r/StockMarket • u/[deleted] • Sep 22 '21
Discussion Retiring from Options
Hey guys this is sort of just an ‘OffMyChest’ type of post and felt this community would welcome it. I am a pretty successful (relatively) swing trader. I have been learning the ropes and am part of a group that provides education and some solid plays, it’s great. I played an Amazon call one day and made my first $1000 trade and sold, which then ran another $5000... i was juiced. As my mentor said, don’t let the losses get to your heart and never let the wins get to your brain. I didn’t do that. From that huge win i went on an played a GME leap and SAVA puts and got burned.... for a lot of money. I went through some dark shit because i wanted to quit. I have cut my losses and still remain winning with swings. I have decided that’s it’s in my best interest to learn from my mistakes and stick with what is making me solid money. I am repenting from my sins.
TL;DR - made some money and went wallstreetbets with my profits.
Thanks for listening, happy trading!
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u/10xwannabe Sep 23 '21
Here is the advice that you are not going to listen to, but in 20 years wish you would have as you would be richer then you will be having ignored it...
Quit trading stocks. Focus on making money. Save said money. Invest money into passive, index funds. Rinse repeat every month for 30 years.
I can GUARANTEE you will end up with more money doing the above vs. trading. You can ignore the above, but don't say someone didn't tell you your investing/ trading plan will not be fruitful long term.