Buying Swing: buying 395 weekly calls at .45-.49 area and

[MMASSASSIN]

Buying Swing: buying 395 weekly calls at .45-.49 area and shorting 395 puts at 3.65-.50 trough 390s at .50 both OVERSIZED. This has been a very bad week after a very good week last week. I have a full 9x oversized at risk of 100% loss already and with these 2 entries, I add even more risk of loss for the week. These positions are meant to erase some losses in a week where I could not position with short volatility and the main mistake of the week was exiting the TLT long calls that served as a hedge. TLT calls went deep in the money but 2 days ago I let go of that critical hedge. so again this is why sizing in options is so very important, last week I forget how much we made but it was about 15X OVERSIZED pure profit and this week already close to 9x oversized loss with more risk of loss to come. I see options trading as a game where you have to put chips on the table so make sure they are of a controlled size because when the market is difficult you will have losing hands but the poker player that dose not make bets dose not win the game. In the end a total of 9 plays giving 100% loss in a week is a very very VERY VERY bad week but in options one play can erase all those losses . This is one of the worst weeks I have has in options but its still docent erase last weeks gains. And last week where we made about 15x oversized profits that was by no means one of the best weeks we had just a very good one. The reason I mention this is because yesterday I found out that someone put 50% of there account into an options play when they should of only put no more than 1% of there account in the play. Sp please guys size properly if you have a small 25k account you should put no more than 250$ per options play. a thousand % gain on 250 bucks for a small account is still good money. And for larger account the % U put into options gets even smaller. OK just beating that into the newbies

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!