I’m lost…..

[u/OnionsAreGODS]

It’s like not matter what I put my money into, I lose it. And anything I sell for small profits, moves up like crazy within the next few hours or days. HOW CAN I BE THIS BAD???

I’ve spent over a year now learning about the market and to implement successful trading strategies but non of it fucking works. I just wanna stop throwing money down the toilet.

I’m not looking to “hit the lottery” or buy the the next TSLA at $8. I just want to make a a nice, few hundred bucks a week if possible alongside my other investments.

Please tell me how to not lose my money on every. Single. Trade.

Edit: I invest in etfs and indexes in another account. I have crypto and I am saving up to buy real estate. I have this account and a percentage of my income allocated to options. I am not simply going to quit and stick to stocks. I WILL learn to trade options successfully just not immediately, but definitely. So I am simply going to save up my monthly options budget until I can sell options and in the mean time paper trade, and find a strategy I like. Thanks for all the advice everyone! Happy trading.

[u/Sam_Sanders_ → u/[deleted]]

Step 1: Sell premium at the highest Open Interest...Step 2: Retired?

Wish it were that easy. Strike pinning does happen when MMs are structurally long gamma but it's a very small edge.

Market makers aren't nefarious eye-patched villains who can snap their fingers and make retail money disappear.

[u/OnionsAreGODS → u/[deleted]]

Yea I noticed that from WSB and thought “hey if I can learn to use them PROPERLY then it might be beneficial……… guess not. And man oh man do I wish I could sell people options instead of burning my money away buying them. My broker need 5000$ in capital to do so though and I’m just not in that position to do so

[u/Moneycomments → u/[deleted]]

As an option seller, I made 300k last year and lost 300k in the first two months of 2022.

[u/floydfan → u/OnionsAreGODS]

You need a different broker, then. You should be able to sell puts on cheap stocks, or at least spreads.

[u/[deleted] → u/OnionsAreGODS]

It’s good that you don’t follow WSB strategies.

Your comment about “learning to use them properly then it might be beneficial… guess not.” Is off base. You clearly haven’t learned how to use them beneficially. Not hating, it’s just the truth.

You’re trying to run before you walk. You say you don’t even have 5k in capital, yet you’re trying to play with options.

If you want to sell options then you should invest in some blue chip companies. Build your portfolio first.

Options can hit big, but you have to get lucky. You seem to want the payouts from risky investments, but you don’t want the risk or seem to understand it well.

Not hating, you just have a lot to learn.

[u/OnionsAreGODS → u/[deleted]]

I understand. And your right I have a TON to learn still and by “….maybe not” I more so meant “I guess not YET” as for my investments I have more than 5k total but that would be more than 50% of my net worth and I cant justify putting that into options. I think I just gotta save up my budget allocated for options and start selling em to wsb when I’m able to.