This is not the 3rd time this week I have lost money by cutting a trade to earlier, and at this point have lost almost all my profits.
Grew my $500 to 1400.
Last week, I had bought a Tesla call and it turned against me in the short term, I SHOULD have cut my losses quickly but didn’t. Lost almost $400 on that trade. Within a hour I’d been up a couple hundred if I had just waited and stayed believing in where I felt it was going.
Today, thought a HIMS call OTM contract with a strike of 64, it dipped down to around 61, and once again panic sold. So I took a good lost on that, but of course now that contract would have been ITM.
I don’t know what’s going on all of a sudden, but I’m closing out my trades now way to early, and not only am I taking a loss but I’m also loosing on the strike prices I was shooting for. At the point I’m questioning myself on everything and it’s severely messing up my account.