I started my options journey thinking it would be a way to make quick money. Today, the “quick” part finally caught up with me and I blew my account.
In the beginning, I had a few good trades. One of them was around +700%. The beginner’s luck messed with my head because after that, I kept chasing that feeling. I kept thinking I could recreate it, but the reality is I never did.
Recently, I’ve just been gambling. I knew this, but never knew when to stop. Whenever I’d lose, I kept digging myself further and further into a hole trying to revenge trade. When I was green, I couldn’t even hold onto the profits because I was scared of losing them, so I took tiny gains. But when I was red, I suddenly had no problem risking more.
To date, I’ve lost $1.4k. I’m stopping today, or at least for a while.
For anyone who’s been in a similar spot, I’d be curious whether taking a break helped you reset, or whether you eventually realized options just weren’t for you.