The guy said: "as it unfolds starting Thursday September 17th." so clearly he hasn't even started yet.
$1,000 *Starting* Options Trading Account (lets see how high or low i can go)
- Thread starter Esko
- Start date
The guy said: "as it unfolds starting Thursday September 17th." so clearly he hasn't even started yet.
Yep. My bad.
Thats good. I look forward to the thread.
It may wind up being rewarding for you, but it will NOT be fun on your journey to get there. That is a guarantee. Unless you thrive on the adrenaline of that sort of thing, and think the adrenaline rushes are "fun". They ain't fun for many folks, but rather a true test of character and wherewithal.
Hey sorry I'm late on the update. Have to delay this trading project until next week due to other financial priorities. But next week Thursday should be good to go.
To answer a few questions on here, I will mostly be trading the blue chips and SPY options.
No daily goal, just seeing what opportunities present themselves(if any) for the day try to take quick advantage and be done with the day.
Look forward to next week! Thank you for all the support and I will be very detailed when posting my trades each trading day win or lose.
To answer a few questions on here, I will mostly be trading the blue chips and SPY options.
No daily goal, just seeing what opportunities present themselves(if any) for the day try to take quick advantage and be done with the day.
Look forward to next week! Thank you for all the support and I will be very detailed when posting my trades each trading day win or lose.
Hey guys, so today is the first day of my humble little trading adventure. I decided to do half of what I originally wanted to start off with and decided to go with a $500 starting options account instead of the $1,000.
Friday, September 23rd Trading Results:
Bought 11 TWTR 22 calls weekly expiration at .34 and got out at .55 for a cool 61% total gain. Stalked it for a while and waited for it to consolidate a bit and the trade worked out really well.
Then to end the day, I did a quick scalp on some SPY calls, saw good support at 216.10 towards end of day and found it to be a good area to get long. Got in 8 (215.50) calls at .71 and exited at 1.05
So overall a pretty good start to this new adventure.
Account is sitting at $848 now from a $500 start. See you all Monday.
Friday, September 23rd Trading Results:
Bought 11 TWTR 22 calls weekly expiration at .34 and got out at .55 for a cool 61% total gain. Stalked it for a while and waited for it to consolidate a bit and the trade worked out really well.
Then to end the day, I did a quick scalp on some SPY calls, saw good support at 216.10 towards end of day and found it to be a good area to get long. Got in 8 (215.50) calls at .71 and exited at 1.05
So overall a pretty good start to this new adventure.
Account is sitting at $848 now from a $500 start. See you all Monday.
I find trading VERY fun, it's something I'm deeply interested in something that constantly motivates me and intices me to be better at. It's the only thing that I have experienced in my life that can give true financial freedom. I love all the aspects that affect the markets and individual stocks, I love rumors, I love reading other people's opinions on stocks, I love he entire lifestyle of being a trader. The day I don't find trading fun is the day I quit, some people don't find it fun because they lose but it's part of the game it's how you can mold your strategy and learn from your losses (btw I ins this fun as well) that determines your future outcome as a trader.
I've done this in the past as well but have hopefully learned from it, trust that you can have another outcome rather than just losing it all overnight. First step in achieving a goal is to imagine a positive outcome but at the same time be aware of past mistakes.
Still here
Interesting!! Going to watch this at some point this weekend. I love docs about trading....your (amateur) story makes me think of the people in this trading documentary:
Traders Millions By The Minute Season 1 Episode 2 Full Episode
I see that you have one very distinct advantage in this journey of yours, that most others do not take into consideration. From what I recall, you basically went into this with the thought that you may lose your $1,000. Extrapolating from that, you are doing it with money you have no need for. It is money you can afford to lose. Like trading with $1,000 you found on the street, as a crude example.
That is very beneficial. It is like trading a live account with money that you just "came across and have no need for". That is a tough barrier to break, mentally. "Hmmm, I found $1,000 in the street, in a bag. I don't need it. Let me try to trade it and make more with it. If I lose it, *shrugs*, oh well." <----If that is what you are doing here, you have an edge.