Turned $3,000 into $12,000 trading Options since Thursday AMA

[Slamt]

Proof:

Acc 1: started with 2k


Acc 2: started with 950


realized gains/loss, still have positions opened

Acc 1:
Acc2:

yes pretty fukin stoked, go

edit:

Broker: optionshouse.com
Charting platform: thinkorswim

You can open demo accounts by signing up with TDAmeritrade. Optionshouse has demo accounts too I believe.

Options Trading YT Channel:
https://www.youtube.com/user/Cam24Trader/videos . There are old videos where he explains what Options are and how they work.
Investopedia.com for anything investment related.
babypips.com if you're interested in technical analysis.

Misc has an Investing Thread and it's pretty active with alot of knowledgeable folks, if you're trying to get started then you can go to any of these resources

[Cassack]

too bad im too stupid to understand how these stocks/money making tactic works.

[snowysnowman]

I work in the industry, but havnt really took the time to learn options inside/out. Recommend any good reads on the trading techniques?

[Brer Ben]

i made $1000, gjdm

[moorec614]

How long do you think it will be before you lose it all? Or are you arrogant enough to think you can beat a zero sum game consistently?

[aaron501]

nice...

[Swampfox76]

Dang! Good for you!

[Slamt]

I work in the industry, but havnt really took the time to learn options inside/out. Recommend any good reads on the trading techniques?

Trades About To Happen - Weis
Don't remember the title but the popular one written by Jesse Livermore is a pretty good read.
Richard Wyckoff studies in general.

How long do you think it will be before you lose it all? Or are you arrogant enough to think you can beat a zero sum game consistently?

you only have to get rich once m8, if i didn't think i can beat the game i wouldn't be playing at all

too bad im too stupid to understand how these stocks/money making tactic works.

some people just use resistance/support pivots and do just fine. you think its higher u buy and lower u sell. or in options. higher = calls, lower = puts

[ct4surf]

Lol at your tax liability if you sell those within a year.




Not srs gjdm

[CAMPAIGN]

op how can i be like you

[Slamt]

i made $1000, gjdm

nice brah

the volatility has been unreal

nice...

Dang! Good for you!

ty men

op how can i be like you

blow up a couple accounts, once u lose real money you'll figure it out quick

not srs, maybe srs

[Snine]

Does OP actually know what he's doing or is this just gambling that worked out in his favor? srs, don't know what I'm looking at lol.

[freuddcoco]

get off of that NZT 48 brah

[kopikum]

worldwide markets plumbing but miscers still getting rich, lol

[Slamt]

worldwide markets plumbing but miscers still getting rich, lol

rode TSLA puts down into the crash and then bought at near the bottom

feels good man

Does OP actually know what he's doing or is this just gambling that worked out in his favor? srs, don't know what I'm looking at lol.

Options are not easy bro, idk what it is, but this week has been insane for me. Win % speaks for itself

get off of that NZT 48 brah

shhh

[ace_gauntlit]

jelly I guess. Tell what me OP, what I can do to become rich

[Dcell]

Damn how did you have the balls to play the gamble? How did you actually KNOW that it would shoot back up again that fast?

[TheNewbie]

Does OP actually know what he's doing or is this just gambling that worked out in his favor? srs, don't know what I'm looking at lol.

Knowledge doesn't hurt, but at the end of the day this is pure gambling unless you have inside information, and then you're committing a federal crime. Good luck.

[Slamt]

Damn how did you have the balls to play the gamble? How did you actually KNOW that it would shoot back up again that fast?

I use technical analysis, and assert the risk/reward

Knowledge doesn't hurt, but at the end of the day this is pure gambling unless you have inside information, and then you're committing a federal crime. Good luck.

Yes, trading Options probably not the first thing people should get into.

Rewards are great but you need direction + timing to make big. If you miss one you still lose.

[ChunkOMeat]

How long do you think it will be before you lose it all? Or are you arrogant enough to think you can beat a zero sum game consistently?

Lol, I don't think you understand what a zero sum game is. The stock market always has an upwards trend.

A zero sum game is like betting on a coin flip. If you guess the wrong side of the coin you lose all your money. If you guess the correct side of the coin, you double your money.

OP: This old guy I sail with was explaining call and put options to me the other day. I know its like an option to sell or buy the stock at a predetermined price, right? He also said identifying price floors and ceilings was important which I understand in theory.

[Slamt]

DEFINITION of 'Option'
A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period of time or on a specific date (exercise date).

Call options give the option to buy at certain price, so the buyer would want the stock to go up.

Put options give the option to sell at a certain price, so the buyer would want the stock to go down.





The strike you pick is important to whether you can execute it or not.

cliffs of options:

up = calls
down = puts
1-2% in a big name stock = 10-30% in options. of course with the reward comes the risk. you need to get your timing + direction right or you will lose ur ass

https://www.youtube.com/user/Cam24Trader/videos

basics + all sorts of **** here, very quality

[nakedjeep]

Mirin, OP. Wish I had the patience and determination to learn the stocks game. Might look into those reads you recommended.

[kingppoppy]

i lost 1K investing on mutual funds at my bank. grats

[Slamt]

i lost 1K investing on mutual funds at my bank. grats

You're only 20, you didn't lose anything, unless you sold.

ride it till your 60 brah

Mirin, OP. Wish I had the patience and determination to learn the stocks game. Might look into those reads you recommended.

we gonna make it

[painebrah]

Ok so let me get this straight, the first thing you need to do is buy some actions where you think the price is going to go up, then you sell them when the price is high enough so you make a profit, right ? There is no way to sell smth if you don`t have it, right?
I`ve been trying this site called trading212 that lets you trade with fake money so that you can get a feel of how things work but I don`t understand how I can sell smth if I don`t have it, that isn`t right, right ?

[Aryancuz]

I'm assuming you are using leverage which is risky. What sort of risk-reward are you using? 2-1?

[arn710]

Lol, I don't think you understand what a zero sum game is. The stock market always has an upwards trend.

A zero sum game is like betting on a coin flip. If you guess the wrong side of the coin you lose all your money. If you guess the correct side of the coin, you double your money

Not sure about OP, but you definitely don't understand what a "zero sum game" means

[eXistenceLies]

hmmmmm do they take credit card?

[brent89]

OP teach me the ways. I saw the market crash and would of made so much money investing, but have no clue how to start.

[Slamt]

Ok so let me get this straight, the first thing you need to do is buy some actions where you think the price is going to go up, then you sell them when the price is high enough so you make a profit, right ? There is no way to sell smth if you don`t have it, right?
I`ve been trying this site called trading212 that lets you trade with fake money so that you can get a feel of how things work but I don`t understand how I can sell smth if I don`t have it, that isn`t right, right ?

The first thing you do is need to analyze and then guess on a direction, then you pick a time frame, then you pick a price target. I have no idea what you're saying in the rest but gl men.

Thinkorswim from TDAmeritrade is a great charting platform, you can use it for free, just open up an account. I think they offer demo accounts too. My broker optionhouse.com also lets you open demo accounts I believe

I'm assuming you are using leverage which is risky. What sort of risk-reward are you using? 2-1?

No I only have a cash account, no margins or anything. Can only lose what I have.

OP teach me the ways. I saw the market crash and would of made so much money investing, but have no clue how to start.

There was massive lag at the open on that day, not many retail traders got in at the bottoms. Just the big boys with big money. I couldn't even get out of my short position, lost like 3k worth of profits on TSLA puts cuz broker issues.