.1Report
- pizzix·06-10Great insights1Report
- KSR·06-11👍1Report
- Helen helen·06-10yes 👍🙌👍2Report
- LiverpoolRed·06-10ok2Report