I actively started trading options over a month ago. I spend a couple of hours every day researching stocks and understand their social sentiment values and determine the swing by looking at charts. So far I have made successful calls. I am not a financial advisor nor do I sell courses lol. PLTR, NVDA, AMD, TSM, SMH, SQ, AMAT, Scalping SPY calls. Biggest gains were from TSM as it so undervalued and has lot of opportunities. I have made calls on GOOGL at $150 (very low right now), SNOW at $250 spread (earnings this week). I started with $300 and the profits made me reinvested in buying more calls. Based on the earnings calendar on NASDAQ. TC :190k
Whats your strategy? Whats different? How do u do analysis? There are like millions of videos on Youtube who claim this everyday. I made similar with CC so hard to judge if u got something concrete than just pure luck.
Tbh, we are currently in the buy-the-dip zone and 32% over a month that too with options is fairly doable. Things turn when suddenly the dip doesn't get bought.
Just wait, you will loose it all. Trading options is not investing, it's gambling as the house has all the advantage. Trading options just has way to many moving variables that you cannot control. Even if it the stock goes in your direction, your timing might be of by a day and then your screwed as good old theta, gamma, or volatility will go against you, even when you by longer term contracts. Either stick to trading stocks or futures, IMO nothing beats futures (for day trading only) due to low account requirements (can start with a $3k account), no PTD rule, can trade all day with no penalties, and the awesome tax advantages for short term capital gains. Took me years to learn this. Good luck
Yeah those micro futures were a game changer. It’s not really “off by a day”. It’s that the banks writing the contract realize it’s profitable to shove the market left and right until the contracts expire. It’s the same reason that the market tends to make major pivots around March 15 - quad witching
What trading platform do you recommend for futures?
You’re risking way too much on each trade. Go calculate your risk of ruin.
You are risking too much by staying at PayPal
I use tdameritrade, yes it's costly but worth it for me as I like thinkorswim platform. Tradeovate is cheap but as others mentioned it's not as reliable, and platform hard to use initially. Tradersync for journaling my trades. Love the calendar view. See photo. And I only trade one product, micro mini-nq (/mnq). I like focusing on just one item, learn it like the back of my hand, and trade it all day. It also trades better than /mes in terms of volatility and respecting identified S/R. I don't trade more than 3 contacts at a time. It's less risky and let's me control my emotions better. At end of week I withdraw all weekly profits and only leave enough for 3 contracts with some buffer. ~7.5k And once in a blue moon, I will risk 200-400 on a 0DTE call option for /mnq, /mes or SPX when a market has a swift and hard sell off. I rarely do this and know it's a gamble but generally just trade/mnq future contracts all day as it provides a consistent way of earning a small income.
If you do that consistently, you might be ready to size up. Have you looked into prop firms? If most your months look like that, you’ll be able to get funded accounts.
That does seem like the logical thing to do but I've come to understand that my emotions are harder to control when sizing up and trading with more money. Found that 3 contracts is my comfort zone that allows me to think clearly in this market. Maybe one day I will revisit this but right now just want to keep it simple.
Everyone is a genius during a bull market.
Very true but my trades are 60% short and 40% long.
Made $1500 yday on Google's stock drop ;-)
What is your risk management strategy? If you don’t have it, one day you will have your ass handed back to you, hard.
I do long straddle
what is long straddle?
I guess those snow calls are worth crap now, eh?
Lol! I got a spread ;-)
Anybody won in the stock market in the last month. Wait until there is a bloody week before you think you know how this works.
I had a bloody day too. But that is determined based on the social sentiments and chart swings.
If a bloody day was bad, imagine what will be like a bloody week/month or year. If you can handle then you are good, just don't think you are too smart because getting the market direction is easy until it is not.