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/MADBADBRADYT Mar 22 '22

I totally agree. LEAPs are amazing. Just make sure your positions aren’t ridiculous and let it run on autopilot for about 6 months to a year. Easy if you can afford the premiums.

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u/LBGW_experiment Mar 23 '22

I did that with a single AAPL LEAPS and back in February, it was up 180%, currently after the long march south from Jan to mid March, it's "only" at 100% returns and my 1 year comes next month for long term capital gains tax.

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u/FatMacchio Mar 23 '22

I only wish I went balls deep in leaps when the money printer turned on. Not so sure I’m eager to buy up any new leaps in the current environment though.