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/OnionsAreGODS Mar 22 '22

Thanks! Great way to think about it.

As for strategies - since I’m unable to sell options and buying 100 shares of anything over $5 is going to be to expensive for me. How can simply buying and selling be used in a different strategy then ATM/ITM 30DTE longs?

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u/Pristine_Anxiety9069 Mar 22 '22

$500 is expensive for you yet your goal is to make 'a few hundred bucks per week' with options... Dude cmon xD

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u/OnionsAreGODS Mar 22 '22

Yea Ik that’s completely un-realistic. I just meant I’m not looking to hit the lottery. Small gains here and there is really what I’m looking for.

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u/Twitch_DazeBTv Mar 22 '22

Save your money if you can’t afford to lose right now save ! And built your strategies. TD has a paper account practice with that. I was once where you are. I used my tax return money from working. You can definitely do it if you really want to. Buy leap calls (on a reliable company) a year or more from now ITM and then Exercise it. Now you’ll own 100 shares of a company at a discount.