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JDmexican_92 OP t1_iyersrt wrote

Reply to comment by MorePlease1390 in $20k to $300 by JDmexican_92

Both times was on QQQ. Honestly my next move would have probably been on Dec. 14th for the next rate hike meeting. Probably $1k in call options half an hour before the meeting because it keeps jumping before each meeting lately.

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Skrotum t1_iyeuarx wrote

Maybe do the opposite this time

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JDmexican_92 OP t1_iyew1nw wrote

Calls would be the opposite this time around since I bought puts the past couple times. Technically it would have worked the first had I held them until near the end of the day. This time it seems calls were the better choice and my puts were fucked. But I really don't have any money anymore except for about $300. And I'm now in full budget mode after this. I can't afford to lose anything big past what I've already lost.

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Skrotum t1_iyewno3 wrote

You lost $20,000 in short term plays and have $300 left?!?! You need to get off this subreddit

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JDmexican_92 OP t1_iyeye6y wrote

To be fair, I made $40k in short term plays originally. After taxes, I took out about about $15k to keep with my savings and left another $13k in my account to keep trading and brought it up to $20k this year only to just lose it. I still have $35k in my bank, but that's money not to be touched.

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Think-Dig-3425 t1_iyezprh wrote

Word to wise, wire your broker 35k and go back in on puts lol

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JDmexican_92 OP t1_iyf1zfn wrote

I'm gonna laugh if next rate hike they do 75 points and completely reverse back in the opposite direction. I likely won't be trading next one, but I'll monitor it just to see how the markets react. I swear the markets just rally on nothing/bad news lately only to come back down after puts get fucked.

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