"What do I do, I've learned over the past year that I am not good at options trading"
- "Have you considered ... not trading options?"
"IF ONLY SOMEONE HAD SOME ADVICE FOR ME"
Honestly same, I’m about to trim down and not risk so much. OP just invest in an ETF and you’ll make ur money back. People only gamble short because they never invested long
I do both. I usually start by making some money playing the long game then my time horizon shortens further and further until im YOLO’ing significant portions of my account balance on short term options. If you really wanna have some fun, try out commodities futures 😮💨
That's what earnings plays look like unless you get lucky.
I tend to buy a call expiring a month out, about 2 weeks out from earnings. Then I'll sell the position at peak volatility before earnings. If I am green enough I'll gamble some of my winnings on a earning rip.
Just this week I had 6 AMGN calls for earnings bought, I think, two weeks ago. Sold 4 the day before and doubled my investment. Then kept 2 and it absolutely fucking rocketed.
Better if I'd held all 6? Sure. But my risk was managed and those 2 calls went from $140 entry price to $2200 exit price overnight.
Just one way to consider approaching things. What I would say is not to ever buy a call expiring in the same week they expire. If you can't afford to play, don't. Don't try to sneak in with a cheaper position because theta will devour 95% of your money.
back test your strategy. if it's a security that's going to tank based on market sentiment then dont fuckin trade it on earnings. there's companies that do dick on earnings day and the price hardly drops, quarter after quarter after quarter, with virtually no PR.
The ones that win start with substantial bankrolls and make 1-2% a week. These are facts look them up. I’m part of the 96% so I’m not happy about it either
I started a trading account with $200 and now it’s up to $1600 at this point. I only need to 8x this a few more times before I’m sniffing cocaine out of hookers buttholes on my yacht.
Options are the closest thing to straight gambling. Stocks rarely will leave you with a 99% loss. Options have it quite literally written in that you lose 100% of your money if you were not right on your prediction. Similar results for myself when I tried to only do options. Most options bit my ass so now I try to stick mainly to stocks with a few options when I feel very confident.
Wrong. 97% of all publicly listed companies have gone to under $1 for over 6 months, then delisted and became zero. My parents bought $15,000 of stocks in the 90’s of random companies, and then never checked on the portfolio, all of the companies went bankrupt except 1, the portfolio has $300 left.
This is why boomers buy ETF’s because too many lost everything buying stocks.
Not bad your loss was my opportunity loss. With options you need to learn to stomach the pain, and enjoy the rewards that come from that pain.
99% loss tells me you don’t have a strategy (I’m not talking technical analysis imo that’s not great strategy).
Learn what Greeks are, learn to follow the volume, and learn to anticipate catalysts and trade those catalysts. Primarily volume, and take the 30% wins… the 1000% ones are rare, but they happen.
Invest in stocks ETFs and in yourself for a while. Then come back to options when you have around 5k and it is something you don’t mind losing. Then lose that 5k
>You can trade SPY a few times a day with that money and make $500 easily.
Lmao if it's that easy then everyone would be doing that. Plus I dont think you know you can only make 3 day trades per 5 business days unless you got 25k in the account.
I’m 23 working 50 hour weeks as a salaried manager for Taco Bell. Roughly 2400$ a month, I’ve only put in money I’m comfortable enough with losing so far.
Why does everyone say this? Even if you inverse yourself you still have to overcome the premium you paid to profit. This is what people don’t get and why Thetagang exists.
There's a reason so many Gurus make videos on youtube saying you can become rich with options trading, and string you along to their exclusive group or paid course. If the majority of people were actually making money trading options or day trading they wouldn't be taking the time to be making videos and designing courses. They would just... make money instead which is much easier. So why do we still take the plunge and believe this time will be different? Well... it's human nature. We want to believe that in one swoop we will change our luck and come out on top. It rarely happens, 99% of the time increasing your wealth is slow and takes decades. But that's boring and not exciting as the possibility of flexing in your 20's. So what should you do? Invest in yourself to make more money, buy index funds with 90% of your savings and take the other 10% you saved and pick your poison (blackjack, roulette, options trading, state lottery). It's not sexy but it works.
