Yo. Impressive work. What are you looking for in a trade? What set qqq and apple apart for you?

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Well to start, don't do whatever you were doing. Best to just buy QQQ or SPY and let it sit there.

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Waiting for 10% drop in QQQ

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I think if you’re careful managing risk and watching IV it would work. The problem is people are leveraging up into positions that are over what should be their VAR, and they’re getting crushed because of it. This single trade wiped out a month of profits in a successful strategy, so my guess is the OP didn’t backtest anything before deployment and just tried to see what would happen. QQQ isn’t NVDA.

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OP. Congrats! Csn you talk a little bit about what made you take this trade? What was the thought process behind getting ITM QQQ calls?

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I mean they all move with indexes but given it was a tech earning week I chose qqq. Heck I chose qqq when it wasn’t earning week too. I guess I am biased

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To be honest with you, ever since I was introduced to QQQ 0dte, I just pretty much sticked to it and never did options outside of it. It was my first ever options play and the only options I trade until now. That's why I thought I could do the same for NVDA today, but you know the rest. For the QQQ/SPY question, I can't really give an answer for the greeks question, but I chose QQQ because it's an index that focuses on technology and other high-growth tech companies, which made me just stay with it.

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For the entire month of April (1-30), which is 22 trading days, I got 16/22 wins. Though it's 6 losses, I actually only count 3 of them as an actual loss since they were above $100 ($433.40, $195, $238). The other 3 were tiny losses like I just spent money on food ($25, $40, $15). For this month of May though, so far 2/3 wins. Got a really nice start from the FOMC meeting. But today...Yeah it was bad. Would most likely have been a win if I sticked to QQQ, but I was feeling really greedy today for NVDA and ended up being a regard lol.

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Quick question … why QQQ and not TQQQ. Or UPRO instead is SPY? Do the “the greeks” favor QQQ or SPY?

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Why trade qqq over tqqq 

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