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Hi Capgemini people, Till 15th November we have to declare our vaccination status so that they can plan back to office for the employees who are fully vaccinated or having report of not having covid. I am Fully vaccinated but if I declare that I am partially vaccinated will they get to know my bluff? Actually I am not much interested to go back to office as of now may be in february it will be fine for me
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Coach
$ACUIF nuff said
Thoughts on SPY puts tomorrow?
SQ, PLTR, and PYPL - should I keep avg down?
Subject Expert
Enthusiast
6/16 Thread (BC):
Coach
Visual Storyteller
We got this.
Enthusiast
8/12 Thread (General):
Them GME puts
$BABA got murdered today. Buy, hold, or sell?
Enthusiast
2/25 Thread (General):
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Enthusiast
(1) anyone who has traded has incurred losses, so you aren't alone.
(2) take a break from the markets. This year has been tricky because it's slightly closer to pre-2020 than 2020 (as in stocks don't always go up). Taking a break will allow you to get your emotions set and come up with some goals or a strategy, risk management, etc.
(3) when you do come back, set aside a small amount to test your strategy and risk management. If you can be successful with 3o or 5k, then you can put more capital in the markets.
(4) don't try to recover all your losses in one day. That is the fastest way to double them. Build upon small gains.
(5) find a handful of lower risk tickers that you can master. Maybe stick to ETFs or big tech names before branching out.
(6) don't exclusively trade. Have a LT portfolio than you let sit as your backbone. That way if your options go to crap, then you still have some $$ put away.
(7) know when to call it quits. Trading isn't for everyone. And there is nothing wrong with having a strong equity portfolio.
Best of luck, hopefully things start turning your way
What was your singular strategy you were trying to master? What training did you take to learn the strategy.
There are a few rules that experienced traders tell newcomers. You can find a few people that succeed breaking g these rules, but they are the exception. Most people are not exceptional.
1) Buyers of out of the money options will run out of money.
2) When in doubt, buy more time
3) Sellers make more than buyers
4) You can learn 1 strategy a year, takes 5 to master a strategy for multiple tickers.
5) if you don't have the patience to make money in paper money you don't have mindset to make money in real money
Stop trying to recover. You’re not alone. Cut your losses slowly, stop putting in more money, and whatever money you have to invest move that money to ETFs such as VOO, QQQ, or VTI. Yes the returns are not crazy but it is steady.
Take some time to take a break from daily watching the market. It got to me when I firsts started. Play out whatever you’re in and take profits and get out.
This sounds a lot like a gambling addiction. I’d seek professional help.
Im down over 200k in my 14 yr investing career. Lol this year i am up 17k so i have hope.
“Investing career”
Likewise here-lost over $200k since covid crash by shorting more than going long…recent loss is shirting tesla at 750$.
Please don’t stress too much and try to save money going forward..I have been to emergency once with high stress while I couldn’t accept my mistake and was vengeful with market🙏
Enthusiast
Can you share if losing this kind of money changed your strategy? Do you still do options?
The costliest mistake one can make is not learning from their past mistakes - encourage you to cool it with aggressive trading for the time being and put your money into low-cost index funds. Your future self will thank the present you.
Sunk cost fallacy is a a difficult psychological issue for traders to avoid.
1. Always have multiple trades and ideally in both directions
2. Never have one position more than5-7% of your portfolio (which is earmarked for options trading)
3. If you can’t follow 1 & 2, then never trade naked options
Subject Expert
As others have said, you need to figure out if this is a gambling addiction before doing anything else.
Guess the first question is are you solvent? Did you lose part of your savings, not money you need to buy a house or sustain life? If that is true, I do think stop here and not trying to recover is the best option. I’d have to use the tacky phrase, things could have been worse. My uncle lost nearly 1M in futures in 08, almost had a divorce bc of that, and they had to sell their house and move to an apartment to recover. So maybe stop now before things get to that stage. A year of salary is what you can save back in maybe 3-5 years? That’s not a super long time compared to what one needs to recover from insolvency. Take some time away from the stock market, when you feel you are not in a big hurry to make it back, you can re-enter. Aside from a few lucky gamblers in the market, most people is gonna trend close to spx, which is really just 8% every year. You can’t expect you are gonna do a whole lot better than all those experienced trader and fund managers and be like buffet as an armature investor
As someone else said you have a gambling addiction. Chasing losses is how people go broke or die young. You need professional help and never play the market again.
Jason Kelly has a steady plan that's worked pretty well for me. Google him
When did you start the plan and have you ever had a loss year? 
Learn how to read charts and indicators. Simple understanding of moving averages and the macd will let you know where the support, resistance and momentum of the stock price.
How much is your salary?
Enthusiast
I think you need to accept the loss and automate your investing with index based mutual funds. That’s what I plan to do. I also lost about 130k in last one year. Were you using any options service and picking by yourself?
Coach
Solvency is key, I’m sorry for your loss, I hope one day you can recover the loss, but always make sure you have funds and backup funds to work with in these markets if you’re trading.
Coach
The danger of options is the time. You can wait out management recovery (see ETSY, $230 down to $160 now up to almost $300) after a few quarters, but imagine if you had calls instead of shares. How much cash can you shore out to extend the play? How many times can you average down? What’s your backup plan? Etc.
Every time I sell options they shoot up down, I swear they do it on purpose to screw with me
I’m so sympathetic to you and that sucks beyond belief! I would take a break, put your money in an ETF...close your eyes and forget it. Look up what the best traders make. There is so much bad info out there, it’s become like Vegas. Forgive yourself quickly & move on.
It’s an expensive but important lesson. It’s not a loss (yet). Think of it like that, and make sure you actually learn or it really is a waste/loss of that money. To spell it out for you, from what I can tell, the lessons are:
-This kind of trading makes you lose money
-You are bad at trading
-Losing money trading makes you very sad and unhappy
Take all these bad feelings and frustration and regret and imprint it into your mind so you never forget it. Remember how trading has made you feel and don’t go back to it because after this many times it’s pretty obvious what will happen. The result won’t change in any meaningful way.
Thanks took the advice here today. I was down $4500 on a bad trade and cut my losses. Because overall i am still up for the year.