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Check out my awesome trading: 52.43% YTD return Max Drawdown: 19.82% Sharpe Ratio: 1.98 I've been selling weekly puts on fundamentally strong stocks, and if assigned, selling weekly calls until the stock is called away.

Have you already forgotten March 2020: The 2020 stock market crash began on Monday, March 9. The Dow fell 2,013.76 points that day to 23,851.02.1 It had fallen by 7.79%. What some labeled as “Black Monday 2020” was, at that time, the Dow’s worst single-day point drop in U.S. market history...

But when in doubt, stay out!

I thought the way trading works, is that when the market is making higher highs and higher lows, you wait for a higher low, and then get long to limit your risk. But I see that must be wrong. What you do is short new highs.

Forecasters are great. They predicted ten of the last 2 market corrections.

99% of traders are AMAZON DELIVERY DRIVERS, especially after losing money. Their conclusion invariably is that the market makers are unethical and conspiring against them.

You were right; gap up on the Sunday open by about 50 points.

Your futures account went from $10,329.34 to $17,300.14 over the time frame of April 30, 2021 to June 11, 2021. That is a gain of 67.5 percent in less than two months. That is an annualized gain of more than 2108 percent. You should just focus on your futures account, and forget the other...

I think the more important question is who are you? Why would you follow trading advice on a forum where anyone can post? Did you test any any of Rickshaw's advice before committing real money or blindly plunge in?

According to Rickshawman, the futures gap up on Sunday after the Friday close only 87% of the time. So you can't expect to have a winner every Sunday.

May the odds forever be in your favor.

Here's an idea on how NOT to lose money. Open an account at Interactive Brokers, choose the zero commission option (IB Lite) and use the IB paper trade account with 20K until the mentee can double it to 40K.

I would go long the wings. There's a lot more profit in that area. The risk reward is way better.

I think that's called the volatility smile. It's a well known phenomenon. I don't know why it's that way.

The best stock for a covered call is one that you have confidence is moving up. You write a call on VZ and it suddenly cuts or eliminates its dividend, you'll find yourself sitting on a big loss.

Sell a put first and wait for the shares to be assigned to you. After the shares have been assigned, then sell a call. A naked put is equivalent to selling a covered call.

IB spread charts are a mess. You need a different data and charting provider, like Sierra Chart.

Your return on a cash deposit at a bank is close to zero, so cash is being put to work in assets that yield a better ROI. At this point in the investment cycle, cash is trash.

Start with back testing and simulated trading. After you show consistent profitability in back testing and simulated trading, trade with real money. Start small as suggested by previous posters.