Options trader
I’m 23 and made my first million a couple months ago trading options. AMA
On your knees you mean?
yeah half of the million came from that
How much did you start with?
15k - blew up account 25k -> got up to 40k -> tanked to 11k and took 3 months off Started again with 15k, went up to 50k.. realized i had a strategy that worked this time and friend loaned me another 25k. So was trading with 75-100k account size most the time, took out profits above 100k for the past year.
What’s your TC?
I’m 23, recently learned how to do my own laundry and soon ill lose my virginity. AMA
Can you do both washing and drying?
Yes!
Are you trading mostly in 1 sector (tech, energy, etc.) or all across the market?
Actually started off trading actual shares in pharma industry. Would trade alot of stocks based on their expected FDA approval date. Now i trade your normal blue chips. Meta, Apple, Tesla, SPY, also size down and trade ford & AMD some days. Would recommend sticking to 2-3 stocks and only trading those.
What is an option?
An easy way to burn money. You click on buy and lose that much from your account
contract with a right to purchase or sell 100 shares of any given stock at a certain price on a specific date
What’s the most profitable contract duration for you? Monthlies, quarterlies?
Usually trade same week exp depending on risk. Will sometimes trade 2 weeks out if contract prices are too volatile.
Thank you
Have you options traded meme stocks?
No, funny story when i first got started trading i was mainly doing swing trades. Bought into AMC a few days before the huge overnight rip . I bought in around $3, had 3800 shares and sold them for $6.50 the day before the craze, i had no clue it was even going on. wake up next morning and it’s at $25. Didn’t trade it due to hype, just looked like a good buy based on chart
Did you trade on BBBY
I Don’t trade memes
Are you consistently making money or you make one successful trade that gets 10x?
consistently make money. The people who make it all on one trade never last longer than a couple months. I’ve seen it multiple times.
People who make it all in one trade should just retire after doing so.
Where can I buy your course
Don’t have one. If you really want to learn, put in the time on YouTube. Would suggest paying for a signals chat room as well. Don’t use it to just copy their trades… use it to look at their trades and see why they’re signaling those. It’ll help you long term
Ah, Youtube! And here I thought you might recommend studying Björk’s Arbitrage Theory and Hull’s Derivates. Boy those quant nerds will feel silly once they realize the answers were on youtube the entire time