r/wallstreetbets
Options Strategies
Retail trader complains about consistent losses trading SPY 0DTE options and asks for advice on improving strategy.
- The post highlights the high probability of loss for retail traders using 0DTE strategies due to gamma risk and noise.
- User's experience of being 'always on the wrong side' reflects the difficulty of timing short-term market movements.
Basically, I thought I had an understanding of options trading but the amount of money I lose on a daily says otherwise. I trade SPY ODTE but seems like I’m always on the wrong side of the coin. I place a call and it goes down, i place a put and it goes up. I know this is the reality for a lot of people but I’m tired of it being my reality. I know 0DTE calls/puts are risky but I’ve been told that’s a fast way to grow my portfolio and apparently how i reduce my portfolio as well. How can I get better at picking calls/puts? How can I identify what’s a good stock to pick? How can I improve my technical analysis? I’m just tired of losing and want to join the winning team. I’ll watch whatever videos or read any book I need to get a grasp on this.