First ever fly rescue mission

 

First time i can recall placing the trade before market opens

because previous day there was a big dip in the stock market

my logic is to sell puts when there is a dip

and today opening will be the best time to trade

to make use of the dip yesterday

rather than look at how the market will perform when open

also first time flying rescue mission

a term coined by Markus

which is very interesting

and you are not totally out of the wheel game when the price crash

you can still lower your cost basis

the logic is to use 1 third of the initial bet

to buy when there is a 30% fall

and hopefully at a support level

for example, initial bet on TTCF was $10k

so use around $3k to enter when the price drops 30%

I think it lowers my cost basis from $20 to $18