/biz/ - Business & Finance

>>19051627

I don't recommend trading naked contracts since the risk - reward versus use case is lacking and it's really more like gambling, so try to set yourself up with a spread next time which can be more intrinsically valuable to ladder and in some cases, necessary.

I don't stray from my trading methodology so don't feel like you should shunned for your decisions, they just don't apply to what I like or agree with. There's a video going over how spreads are favorable in almost every instance regardless if it's a Debit / Credit Spread, which should help you a bit.

https://www.youtube.com/watch?v=1SVswX2V_vE

I personally wouldn't make any adjustments based off of the information you're telling me, it seems fruitless. Another additional bit of information, it's okay to lose trades from time to time (you can't win them all, don't try), it's all about averaging, so you won't get anywhere without a strategy (I'm assuming you don't have one since you're still learning) Of course I'd be happy to point you in the right direction.

Laddering trades can help reduce loss or even roll a position into another trade, however whenever I create a position, the max loss I've already incorporated method wise and me losing that value wouldn't be problematic. I know that might seem like a lot for a simple question but it's really just what you need to know, most people trading naked contracts will never be successful/profitable unless they can predict events unfolding, which is not impossible, but not reliable.