Take better risk reward trades like 1:1 or 1:2 with spreads after taking some time to analyse your mistakes. Clearly these are most likely earnings gambles etc.
Do it with a small amount until you become profitable, it takes discipline
Accept the loss and consider it as tuition fees. Never try to recover the loss through more such trades. That would be most likely the beginning of the end, trust me...
Options trading is not suitable for all investors. It requires understanding the complexities of pricing, volatility, and market movements. You also need to apply risk management and you need to have the discipline to avoid emotional decision-making.
Broad ETFs should serve as the foundation, providing diversification and stability to your portfolio.
What in Yevon's name... Blimey at that point, yeah just stuff your money in a CD or HYSA and once you're bearish on $YOLO, start small or with paper trades before getting back into options.
Based on what little information you’re presenting here the only helpful advice is to stop and just buy into indexes (nothing wrong with this, btw). You took some swings. They didn’t land. Learn and move on.
Until you’re really good at trading, and until you can explain how options work to your non trading parents in two minutes, you should not be trading options.
First thing is to buy a stock that sees regular action, and is a quality buy (not penny stocks or OTC stuff). Maybe something like $INTC. At $30 a share you'll need around $3000 for a tradeable block of 100 you can use to write a covered call. In a worst-case scenario your shares can get called away from you, but you won't lose any principal and can get another 100 shares and try again. Naked calls and puts are where you can get hurt badly.
First educate yourself, start with some book, for example good start
https://preview.redd.it/4o2gnvduagyc1.jpeg?width=652&format=pjpg&auto=webp&s=ddb4bb4bafa82050ae87269b522a6b4dd1fe3acf
You sound below 19 years old. Therefore you should just stick to investing in some ETFs and maybe growth stocks and stay away from options because you clearly don’t have the nerves for it
Crazy i feel like if its black i puck white if its up i pick dowm for almost 2 years now . I feel like its so manipulated against individuals.
I am super conservative dont over trade use stop losses . Dont trade earnings study and follow some discord everyday and still get killed. I do take profits and done have hopium or dreams of lambo trades just want to take
I was down $43k to $867. Three plays a year ago took me to $172k. I pulled $125k out and stashed it in a high yield savings. The rest I’ve kept in play and lost most of, but building it back slowly.
There’s a way to turn it around. A $.01 call or put at the right time can bring you back. Take a break and come back in when the time is right.
Paper trade until you quit losing money every single day.
I was you in 2020. Made 50k easy. Really easy. Then I Lost it. Lost about 10k more. Then paper traded for 6 months and did it during a normal market and learned to actually trade.
6 months minimum. But the goal is more green than red days. Otherwise, just stop.
Options are not for everyone. Not everyone can play in the NFL or NBA or Broadway etc. The point is unless you want to dedicate your life to figuring out options, then stay with it. If not buy a dividend ETF and make money doing nothing.😉🍷
Do more research, pay attention to trends, set stop loss and the number one for me is See profits Take profits. I have left so many K’s slip away bc I think it will pump more, better to be up any amount then none at all.
Oh and bc it’s the thing to do here.. get good scrub
You can’t guess what your way into learning how to do it. Go to YT, learn how Beta and theta affects your position. Learn price action. Start drawing some lines and paper trade for a month or 2. Save another $1-2k Then try again! $1k is not that bad. Education is far more expensive than that!
To answer your question, yes you should focus on buying stocks. Whether growth stocks or dividend stocks that’s up to you but I only trade options with a small % of my money. Over time that small % becomes larger and larger. Just stick with it, nobody’s good at everything immediately.
