Learned a few basics about options and hit the ground running in 2016.
I once made 5,000% in two days on a single play. Turned $100 into $5,000 on that one. Many trades were 10x-15x. Some days I'd bank $25-$30k. I mostly played expiration days and studied everything I could find about options.
I grew my trading account from $20k to $220k in about three months with options. It was glorious. I had a spreadsheet that projected how I was going to retire in five years and buy a vintage Ferrari. Not just a Ferrari, but a vintage Ferrari because I knew a guy who had a boutique shop and was going to help me find one that would appreciate.
Then. Over the next three years I scaled my account from $220k to (negative) $230k. I was down to zero by the end of 2017 so I added $100k and was confident in my skills having learned how to trade for $20k. The same logic was applied at the end of 2018 but another $130k of education money went into the schooling. In total from peak, I evaporated $450k in three years.
Finally called it quits this year. I keep my options trading account open for old times sake. The account has $1.68 remaining in it. That's my Ferrari fund I guess.
So much is possible with gambling err I mean options. Just make sure you know when to quit (hint: I've found that when you're down $230k is a good time).
Truth be told I'm incredibly lucky to be able to lose $230k and not lose any sleep over it. Not anymore sleep, anyway. ;)
Submitted December 25, 2019 at 06:32PM by conclusioni https://ift.tt/351tx21
