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After about 6 solid options trades I took a loss

After about 6 solid options trades I took a loss on FUBO. It was all my fault too. I was being cheap. I wanted to save on dollar per contract so instead of pushing back the expiration date I bought a weekly contract. Bozo move.


That extra cash was insurance for the stock moving in the wrong direction even if it was temporarily. With options its not about just being right. Its about being right at the right time!

The way you get that time is by spending the money. Time is money. The more time you buy the better your odds and the less likely you are to lose money.

So what do I do with this information? Do I just give up options and say its not for me? Thats what most people do? But im not most people and neither are you. Im back in the lab, im hungry, im studying more, im researching more, im getting more education and tapping into these trading forums. Thats what a real boss does.

My next trade will be my best trade because now im armed with more wisdom from that L and from the education I stacked on top of the L.

This is why I tell people to practice. Bruce says that what separates a pro from a novice is practice. Are you practicing trading or are you just trying to jump to the rich part?

Practice. Join a community. Get these courses. Grow.... don't waste an L. you earned it.

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FRIDAY SALE

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