Turning $1K into $25K

Google / Eng
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Feb 13, 2021 67 Comments

I'm very conservative with my investments. Almost all my money is invested in ETF funds across 401k, Roth IRA, HSA and 529 accounts. I also have some money on a taxable account on Wealthfront for an eventual down payment when I move out of the bay area.
With the exception of the Wealthfront account, I have no plans to touch any money on these accounts over the next 10 years.

This year I decided to conduct a more active trading experiment. I opened an account on Robinhood with $1K and the explicit goal to turn this into $25k over a couple of years.

In particular, I want to focus on trading options (calls and puts only) as I want to learn about it and this seems like a faster way to end my experiment by either reaching the $25k goal or $0.

Do you guys have any tips on growing a small account and trading call and put options?

My current portfolio includes call options on $COMS, $INFI and $RKDA and $TRCH stock.

Edit: I have no ilusion this will be easy. I just want to have a challenging goal to make it fun. :)

#trading #options

TC: 530k

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