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?