Key insights
- A retail investor avoided a potentially large loss by not going all-in on SPY or NVDA puts, following advice to avoid high-risk strategies. This reflects cautious sentiment among some retail investors, which can act as a contrarian indicator, but the overall market impact is limited.
After I lost $20,000, I was thinking about full porting puts that would have expired this Friday on SPY or NVDA. If I did it I would have lost every single penny if I held it.
Instead, I kept the money safe, and most of you recommended I don't go all in with shares + leverage on a single company in this clown market. Just wanted to give thanks. I am up $1,700 since i started this journey. Gained valuable experience to never rely on being repeatedly lucky all the time.