I’m numb and so mad at myself. I thought I was untouchable swing trading options for 3 weeks. Turned 200 into 42k rolling wins. Then last Friday I turned 42k into 10k, and this week I’ve been slowly deflating more and more. I basically got so cocky that I was sure this was how I was going tk make money from now on… I’m unemployed and so angry I let those gains go. At least I’m not DOWN since starting but it damn sure feels like I’m down my life’s savings
Up to 40k in 3 weeks and didn’t back to even the week following
byu/MarcoManatee inoptions
Posted by MarcoManatee
24 Comments
Then back* not didn’t back in title
If you change the way you look at things, the things you look at change. You have turned a massive profit that very few people are capable of doing.
Posting in options and daytraiding
you turned 200 into 10k? nice. but now youre all emotional about it and thats no good. dont lose the rest of it.
Sorry to hear this. It does show that no one can predict what the market will do and buying options is very hard to win consistently.
Losing so much money so quickly means you were taking massive risks.
If you have more than $200 then you are still ahead!
Pics or it didn’t happen
What did you trade to get that 0 dte spy options ?
is there a way to stop these kinds of posts. i guess not or they would i assume.
I really don’t think this is real. Even with options, turning $200 to $42k is nearly impossible in 3 weeks.
Start thinking in the sense of compounding interest…slow and steady small percentage gains amount to a lot in the short time. Also helps take profit if you trade for 20% each trade
Be sure you set some aside for taxes on the big wins. You can only offset 3k with your losses
Sorry, what is your question or message to this sub? Many doubted your story and you could safely share how you made 38K in 3 weeks, and how you lost 30K faster.
Manage your emotions and whenever you feel ‘untouchable’ begin to size down instead of sizing up.
hello
Let me ask. When you did get up to 42k did you not think to take funds off the “table” and not risk all of it so you preserve your profits?
at least you had fun, no gain only pain
Dumb to not save some of those wins. But you did it once you can do it again, manage your risk
Fake
I do have a real brokerage account, she just goes to a different school!
Its because trading is just a useless game thats largely a waste of time/money. I say this because its just true for 99.99% of people. Theres reasons professional traders in a firm who legit make the trading strategies for their firms don’t just do it themselves. They also know and would rather just get a big salary instead risk free.
Unless your capital is large enough to move the markets or you have enough clout to cause money inflows with your name attached to a stock, your legitimately trusting other people to basically make you money. Something that is only reliable if you could read their minds.
So what did you learn? Can’t just be “shoulda taken gains” bc Friday could’ve turned out different, Monday May it have happened, etc. what would YOU do differently? Point being, you can make money at this IF you learn along the way.
that I was sure this was how I was going tk make money from now on. lolol
You’re still up from 200 right? Don’t beat yourself up, relax and start fresh in a week. 👍
Are you seeking any guidance on something – I didn’t see a question?
Were you buying or selling calls or puts on the way up?
Were you buying or selling calls or puts on the way down?
Sounds like you had fun haha
Think of this, anyone of the 1.2m members here could also go ‘all in’ on their account rolling profits into consecutive trades. If the whole 1.2m did, a handful would end up millionares and billionares maybe. but it’s usually not advisable because we are totally done with being broke, and that is what happens to 99.99% of people who trade like that.
Sounds like you can ‘dial in’ to a market really well, go for it, use that strength, just bank some gains once a while.