Zero To Hero Challenge Ep3: The Dust Settles
The aftermath of yesterday's destruction was still settling in as traders felt sheepish about buying this dip. Some have probably already been buying, or are waiting for a larger drop with dry powder on the side.
The best strategy is to dollar cost average over time as nobody can truly time the market tops or bottoms. This volatility is always welcome to options traders as we make all of our profits from price movements.
Amazingly I made back all of my losses today after hours to see a very slight profit.
Today's gains or losses
I shouldn't have bought into the AVAX, that was a dumb move because I was bored and got greedy. The cash could have been used to buy the dip instead of putting into crypto. Also the $5 I punted into the $403/$404 SPY call was silly- shoulda saved the cash!
Lessons learned... dont gamble just take my small wins and stack them.
@ecosaint please bless this post with an upvote!