WHAT IVE LEARNED ABOUT OPTIONS IS....
Its time for a post. The start of the year I started off hot. Market hot, crazy moves everywhere. I was capitalizing and seeing good gains, all while still learning what I need to be doing with regards not only to options, but to swing trading itself. This past week+ since I got back from my honeymoon, trades have not been going well. I have been catching some great wins, but ultimately giving back 60-70% of max P/L on majority of my wins. My average in Feb is capturing 37% of the total move, and even worse this past week its only been 31% with days as low as 15%. The market obviously has a new theme with these major downgaps but before these gaps were happening, my breakout trades were getting stuffed HARD. Take a look at EGHT, MMYT, any EV name, CBAT, plenty of others. Breakouts simply would not carry over into next day or two. So i got killed on a lot of overnight holds. I would be up 5/6/7R on day 1 of the breakout, then the overnight would gap lower and kill the t...