Huge Options Trading Blunder #11: Market Orders on Options Spreads

Рет қаралды 10,287

3 жыл бұрын

Learn the top 3 trade setups we are using on the desk here: smbu.com/seth
#OptionsTrading #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

Пікірлер: 19

@smbcapital 3 жыл бұрын

Upcoming Options Workshop >> bit.ly/2C8F473

@desertlogic222 3 жыл бұрын

I’ve been having success lately scalping 0DTE debit spreads. I was able to get a 14x going into the close today and ALWAYS use limit orders.

@MarkElDeiry 3 жыл бұрын

Interesting. Can you explain what you did? I'm a big fan of short expiration times for some reason. I've done relatively well with it but it is supposed to be a more high risk strategy. But I have never done a debit spread of any length of time, and I'd like to learn about it if you would like to share.

@wordTwoWise 3 жыл бұрын

Yes indeed a "market order" upon option entry is virtually donating all your potential profits upfront.... it hurts 😬 but I'm fine.😢

@smbcapital 3 жыл бұрын

thank you for your service market maker :)

@MrCurtis61 3 жыл бұрын

Great lesson , Seth!

@smbcapital 3 жыл бұрын

thx Curt!

@ihtfp004 3 жыл бұрын

Market orders for complex options orders are asking to get raked over the coals.

@smbcapital 3 жыл бұрын

absolutely

@timb4695 3 жыл бұрын

Yes and it can get ugly when you are exiting a trade going against you quickly. You try to do a limit order to exit and it keeps gaping down or up!. Yuck!!

@justinidiot7161 3 жыл бұрын

WoW. I made that mistake on a simple put debit spread. It stung, and I was like, hey its only an extra $40. But the trade didn/t move as far as I predicted. I managed it for $2 loss (contract fees). But, that would have a gain v breakeven-ish. That's when the sting started to feel like a burn.

@westonselna5892 2 жыл бұрын

I made this error on my first options trade, wet it up on a the Sunday night in anticipation of a morning fill. I was filled, but only after my stock gapped down serveral percent, tanking the whole trade, a jarring loss in the first 5 minutes of the day. 😔

@Th3Ruhl 3 жыл бұрын

I made this mistake on my second ever trade. I always make sure it says limit order before submitting

@smbcapital 3 жыл бұрын

we learn from out mistakes

@zer0gravity184 3 жыл бұрын

Is there ever a time that a Market Order serves as a benefit? BTW, I created a new options strategy called "Dip the cow in Hot Sauce". For the last three months, it's made me millio......ok, maybe that's a different hobby of mine.🐄😋

@zer0gravity184 3 жыл бұрын

What's up fake SMB Capital!...😏

@smbcapital 3 жыл бұрын

that fake account has been so annoying! Every time we block them they come back