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Thursday, October 03, 2019 4:09:51 AM
Daveywavey1 :
.0025 is a position close enough to "all .0001" to be treated the same. Focus on what you control (your decisions), not what you don't (GEX behavior).
Decide - commit - execute.
1) Decide "In" (hold) or "Out" (sell)
If holding (sounds like your plan), decide ASAP whether to downsize the position or not. With 40m, easier to do at .0001 (4K) than .00025 (10K), so I get it. Stay with your gut, but start downsizing by Thanksgiving if you change your mind.
2) Risk / Reward
Big gain on the pump, vs.
Expectable 20% loss if you ride the split.
After The Split
*The best time to sell on a RS is in the first 30 minutes on the split Open (9:30-10am). It's the only time you can make / get out even / or mange losses to under 20%. The Open is the only time there are a small number of new speculators buying. They'll get filled by 10am, it's all down from there.
If you accept the 20% risk and execute the 30 minute rule, you'll get what you expect. I've actually made money in the first 30, never after. Don't expect or hope to. Never "hold for the day" on a RS, it goes bad to worse. The risk strategy is "a controlled burn."
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