How I Lost $2,362 in 1 Day Trading SNAP Stock Options!
I am getting my butt kicked on SNAP calls! Why do I keep adding like a WILDMAN?
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I posted a video late Monday showing how I was down nearly $2,400 so far in my BIG earnings trade of the quarter position, Snapchat (SNAP).
Am I worried? Heck no! But we keep it real around here so I thought it worth sharing — sometimes you gotta see how the sausage is made!
But I still managed to close the day down only about $11, even though I’m down about 20% on my SNAP position — a position I’m still building.
When I started this position, I mentioned I’d be looking to go up to $30K on this position…
Along with a warning to NOT try this at home!
Check out my video for a full rundown of where I’m at in my trade of the quarter!
I’ll also show you how I’ve been making up that ground on other trades!
Highlights:
🤑 I’m down $2,362 on #Snap options, but planning to hold through earnings — and add more!
📉 I’m down 20% on the trade but using other trades to recover losses.
🍾 Hoping for a big short squeeze that would double or triple my initial SNAP investment.
⚠️ The importance of proper risk management — because if the trade doesn’t work out, I can afford to take the hit.
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.