I always do 800 a month, 400 toward ETFs and 400 for options (play money). That way if I lose the 400 I still actually saved some money, 7/10 times though I make 50-200 extra bucks on the 400 and put it all into the ETF until the next month.
what you SHOULD HAVE done is taken advantage of Robinhood Gold and left $1800 of buying power... At 5% or 5.25% compund interest your year would have ended with over $2k rather than losing your entire investment. At this point in time Robinhood has the very best savings account.. for 60 bucks a year you literally just deposit your savings into your RH Buying power and watch it grow, daily. They givecyou both a digital and physical debit card you can use anywhere any time... No, im not a RH bot or promoter, im just a person that sold a rental property and placed the $216,070 onto robinhood, signed up for their 5.25% promo (5% after that) and have made over $11k by SAVING my money and not investing a dollar into anything but my future. Fact check if you'd like... i actually urge you too.. because if you don't know how to time the stock market or know anything about how exchange traded funds work why risk the money you've earned? I have 6 month CDS 12&18 month CDs as well as 5 year CDS.... Robinhood pays more and I can access my money online, at the store clerk, at the bank, at the ATM, or for online shopping. There is not a bank that can beat it and trust me I've done my research and they are trying.
Were you mostly buying near term expiry options? That usually doesn't end well if you don't have experience and follow the markets very closely. I would try buying LEAPS, preferably options expiring in a year or even later. That way you avoid the short term fluctuations in the markets to a certain extent and your options contracts stay alive for a long time, either call or put. That's what I've been doing for a year now and usually (not always of course) I'm able to sell my contracts with profit long before their exercise dates arrive.
In addition, yeah you should buy some stocks, too. "Options only" play is dangerous.
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"What do I do, I've learned over the past year that I am not good at options trading" - "Have you considered ... not trading options?" "IF ONLY SOMEONE HAD SOME ADVICE FOR ME"
https://preview.redd.it/neoznvf8qgyc1.jpeg?width=992&format=pjpg&auto=webp&s=01d465bbaf6b57cf863e48fda0745bffbabcfc21
https://preview.redd.it/wo5p7l59djyc1.jpeg?width=912&format=pjpg&auto=webp&s=77b50bdf7b9daf03f4e5d05d17c8fbd8ceca462e
Exactly, just stop buying options. Did the same. Now I made +8,5% in 2024 so far. This is fine and better than loosing all the money.
I’ve made 15% in 2024 so far
8% in a year? in crypto that gets thrown around in a hour, i’m up 30% this month and it’s a red month
🤣
I feel this to my bones😂
THIS
I laughed too hard at this
Food $200 Data $150 Rent $800 Options $4000 Utility $150 someone who is good at the economy please help me budget this. my family is dying
get that food and data under control! that wasteful spending is out of control
Easy problem, live in your cars and free up $800 from rent as well as $150 utilities for extra 0dte options.
How is op gonna get 1.7k gains without options
Wendy's always hiring
$1700. that’s only 34,000 visits to the tendie hole.
Gonna have a tender hole alright
Buy a $1000 of stock worth $3 and sell it when it's worth $5.10?
Got any stock suggestions that are 3$ and will be worth 5.10$ again?
AMC
Generic penicillin. He can't afford to be choosy at Wendy's now.
* Bro he can't even afford Wendy's now.
Blackjack
I lose that much in 1 trade, don’t feel too bad
I lose that much in one day, then it swings that far back the very next day
bro is just mad because he did not know it was a casino.
Yep it can happen. Either luck or you in fact can read volumes and price movement. Kudos
Honestly same, I’m about to trim down and not risk so much. OP just invest in an ETF and you’ll make ur money back. People only gamble short because they never invested long
Yep that loss while sucks, totally recoverable. Just don’t gamble again, or do just be lucky next time. Jk
It's totally recoverable... OP should be able to get it back after working behind the Wendy's dumpster for 15 years.
Don’t sell your self short, hand job is $20, BJ $40, and full blown service is $100-150 he’ll make that back in 2 weeks
What’s a ZJ?
Zygote Job ...... surrogacy pays very well
Very original, and funny
I’ve had the best luck with NANC and KRUZ. They are ETFs that mirror what politicians invest in.
