$ASML 20260618 1460.0 CALL$ I managed to close out my ASML position last night, taking the opportunity to exit with a much smaller loss after the chip sector's 7% surge breathed some life back into the price. This particular trade was a wild ride that started just before the previous earnings, initially trending down before a massive rally pushed it over $5k in profit. Unfortunately, I didn't lock it in before the geopolitical tensions in Iran hit the brakes on the entire market, sending the position deep into the red for an extended period. Between the heavy paper loss—which hit $8k at one point—and the relentless theta decay eating away at the remaining time value, it was a stressful hold despite a decent earnings report recently trying to bridge the gap.
Taking this hit was a necessary step in my evolution as a trader and a valuable learning journey that has already reshaped my approach. I’ve since pivoted to a much more disciplined strategy by significantly shortening my timeframes and aiming to close positions within a single day whenever profit targets are met. This new focus on locking in gains quickly rather than weathering long-term volatility is already proving to be far more effective. While it’s never fun to realize a loss, the clarity I've gained on risk management and capital preservation makes this a trade well worth moving on from. Trade Feed: Who is your favorite trader?
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