I'm going to take $1,405.35 and turn it into $100,000 using stock options.

Status
Not open for further replies.
Thanks man, good advice, but I have no debt, already fully fund two retirement accounts, have savings and two other trading accounts I manage, not counting the Roth I trade. I own my car, live in a nice high-rise with a girlfriend I'm happy with, and have a steady 9-to-5 with one of the big credit card companies. Just don't want people to get the idea I'm some degenerate gambler trying to strike it rich overnight with options like you make it sound. Maybe like 5 years ago when I first learned what options were lol

I said from the beginning that what I'm doing in this thread is for entertainment purposes, just to get the occasional adrenaline rush I need and not do it in another account, plus also run an experiment that people can learn from, and to get a conversation started about investing besides the usual boring crap. Not everyone wants to buy and hold hoping for 3% returns. I'm young so I can take chances.

Also, it's a good thing for most people here that it DIDN'T go so well, judging from the "Oh wow I want to invest money, oh nevermind you lost, so now I don't want to invest money anymore" posts. Had I nailed every trade I'm sure we'd have a lot of new option traders in this thread buying up all the .05 calls in pharmaceuticals expiring next month.

I for one am glad it didn't go so well. Don't get me wrong, I wanted you to succeed but not doing so right off the bat shows the reality of trading (besides, seems like you already succeeded in life). Doesn't scare me off at all. I'm almost in the same boat: steady job, pension plan and savings account. I'm excited to start investing. Learned a whole lot in this thread (still have a bunch to learn).

If you don't mind asking, what motivated you to start trading?
 
Damn, what happened MVP? You're down to $100!?

Yep, less than that now lol

I for one am glad it didn't go so well. Don't get me wrong, I wanted you to succeed but not doing so right off the bat shows the reality of trading (besides, seems like you already succeeded in life). Doesn't scare me off at all. I'm almost in the same boat: steady job, pension plan and savings account. I'm excited to start investing. Learned a whole lot in this thread (still have a bunch to learn).

If you don't mind asking, what motivated you to start trading?

Just wanting to make more money, the 9-5 life isn't for me, but even I could recognize that a steady job is valuable because when risks don't pan out, it's always good to have something to fall back on. Always looking for ways to make more money and take risks, don't like to outright gamble with no possible edge like slot machines or something, but if I see there's a possible edge in something, I try to learn it and I'll try it out.

I've made a living playing poker back in the day (not a good living, just barely scraping by) I've tried starting a business, and trading is just something I enjoy even though it's definitely a part-time thing. I wish I could live ggnoobIGN's lifestyle and just do it for a living, I'm just not that good (yet hopefully).

Just a couple of days ago I started trading through a different avenue, different instruments, so started with $100, after a day it's at $423.20 using what I thought or felt was a pretty conservative strategy. Maybe it just felt conservative because I didn't care that much because it was just $100, but it took a total of like 5 or 6 trades to do, with small profits on each. I was impressed with the speed that the trading happened and the commissions were low, the mobile app was incredibly smooth, it was just eye opening. I'm just sitting at work trading this thing on my phone, making money while I'm making money. It was fun. I might start a "part 2" thread using that instead.
 
Status
Not open for further replies.
Top Bottom