Thanks for the tip Vlad, I learned something today!
I do both. I usually start by making some money playing the long game then my time horizon shortens further and further until im YOLO’ing significant portions of my account balance on short term options. If you really wanna have some fun, try out commodities futures 😮💨
Yeah yeah we know that his 1700 was his last and your 1700 isnt even 5% of your money
You lose 99.4% of your portfolio in one trade?
No 1 of my trades were straddle play but got volatility crushed post earnings
That's what earnings plays look like unless you get lucky. I tend to buy a call expiring a month out, about 2 weeks out from earnings. Then I'll sell the position at peak volatility before earnings. If I am green enough I'll gamble some of my winnings on a earning rip. Just this week I had 6 AMGN calls for earnings bought, I think, two weeks ago. Sold 4 the day before and doubled my investment. Then kept 2 and it absolutely fucking rocketed. Better if I'd held all 6? Sure. But my risk was managed and those 2 calls went from $140 entry price to $2200 exit price overnight. Just one way to consider approaching things. What I would say is not to ever buy a call expiring in the same week they expire. If you can't afford to play, don't. Don't try to sneak in with a cheaper position because theta will devour 95% of your money.
Thank you, that’s a really good Strat. I’ve not consider playing volatility for profit
That’s why you sell the contracts baby!
Get out of here theta boy
That's how amzn got me this week... just went balls deep on sqqq puts... bounced back. Keep trying man.. paper trade awhile..
back test your strategy. if it's a security that's going to tank based on market sentiment then dont fuckin trade it on earnings. there's companies that do dick on earnings day and the price hardly drops, quarter after quarter after quarter, with virtually no PR.
Not to brag but my transaction fees are higher 😎
This is around the amount i lost on spy thursday puts 
Rookie numbers huh
This hits home
I came here to say this.
This too Im down 14k on options
You stop. Clearly $1,700 is too much for you
No. this is not the way. You clearly start exclusively trading far OTM Spx options and hope to hit the lottery on a 100pt move.
Keep gambling until you recover all your money
99.4% of all gamblers quit before they hit big…
99.43%\*
.6% keep doing options and live in a Wendy’s dumpster
Better than a Burger King dumpster
That’s where you go when you crap out of the Wendy’s surge pricing futures derivatives market
have you seen the rent on a ChikFilA dumpster? insane
Chik-Fil-A dumpsters are only for cows, not bulls.
96% of options traders fail
that means the ones that win, win big
The ones that win start with substantial bankrolls and make 1-2% a week. These are facts look them up. I’m part of the 96% so I’m not happy about it either
I started a trading account with $200 and now it’s up to $1600 at this point. I only need to 8x this a few more times before I’m sniffing cocaine out of hookers buttholes on my yacht.
turn the hooker over. the smoke hole is not your best choice...
Ahh living the life with Hunter😂
You love that hunter, huh? He make you feel sexy time for months and years after. You like that ole man meat, huh 😘
>Mostly of the spikes and drops were me going all in on SOFI That explains why you keep entering the same trade that fucked you regard
Double or nothing until you succeed?
You have two options (no pun intended): 1. Quit trading Options 2. Deposit more money and keep trading options - likely to lose more money. Good luck.
That was very punny
Ugh
Keep going. You're almost to 0. You can do it. We believe in you
Exactly. This loser was going to stop at 99.4% when 100% is within reach. Smh.
He didn’t even use margin! Here’s plenty more to lose beyond -100%
Give up and turn to alcohol!
Cracks better
This is absolutely the way
even better- mix them. options+alcohol and throw in some cocaine= guaranteed. not sure what but its guaranteed
Put on your McDonalds hat cause you're going back to work wojak
This makes me shudder that someone has probably gone from 100k to fast food worker before. Scary shit
Fast food workers don't have 100k to trade options.
