My amzn & Google naked put sell is In deep red . How to play it on Monday to recover the loss.

[ironchef]

I know several good traders there. Know of at least 3 that make 7 figures a year.

Only 3? Not very encouraging IMHO if I am a newbie reading this post.

 

[ph1l]

OK thanks. I appreciate the explanation. Is conditional probability the same as probability?

You are saying he has a 44.3% chance of becoming our president based on the odds?

No. https://electionbettingodds.com wrote he had a 23.6% of being elected U.S. President.

And if he wins the Democratic Party nomination, he would then have a 44.3% chance of being elected U.S. President.

 

[traider]

You can always earn the money back. It's not the end, hopefully this makes you feel better
View attachment 220263

Nice PNL

 

[bln]

1. I don't understand how did you lose $3000 (already by Friday) on the AMZN 1510 Put exp March, when that put was never worth more than $300 in the last few days.
Unless you've got 10 of them, or your broker (Plus500) sells $300 puts for $3000?

AFAIK Plus500 is a CFD/FX bucketshop. There is no real instruments being traded there. It's all virtual and the "broker" is the counterparty holding the other side.

 

[Sellingvol]

Volatility is high right now. You either could just wait u till the virus stuff gets on the sideline or buy urself some protective spreads. Or play this week's volatility.

 

[Millionaire_Raj]

AFAIK Plus500 is a CFD/FX bucketshop. There is no real instruments being traded there. It's all virtual and the "broker" is the counterparty holding the other side.

Thanks all for your posts . position closed with loss of 12k on margin shortage .
Need to recover . Sheer Greed .

 

[FMZ]

Don't worry, just make sure you are well capitalised when you gamble.
Realized 4K loss today

 

[monet]

You can always earn the money back. It's not the end, hopefully this makes you feel better
View attachment 220263

Don't worry, just make sure you are well capitalised when you gamble.
Realized 4K loss today
View attachment 220332

Well done for turning your 1M paper trading account into 1.5

 

[formikatrading]

Glad you survived! Lesson learned, now keep moving forward!

Thanks all for your posts . position closed with loss of 12k on margin shortage .
Need to recover . Sheer Greed .

 

[El OchoCinco]

Thanks all for your posts . position closed with loss of 12k on margin shortage .
Need to recover . Sheer Greed .

Where are all the fantasy put sellers who go on and on how easy it is to make money simply selling naked puts......

Also the best way to limit losses is to simply close the position. I think you will find the "Pray it goes my way" strategy rarely works.