/biz/ - Business & Finance

>Sold everything but my AMD yesterday at the top because I was fearing a dip
>Only lose 300 bucks instead of 1000
I'm doing ok

>>28951777
/Thetagang/ is free money considering these 3 points.

Number 1: Do not complain when you sell a put or a covered call and the market goes way up a day later. Do not try to adjust your trade in some FOMO action because others are making a lot more.

Number 2: Do not complain and try to adjust when you sell a put and the stock goes way past that a day later. It could be worse. You could hold the stock without the premium.

Most importantly number 3: NEVER trade a stock just for it's premium. You sell a cc on AMD? Sure, go ahead. You write a put on SNAP or even a red flag like SPCE after reviewing the company and thinking you would like to hold it? Sure, why not.
But never sort by IV, pick the pump of the day and write into that 150% IV void.
Only pain awaits. Only trade companies you like.

>Travel is dead and MA pumps up 4%
Still not trusting this market one bit. I've said it for the whole week but a dip is coming. These prices are unsustainable.