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This is from one novice trader to another and my own personal conclusions.
1.) Unless you’re super confident on stock movements; don’t YOLO most or all of your portfolio into a single option.
2.) If options don’t get bought at the opening bell, leave it be unless, again, you’re super-confident on the stock’s movement and are willing to pay a higher cost.
3.) Be sure to read up on the company and any recent activities it worked through. Movements can simply be movements with no firm basis to justify them and don’t reflect potential forecasted projections.
4.) Don’t get hung up on the FOMO/missed options chances. There will be other opportunities, and being hung up on what was missed is bad for your mental health.
Again, this is from one novice trader to others on here. Naturally, the trained and experienced ones on here will say more or counter what I say; and I welcome that. I intend for this to be a learning discussion; something I feel is sorely lacking on this sub-Reddit.
Of course, this is Reddit where finding diamonds in a pile of trash can be difficult. Still, I think some general sane advice would be a welcome addition to what is normally posted here.
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- 10 months ago
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