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If you could only give one piece of advice
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If you could only give one piece of advice to someone who wants to be successful at using theta strategies, what do you think would be the most beneficial thing to tell them?

This advice would apply to new or veteran traders.

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TSLA has gone from 300 to 400 to 300 to 200 to 100 to 200 to 300 to 200. I own too many shares (cost basis ~20) but theta on covered calls has helped offset the declines at times.

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1 year ago