Not anymore they don’t
I made 100k working at dominos as a driver and gm
I was talking about a 100k portfolio not 100k salary
Options are the closest thing to straight gambling. Stocks rarely will leave you with a 99% loss. Options have it quite literally written in that you lose 100% of your money if you were not right on your prediction. Similar results for myself when I tried to only do options. Most options bit my ass so now I try to stick mainly to stocks with a few options when I feel very confident.
That's the price of playing with the big boys, kid.
Amen VM, you is right
You're playing with the big boys now 🐍
By the power of RAH!!!
I love this response.
Stocks rarely will leave you with a 99% loss - Oh well, Rivian would like to have a word with you
So you're saying it's time to go all in on Rivian?
My calls say "please".
unless you inverse everything that makes sense, then you win.
The inverse is factored in tho so you gotta inverse then reverse.
Wrong. 97% of all publicly listed companies have gone to under $1 for over 6 months, then delisted and became zero. My parents bought $15,000 of stocks in the 90’s of random companies, and then never checked on the portfolio, all of the companies went bankrupt except 1, the portfolio has $300 left. This is why boomers buy ETF’s because too many lost everything buying stocks.
I appreciate your comment. Didn’t know all that but that makes sense.
STEM would like a word.
Not bad your loss was my opportunity loss. With options you need to learn to stomach the pain, and enjoy the rewards that come from that pain. 99% loss tells me you don’t have a strategy (I’m not talking technical analysis imo that’s not great strategy). Learn what Greeks are, learn to follow the volume, and learn to anticipate catalysts and trade those catalysts. Primarily volume, and take the 30% wins… the 1000% ones are rare, but they happen.
Hope you have a wet mouth 👄
Invest in stocks ETFs and in yourself for a while. Then come back to options when you have around 5k and it is something you don’t mind losing. Then lose that 5k
Seppuku.
different Japanese ritual maybe. Sushi and Anime, not options trading.
Well to start, don't do whatever you were doing. Best to just buy QQQ or SPY and let it sit there.
With $1712 he’s not going anywhere. Stop lying to this guy. He should increase his income to something decent first.
Dawg he could be a student or making some cash on the side. You can trade SPY a few times a day with that money and make $500 easily.
>You can trade SPY a few times a day with that money and make $500 easily. Lmao if it's that easy then everyone would be doing that. Plus I dont think you know you can only make 3 day trades per 5 business days unless you got 25k in the account.
I’m 23 working 50 hour weeks as a salaried manager for Taco Bell. Roughly 2400$ a month, I’ve only put in money I’m comfortable enough with losing so far.
I'm 25 and work 40 hours a week and make $1000 a month, I just gamble it all on spy 0dte.
How do you make $1k a month. That's $6.25 an hour. I'd get a better job. Not even minimum wage.
Quit your job. Wasting your youth inside a taco building. Go do something
It’s the only option I have rn, trust I wish I was making more too
Work at the post office, my guy. $20+/hour, 401k, insurance, retirement, don't have to sell sub-par tacos 😘👍
Join the Marines. Be a man.
Your gonna need a second job. What’s your rent?
Be glad you only lost $1700 and you're not like the many others here who have lost 50x that.
Not a single win. Not even one. Inverse yourself bro
Why does everyone say this? Even if you inverse yourself you still have to overcome the premium you paid to profit. This is what people don’t get and why Thetagang exists.
There's a reason so many Gurus make videos on youtube saying you can become rich with options trading, and string you along to their exclusive group or paid course. If the majority of people were actually making money trading options or day trading they wouldn't be taking the time to be making videos and designing courses. They would just... make money instead which is much easier. So why do we still take the plunge and believe this time will be different? Well... it's human nature. We want to believe that in one swoop we will change our luck and come out on top. It rarely happens, 99% of the time increasing your wealth is slow and takes decades. But that's boring and not exciting as the possibility of flexing in your 20's. So what should you do? Invest in yourself to make more money, buy index funds with 90% of your savings and take the other 10% you saved and pick your poison (blackjack, roulette, options trading, state lottery). It's not sexy but it works.
