Every time I think I’ve mastered options trading, the market humbles me. One week, I’m stacking consistent wins, then suddenly, I misread the trend, and it’s like I forgot how to trade. It’s frustrating because I know what I should do, but my execution gets sloppy. How do you all stay mentally sharp and avoid falling into bad habits?

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How are you doing with those credit spreads after the last 4 days PWC1?

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Well played for sure. Slow but steady. How many trades do you keep on at one time. Do you have a sizable account to manage 1% size, and/or trading names with smaller spread ranges like $1 or $2.50? 30-45 days seems like a long time to see the benefits of theta decay. Any insights into these you are willing to share?

Just shake it off OP and IL. Come back to it. I enjoy the challenge of it, learned too much and see what is happening with retirement supporting entitlements, that I stay in this with the goal of doing what others won’t do now so I can do what others can’t later.

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This happened to me every time. I get a few great weeks, then lose all my gains in one or two trades. I don’t have a solution, I just started doing paper trades until I can prove I will consistently make money.

switched to a premium selling strategy
credit spreads, cash secured puts & covered calls only
only time i buy options is if it’s a LEAP call
other than that, credit spreads have kept my win rate higher (around 75%)
the gains are smaller, but the wins are more consistent

All of mine are at near or even above max loss due to high IV. The true lesson is risk management and capital preservation.

We have a lot of uncertainty. Thought it would take 60 to 90 days for the cutting of the Fed Government to erode confidence in the economy. I underestimated them.

Some of it simply decades of experience fu**ing things up. Not exactly the cream of the crop here. It’s like buying puts on a basket of meme stocks every week, sooner or later they’ll print.

The market is also random.
It has peaked and most traders are looking for another leg up to cash in with you buying.
P/E ratios above 80-100+ are supposed to be the "norm" ? No.
Keep any positions smaller near term, and it makes sense to BTO ITM calls ( even $5 in ) to cover the STO calls

Some p/e are really getting crazy. But I'd say it's even crazier the disparity of P/E withing industries. Usually you can benchmark again similar companies but that logic is getting harder and harder to follow too

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Deloitte Manager or IBM Manager?? Please suggest.
Almost same fixed package.. skill SAP Functional Close to 10 Yrs experience.

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Would you categorize this industry as diverse? I was just reading an article on USA Today that centered around the lack of diversity in finance, especially in positions of power. I’d have to agree with them based on what I’ve noticed.

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I get the feeling that MBA degrees get compensated fairly well...more so than tangible real life experience. What is it about MBAs that is so valuable to the employer?

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Trying to get into stand up comedy, any advice? Not sure where to start but am really serious about giving it a shot

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Accepted an offer with BCG! Looking forward to the transition next month. Will be in BCG Federal. Anyone in this bowl also in federal?

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Is there an official promotion list out on ACN portal somewhere?

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I’m considering starting to study for the audit section of the exam since it will be changing in July. Is it not worth trying to cram everything into the next month and taking it by the end of June? Or should I just wait until July to start studying? I feel pretty comfortable that I could do well on audit even with limited time, however I’m worried I’ll end up wasting $300 on an exam attempt for no reason

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What is the best advice you would give to a junior account manager?

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Hi. People Manager here. I've been one for 12 years now and I encourage my team to not be "yes" people. At this time, it feels like my manager wants me and my team to be yes people for her. How do I deal with this? I've never been a yes person and I don't preach this to my reports. I don't know what to do. Help?

When they release DOJ? I got my offer letter already a week back .. BGV in process done with offer acceptance. When can i expect DOJ

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Moving into a new apartment after the holidays. How much should I tip my super and doorman upon my arrival?

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Am looking at exit opportunities and researching FAANG. Curious to understand why anyone would join Amazon which has the worst benefit of the FAANG? Can anyone share what’s better at Amazon that I am not aware of? Amazon and Facebook on sites lined up in January! So researching now!;)

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Happy Monday All!


St. louis or Kansas City attorneys looking for help resolving your clients property claim.

Shoot me a message!

Let’s talk!

Mission Consulting & Estimating LLC

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Bhailog jate hue balo ko kaise roka jaye

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Bali recommendations on things to do?

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My friend just got out of a relationship and hooked up with his ex's best friend a week later. They're now dating and seeing each other everyday.
I couldn't help but feel like this wasn't an appropriate thing to do for both parties. He also revealed that he cheated on his past exes.

I'm naturally feeling a bit weary of his character and questioning whether this is a friend I want to keep close in my life. Perhaps I'm being too judgmental?

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When an introvert opens a shop

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Additional Posts in Option Traders & Investing

Made my first few options trades.

first lesson I learned- take profits ASAP! calls went from +100% to -20%.

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Is anyone planning on trading water futures?

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BC - UVXY calls ATM here at close with Dec expiry?

New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

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New to US. Which brokers offer best margin accounts? For e.g. I have equities worth $100K and want to trade options. Is there a broker where I can do so without paying more in collateral money - essentially using stocks as collateral, and also not paying margin interest. Was able to do so in London, Hong Kong, and India. However, Robinhood here doesn’t seem to allow it.

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Alright how does the GME story end? Even if WSB beats actual Wall Street, what then? It will plummet right. So when do we sell?

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SQ, PLTR, and PYPL - should I keep avg down?

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5/28 Thread (General):

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How on earth are you guys getting into these AMD calls for 5/1? The theta is scaring the devil out of me. I almost went with the peer pressure yesterday and then backed out (I am bullish in AMD)

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$DPZ 370c 3/27

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When did this bowl become so competitive and spiteful? Why can’t we just be happy and support each other?

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I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

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For those who have been driving the daily thread posts (senior tax accountant / KPMG / etc) please DM me if interested in becoming a community leader for this bowl. I’ll put you in touch with Sam from Fishbowl. Thanks!

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What’s does “fill the gap” mean??

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@BC what do you think about SHOP puts?

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And here we go again. Funny how news like this seems to have no impact on market anymore

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What trading platform do you use? I was thinking of switching to TD Ameritrade think or swim, but wanted to see if they were any better options

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10/06 Thread (BC):

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How much % or $ you think is safe for margin debt or borrowing from fidelity. I am tempted to take margin debt to buy stocks on fire sale. Generally I don't like debt and keep it zero or 1-2k. Want to avoid margin calls in the event stocks goes down more.

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