I don’t YOLO, I’m not quite regarded enough for that.
I was working a slow shift at Wendy’s one day, when it hit me: buy low, sell high.
Been doing it ever since, I’m up 63% on the year. (With the help up RH’s 5% interest rate on uninvested cash.) I developed some rules for options trading, and I’ve stuck to them this whole year. (For the most part.)
This is pretty much all 90-120 DTE AAPL, SOXL, TECL, and TQQQ calls. I never let an expiration date get closer than say 70 days away. Tried puts a couple of times, it never worked. Plus I’m an optimist, I don’t like rooting for something negative to happen.
Have I actually figured something out? Or am I just riding the wave of a bullish year, and I should apply for that assistant manager position after all?
Should I consult with my wife’s boyfriend, too?
https://i.redd.it/daz75hiex4sd1.jpeg
Posted by MaximallyInclusive
25 Comments
Yes
Everything checks out, you’ve figured out the entire market. Congrats.
Our hedge fund is hiring for senior portfolio managers how do we contact you
Come back when you turn $500K into $800K in the same timeframe
Just don’t get greedy and you’ll be fine, invest a percentage of your profits (100% doesn’t count) and try to replicate it
It’ll work until it doesnt.
Mixture of luck and bullish during bull market.
Go for the big promotion.
At this rate you’ll need two wives
You should be consulting with Warren Buffet at this point
Buy low, eh? Try it a few more times. If you make money, do it a few more times. When you lose all of it, you’ll have found the answer
What was that big win at the beginning of the year?
Seen it thousands of times. You’ve gotten lucky in a bull market. But at least you’re gambling better and giving yourself more of a chance. Bulls can be ridden, but our 8 seconds can be up at any moment
I think you are the new Warren Buffett
You got 8 grand in there
When you can do it for at least minimum wage per week, then you’ve got something
You lose money on puts because stonks go up.
You’ve learned gud.
You know the answer
If you buy at the right time, every year is bullish!
Wait I’m supposed to buy low???
Not lucky, just right one or two times.
You fucking savant, you cracked the code. Time to put all your life savings into options. Post updates
Just remember, the making of money is usually the easy part. It is the “not losing” part that most traders can’t overcome. Keep a level head and stay diligent about not losing.
A lot of traders can steadily grow, but throw it all away on one or 2 trades. Keep it up.
Here’s an effective way to know. Let’s take the opposite scenario, if you lost everything, was it the markets fault or you had no clue wtf you were doing?
Your definitely benefitting from the bull market. You results would have probably been quite different if the market had been down 20-30% this year, instead up by that amount.
A blind, deaf, regarded, quadriplegic squirrel finds a nut once in a while…
Look at November 2021 till January 2023.
Would your account survive that?
If not, you might want to think ahead of what happens when it eventually repeats.
yes now pour in more money and you will win much more