u/SirNational258

Feeling pretty bullish today SPXW 7770 0DTE Call

Feeling pretty bullish today SPXW 7770 0DTE Call

I'm feeling pretty damn bullish today. Got destroyed yesterday blowing my small account (from £275 -> £550 -> £0) so now I'm back for revenge!

Need the market to rally. I can't even go behind the bins at Wendy's. No one wants service with teeth like mine!

u/SirNational258 — 1 day ago

How tf did I get out of this alive?

I got super lucky today. Been taking a few little wins trying to grow a small account. Realised today I'll need to pay capital gains tax if I'm going to trade CFDs so I switched to spread betting today. No CGT on spread bets in the UK because it falls under gambling.

I got brave and stupid, and got a little wake up call. I successfully got my account from £275 to £500 in 3 days, then today took a 30,050 0DTE PUT and a 30,000 0DTE put AFTER hitting my daily £100 profit goal. I took the 30,000 first then took a 30,050 after to try and offset some losses (another stupid move chasing losses) and the damn thing ripped for 2hrs right up to 30,250 (ish), putting my unrealised losses at £380 before crashing back down.

In hindsight if I held, I could've took a nice tidy profit on both but I'm just glad to get out with a relatively small £50 win, putting my total gains at over £200 for the day, although I do have a very small 30,300 call for £31 which is going to expire worthless, as well as a 30,000 PUT for £79 via CFD still open. The CFD PUT looks like it'll finish ITM though I may close it early.

Anyway, don't be me. Don't be a dickhead!

u/SirNational258 — 3 days ago