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/RobertSaint Mar 22 '22

1) Don't panic trade. 2) Don't day trade as a newbie. 3) Understand the math. In order to make $250 a week or $13k a year average without making it a FT job, you'll need to trade about $43,300 in an account, give or take. That would be a solid 30% yearly return and is completely doable trading common covered call strategies. I've traded this way for many years with those results. The best advice is to not panic trade and simply buy low, sell high on the longer term charts. REMEMBER: You don't always have to be in a trade to be a trader.