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Can my option traders help this friend?

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Sep 19, 2021

Hello Sir, I agree with you that I m loosing money with pumpers , they say entry is .45 on options by the time it comes to me it will be .55 that means they already profited 20% , if I enter I am loosing money , what you are sharing is very motivational , I lost so much money.

11:23 PM · Sep 19, 2021Twitter Web App

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and

Find a different strike if he wants to trade off alerts, usually the strikes they call are front loaded, you can change strike and keep expiration for similar moves. Just gotta know taking options “alerts” you will 100% get bagged. Also needs to make sure open interest and 1/2

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and

Volume on the strike that he’s trying to buy are both high. Low open interest and low volume are both ways you can get stuck with a contract you can’t sell back easily. If he doesn’t know what that means needs to do some reading before trading options IMO

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and

I put an order pm on Friday for NVDA puts was off by .01 n filled .07 higher on the retest all took like 3 min. I know a few who buy the open daily. Its all based on ur knowledge experience n trading. Not much different than buying a small cap at the open

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I’m just reiterating what Brian taught. Don’t follow pumpers blindly. 0 dte options move very fast so don’t chase

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So Im seeing a few issues. 45 to .55 sounds like its a small cap and/or bio. Those r more a day trade unless u see a long setup n grab monthlies (which u shouldnt b chasing).

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Secondly a 20% move is nothing on options but a few ticks. U should b looking for 5 to 1 r/r which tells me these r day trades n likely scalps