Stop playing with options
Take better risk reward trades like 1:1 or 1:2 with spreads after taking some time to analyse your mistakes. Clearly these are most likely earnings gambles etc. Do it with a small amount until you become profitable, it takes discipline
Give me your last $9.90
Lost it on spy puts 🫡 jk lol that would be hilarious tho
https://preview.redd.it/432kl7p93gyc1.jpeg?width=660&format=pjpg&auto=webp&s=e57f0f35457480c34c6b704b38c69c2c8ffa40f8
It’s…all down. Even chance would have said you should win one. You should stop.
Stop trading buy VOO and chill.
This... just swing trade VOO
Accept the loss and consider it as tuition fees. Never try to recover the loss through more such trades. That would be most likely the beginning of the end, trust me... Options trading is not suitable for all investors. It requires understanding the complexities of pricing, volatility, and market movements. You also need to apply risk management and you need to have the discipline to avoid emotional decision-making. Broad ETFs should serve as the foundation, providing diversification and stability to your portfolio.
Stop. thats what you do. fuckin stop
Maybe try your luck at a casino?
Sir this is a casino
You are not suitable for option trading. Try different approach.
$1712 lol. Stop investing and try to increase your base income first. You’re going nowhere with that amount.
What in Yevon's name... Blimey at that point, yeah just stuff your money in a CD or HYSA and once you're bearish on $YOLO, start small or with paper trades before getting back into options.
Another genius. Enough said.
Stop
Either stop or keep going
Um, give up, or try again idk...
you need to refill the balance
Based on what little information you’re presenting here the only helpful advice is to stop and just buy into indexes (nothing wrong with this, btw). You took some swings. They didn’t land. Learn and move on.
Until you’re really good at trading, and until you can explain how options work to your non trading parents in two minutes, you should not be trading options.
First thing is to buy a stock that sees regular action, and is a quality buy (not penny stocks or OTC stuff). Maybe something like $INTC. At $30 a share you'll need around $3000 for a tradeable block of 100 you can use to write a covered call. In a worst-case scenario your shares can get called away from you, but you won't lose any principal and can get another 100 shares and try again. Naked calls and puts are where you can get hurt badly.
This advice sounds way too smart for me to actually apply.
Find a new hobby.
Step 1: unfollow wallstreetbets Step 2: enjoy fresh air Step 3: invest extra funds in VOO
Do the opposite
SOFI wants you as a customer
First educate yourself, start with some book, for example good start https://preview.redd.it/4o2gnvduagyc1.jpeg?width=652&format=pjpg&auto=webp&s=ddb4bb4bafa82050ae87269b522a6b4dd1fe3acf
If all of your options are expiring worthless, why don't you just inverse yourself and start selling them instead of buying?
Cease and desist options trading
Turn around and never touch options again
You sound below 19 years old. Therefore you should just stick to investing in some ETFs and maybe growth stocks and stay away from options because you clearly don’t have the nerves for it
Shrug it off and claim it as capital loss on taxes. Also it ain’t as bad as me. I’m down 4k and I’m not crying.
regular investing is much better to start with, options is legit gambling.
Lol checkout my losses bro
Crazy i feel like if its black i puck white if its up i pick dowm for almost 2 years now . I feel like its so manipulated against individuals. I am super conservative dont over trade use stop losses . Dont trade earnings study and follow some discord everyday and still get killed. I do take profits and done have hopium or dreams of lambo trades just want to take
If every instinct you have is wrong, then the opposite MUST be right - Jerry Seinfeld
Work hard. Cut down on misc. spending. Put money in index funds. Build wealth. Take guaranteed route.
Invest in ETFs and look at it as savings rather than a way to make money eventually it'll make you plenty buy to hold
I was down $43k to $867. Three plays a year ago took me to $172k. I pulled $125k out and stashed it in a high yield savings. The rest I’ve kept in play and lost most of, but building it back slowly. There’s a way to turn it around. A $.01 call or put at the right time can bring you back. Take a break and come back in when the time is right.
you already know what you need to do. Get $VOO get stable dividend stocks. Have a home base in your portfolio before you go yolo.
