November 11, 2011
trading options oh boy quick returns?
pilot asked:
k im in high school i am very well aware of the risks involved so ill only start with $1000 to trade options i trade stocks and for the past 4 years ive had an average annual return of 133% im right 8/10 times on average (i know hard to believe but true)… anyway so ive heard of people doubling their money in a matter of a week!!! so say i double my money every month for say 7 months i would have around 100K right? i mean this does not seem to hard if i bet on sure things that i know will move the way i want them to.. so like has anyone done something similar to this?? or anything??
i dont need any negativiy just because you cant do it dosnet mean i cant ! kazol
p.s. im a lot different from everyone else thats for one thing! for one the only thing i really care about is the market its market or mafia in my world!
even if i cant manage to return 100% a month i could still do pretty good i think and even if i can turn 1000 into 20K thats still pretty darn good
k im in high school i am very well aware of the risks involved so ill only start with $1000 to trade options i trade stocks and for the past 4 years ive had an average annual return of 133% im right 8/10 times on average (i know hard to believe but true)… anyway so ive heard of people doubling their money in a matter of a week!!! so say i double my money every month for say 7 months i would have around 100K right? i mean this does not seem to hard if i bet on sure things that i know will move the way i want them to.. so like has anyone done something similar to this?? or anything??
i dont need any negativiy just because you cant do it dosnet mean i cant ! kazol
p.s. im a lot different from everyone else thats for one thing! for one the only thing i really care about is the market its market or mafia in my world!
even if i cant manage to return 100% a month i could still do pretty good i think and even if i can turn 1000 into 20K thats still pretty darn good
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Comments on trading options oh boy quick returns? »
I’ve been a trader for over 25 years and I can’t count the number of young people who had the same apple in their eye. Options dulls that sparkle every time, but there is only one way you will learn. The hard way. Best of luck to you.
If you are, you can answer these questions.
What is pin risk and how can you control it?
If earnings are releases one week before an option you hold expires, would you expect theta risk to go up or down after earnings are released?
How can you tell if an equity option has been adjusted so the underlying is no longer 100 shares of stock?
If you cannot answer those questions, you might want to reconsider your statement.
(I am not asking you to answer those questions here, just use them to test yourself.)
it is doable but then again you could lose all your money the next trade soo if your only investing a small amount of your capital for this venture sure go for it