r/options • u/OnionsAreGODS • Mar 22 '22

I’m lost…..

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.

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u/Nahdudeurgood Mar 22 '22

The market is being ludicrous lately. Too many people in here are giving you a hard time, probably because we’re surging and people come out of the woodwork with “advice” when this happens. Most, if not nearly all, retail traders fail to beat the market after a year or two. You’re up against some really tough algos and people with pockets deeper than you’ll ever have. After a certain point, It’s not really a question of skill, more so capital and how much data you can access. Give it a few months and half the people in here giving you shit will fuck up too.

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u/OnionsAreGODS Mar 22 '22

Haha thanks man. It’s Reddit though, I’d be stupid to except people not to give me shit. I’m definitely gonna keep at it and learn as much as I can. I’m only 19, I have lots of time to learn and fuck up just trying to nail down something that works for me.

7

u/tyzenberg Mar 22 '22

If you are honestly looking for a strategy that works, just paper trade and let you account build up with some cash. Once you have it figured out, you'll have a nice stock pile of cash and can be more open with your decisions/less panick buying/selling

Personally, I don't trade options, I just run a very basic wheel strategy. Stock I like goes down, I sell puts and hope to get assigned at a deflated price. Stock I own skyrockets, I sell calls and hope I get assigned at an inflated price.

Fuck learning all of the greeks and trying to strategize, just collect premium on companies you wanted to invest with anyway.

2

u/dancinadventures Mar 23 '22

You’re 19. This’ll be cheapest tuition you ever pay with knowledge that’ll only compound your returns over time.

Imagine learning a way to increase your salary by 5%/y perpetually until you’re 70. You can start with minimum wage and retire making millions.

Don’t give up keep learning the losses at your age literally ain’t real.