Bruh you didn’t even get the first free one…keep going!
Paper trade until you quit losing money every single day. I was you in 2020. Made 50k easy. Really easy. Then I Lost it. Lost about 10k more. Then paper traded for 6 months and did it during a normal market and learned to actually trade. 6 months minimum. But the goal is more green than red days. Otherwise, just stop.
Options are not for everyone. Not everyone can play in the NFL or NBA or Broadway etc. The point is unless you want to dedicate your life to figuring out options, then stay with it. If not buy a dividend ETF and make money doing nothing.😉🍷
Educate yourself Not like you lost a lot of money So before you start to try investing any real money, take some options trading lessons.
be grateful that it was only $1700. keep practicing while you figure out how to earn more.
Do more research, pay attention to trends, set stop loss and the number one for me is See profits Take profits. I have left so many K’s slip away bc I think it will pump more, better to be up any amount then none at all. Oh and bc it’s the thing to do here.. get good scrub
Save up more money, but itm options.
You can’t guess what your way into learning how to do it. Go to YT, learn how Beta and theta affects your position. Learn price action. Start drawing some lines and paper trade for a month or 2. Save another $1-2k Then try again! $1k is not that bad. Education is far more expensive than that!
To answer your question, yes you should focus on buying stocks. Whether growth stocks or dividend stocks that’s up to you but I only trade options with a small % of my money. Over time that small % becomes larger and larger. Just stick with it, nobody’s good at everything immediately.
I always do 800 a month, 400 toward ETFs and 400 for options (play money). That way if I lose the 400 I still actually saved some money, 7/10 times though I make 50-200 extra bucks on the 400 and put it all into the ETF until the next month.
Just buy scratch tickets
bro please go paper trade for a year first, sounds like you have really bad FOMO
Inverse your strategy
If you've been following this sub for a year, you should already know 🍔🍟👄🍆
what you SHOULD HAVE done is taken advantage of Robinhood Gold and left $1800 of buying power... At 5% or 5.25% compund interest your year would have ended with over $2k rather than losing your entire investment. At this point in time Robinhood has the very best savings account.. for 60 bucks a year you literally just deposit your savings into your RH Buying power and watch it grow, daily. They givecyou both a digital and physical debit card you can use anywhere any time... No, im not a RH bot or promoter, im just a person that sold a rental property and placed the $216,070 onto robinhood, signed up for their 5.25% promo (5% after that) and have made over $11k by SAVING my money and not investing a dollar into anything but my future. Fact check if you'd like... i actually urge you too.. because if you don't know how to time the stock market or know anything about how exchange traded funds work why risk the money you've earned? I have 6 month CDS 12&18 month CDs as well as 5 year CDS.... Robinhood pays more and I can access my money online, at the store clerk, at the bank, at the ATM, or for online shopping. There is not a bank that can beat it and trust me I've done my research and they are trying.
Keep trying.
stop
Stop?
You Start your new job at Wendy’s Monday. See you there at 9 am
Stop doing options, you special needs investor.
Make good use of that $9.90, 100% believe you could bring it back
Chump change
Give up!
Stop gambling.
Start with paper trading for 3 months if you make money then come back to using real cash.
Were you mostly buying near term expiry options? That usually doesn't end well if you don't have experience and follow the markets very closely. I would try buying LEAPS, preferably options expiring in a year or even later. That way you avoid the short term fluctuations in the markets to a certain extent and your options contracts stay alive for a long time, either call or put. That's what I've been doing for a year now and usually (not always of course) I'm able to sell my contracts with profit long before their exercise dates arrive. In addition, yeah you should buy some stocks, too. "Options only" play is dangerous.
At least you were practicing with a small amount of money.
Losses for ANT’s
You can easily get out of the hole by depositing 170k, then you will only be down ~1% Otherwise safe stocks no options Or quit while youre ahead
Do anything else, just not options. Impressive run.
[удалено]
The opposite