Submitted by squeakychain t3_ygz2og in wallstreetbets
What about risk management?
I can’t stop but wonder how so many people let themselves lose so much money. Don’t you use a Stop Loss or any way of risk management to reduce the losses to a minimum?
I strongly believe that in order to make money you need to learn how to manage both the outcomes of a trade.
Stops and condoms are choices… and incredibly terrible feeling ones
Poetry
Came here to say this. Stops and car brakes are for pussies
Thank you ,anonymous stranger, for the gold.
The stop on 0DTE is….well…0
I used my last 70 gold for that award. You’re speaking the truth.
/r/investing is that way >>>
Well this sub use to be about options gambling, not sure what it is about now. Memes and Wall Street conspiracies perhaps.
This sub is still all about options gambling to me.
Now... It's nothing but an echo chamber of self pity, excuses, shitty plays, and ABSOLUTELY depressing loss porn. Remember when loss porn included positions, history and a chart that looked like a roller coaster transformer snorted a gagger of coke and ketamine at the same time? Those beautiful "holy fuck I'm retiring' highs and the 'OMFG is it gonna go back up dips' and the 'WE DID IT' back up to a new high and then the 'fuck..... game over' plunge. Now it's just one straight limp dick, wet noodle line plunging straight down to ZERO and a run of the mill, cunt, refusal to accept risk and consequences of your actions 'Omg guys my life is over' post.
I think you need more ketamine
I think you need less bitterness.
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It's turning into ZeroHedge
Been here for a few years. Sub has completely changed. Gamestop was a blessing and a curse.
You forgot all the politics.
We don’t do that here
It's like what part of lambo or homeless do they not understand?
There is no risk, you just delete the app. This guys ☝️huh
Stonks only go up. Gtfo of here w/ your bs.
Love ya
Love you too bro.
Sorry for my anger. I’ve been going through a lot lately. My wife’s boyfriend has been being a jerk and I got let go from Wendy’s. I don’t know how I’m going to afford my payment on my Tesla with all the TLRY bags I’m holding and no more free Dave’s Doubles.
Start an Onlyfans and sell pictures to idiots online of unknown pornstars that you get from bing image searches. Been working for me ☺️
Unlimited money glitch discovered
Sir this is a casino please leave.
TF is that?
conspiracy by lizard overlords to make our lives boring
ma'am this is a casino
when u set a stop loss the mm gods snipe it then hard reverse every time. noob
The definition of what these brokerages use order flow for.
Sir, this is a Wendy's. Take a frosting and gtfo, risk management my ass
Half this sh*t fake for the lulz. It’s entertainment. Like Cramer, but different-not different.
I can’t even express how retardedly stupid it is to use stop losses
This is not very regarded…
One of the biggest reasons... Daytrading. Short term trading is the hardest fucking thing ever to learn and once people figure out it's WAY easier, less stressful and far more profitable to buy Jan. 23 expirary options, then they may actually start making some money, especially considering in THIS market they're bound to hit one way or another because by that time I guarantee the options will touch the money whatever direction you bought them in. PLUS, the 'get rich quick' mentality among new traders is just such a strong, magnetic force few can resist it.
I guess with the volatility we re experiencing, we ll make money with puts and calls at least 10 more times by the 23 of Jan.
I mean nothing is certain, but pretty much, and if you have to cut a position just hold tight until your loss becomes more managable. Of course not YOLOing is a good idea, as always. Lol. Honestly, RSI is 'usually' not a good indicator, and it's very dangerous calling a top or bottom, but in this market, I find it useful. Especially to see overbought/sold conditions, but trying to time those conditions down to a fews days or even a week is just a fools errand and daily charts/patterns/etc are so apt to reverse at this point there's honestly no point at all in trying to day trade unless you're a very experienced trader with the will/know how to IMMEDIATELY cut a loss, because holding any position of any size right now can blow you up reallllll fast. Of course, another huge reason is everyone here is looking for 500/1000% gains when we all know, yea, it's cool, but it's just stupid to try for that shit time and again. It's downright unhealthy and anyone that's done it and went onto survive knows it.
> Short term trading is the hardest fucking thing ever to learn
lol, calm down with glorifying gambling. You're just guessing, and sometimes the game of chance is in your favour, sometimes not. Returns are mostly Gaussian noise, and any faint kurtosis/skewness/fatness of tails/correlations is barely captured by most of the degenerates. On top of that, option greeks are rarely discussed here. I had to go out of my way to learn that stuff. The math is all nice and pretty, but in real time, unless you got dedicated programs linked to data coming from your broker (forget about directly interfacing with exchange), most people are just running on hunches. Even all that effort seems like a mockery, considering someone will get lucky with a YOLO and that post will get pinned to celebrate the survivorship bias.
Whether a bull or bear or kangaroo market, there's no value investing of any kind. Occasionally, some finance student or trader drops in, shares a dd (who knows out of kindness of their heart or just trying to pump the instrument). Rest of the time, we just like the thrill of throwing real-world money after things we barely comprehend.
There are many profitable short-term traders out there, but it takes years to learn. Hence why there are so few because they run out of money, determination or everything else long before they reach a point to where they can actually become consistently profitable. It is possible and doable though.
Sir this is a Wendy's
Stop losses are only good for locking in your loss.
Risk management comes down to how much capital you put at risk, nit setting yourself up to get stopped out.
Most dramatic moves are pre or post market, so most stops won't save you anyway.
I agree, however I think that as long as you are day trading you should open and close every position before close, if willing to swing then you should decide before trading how much you are willing to lose.
Day trading is a meme. Literally no retail investor is a successful day trader. Just doesn't exist. Only con artists will claim otherwise and they're always selling a discord server or subscription too.
If you're "day trading" then you're going to run a negative cash flow operation before long.
Law of averages applies to capital markets and it's why "buy and hold" is also a meme: fewer trades are much more advantageous than "day trading".
This alone is probably why 99% of this sub is negative on an absolute P/L.
Stop loss? Never heard of her.
Sir. This. Is. A. Wendy’s.
Rules ? We don’t want no freaking rules here
fuck you commie!!
Because we like to gamble
Some win some lose
Most of us are problem gambler degens
If my option drops 30% I'm ok with that because ik it will go up 300% tmr......
Sir, this is a circus.
Risk shmisk i like the action
After you finish breastfeeding head over to r/stocks with that shit.
Ban.
Don’t think I ll ever stop
They think they have a plan but they don’t know what they don’t know yet . Even multiplying stop distance to share size isn’t thought of yet .
Embryos my friend , embryos
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After you get stopped out of a trade that turned blacker than Bezos’ heart and realise that your trade data is shared around you become less inclined to be an unlubed hole and more inclined to lose it all on principle.
Stop…loss?
all this time ive been losing money… I didn’t know i could stop it
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Never ever use stop losses when trading options. Just buy more options to hedge.
Hay these guys " losing money " I'm certain thay are not as dumb as it would appear. If I had half a mill I'd throw 25k into a account and wreck it for show.
Lol stupid people born with/gifted money are funny to watch. Let ‘em lose it all.
Obvious troll, ban.
This is WSB gtfo with that r/investing crap
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Just speculating here, perhaps its some hybrid mentality of this community embracing loss porn coupled with the rationale that any losses can offset the capital gains?
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Some people here are rich and can afford the losses. Others are gambling addicts
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Sir this is a casino.
giantdoodoohead t1_iub8a6a wrote
Stops, like recommended dosages, are for pussies