Key insights
- The post reflects the struggles of a retail day trader with risk management and adherence to trading rules, particularly in the context of 0DTE options. The trader acknowledges self-sabotage through revenge trading and impulsivity. While it highlights the risks associated with speculative trading strategies, it has a limited direct influence on the broader US equity market. The trader's experience mirrors the challenges many retail investors face in volatile market conditions.
I like trading 0dtes, maybe too much. Some call it gambling, but i literally sit on TOS and watch as volume pours in on one side or the other, leading to massive gains across the board, but some how some way i always am the "Johnny Come Lately" buying high and selling low. Anyway i blew up the account about 2 weeks ago, and have since witheld my deposits until i can truly figure out what the deal is, or provide a better value elsewhere.
(go figure the week i hold out, is the week we dump 2%+)
All this to say, every account blow up happened because of one thing and one thing only. Me, not sticking to rules, revenge trading, getting distracted, etc. Its my fault and i am responsible. Ive tried to create rules, but none of them ever stick, i have found success in one rule in particular "take the money as the market makes it availible" -clipped from robert monroe; but then i fail to follow that too. Any advice