1k to 100k

Still holding on all your 20 contracts?
  • Quote from rsethura1:

    I understand every ones response, but if i had say 30000 dollars and plunked it down on OTM calls, then yeah I am gambling, but i starting with 1000 dollars and i dont care if i have to catch a lucky break here or there to grow this, but the reason i posted gild was i had done my DD and saw where the stock was a week before i posted and checked out the estimates and thats why i posted gild...the options volume was also decent enough to play this. my goal was to sell this at .80, but if it stalls out at .60, i will gladly sell and take the 50%.

    May be it is gambling, but atleast i am not throwing the money randomly with out any dd. again this is just my quest and if i fail at it, so be it...
    atleast i will be happy knowing that i plunked down 1k based on DD
 
Did you sell yet? at what price?


Quote from rsethura1:

You're probably right, I could have cut down on my risk by playing the may 60 ITM calls...thanks for the honest and sincere advice. I do appreciate that...my goal is not make new folks follow me and lose money...if that is the impression this forum is having, then i will stop posting...I dont have to make money at the expense of others losing...

may be next time when i post a play, i will post what i am playing and what would be the best conservative play as well...
More...
 
i have not sold yet...want to see the action today and tomorrow. but will pull the trigger for atleast half if it hits .60 for a 50% gain.
 
rsethura1,

Congrats, not so much for the outcome, but for sticking to your convictions.

Even though I agree that there are strategies that are better suited to minimize risk, what else could you have done with $1k? Nothing in my opinion, but I could be wrong. (any comments on this from the experts?)

The only way out when someone has such a small account is going for a home run.

I have done it before, so it is possible.

Hope this one works for you.

Cheers !
 
forgot to mention and for you to consider.

in directional plays, I never ever ever buy otm or atm. only itm or better yet ditm.

time really kills....

:cool:

do I see 12M pre-market? this thing is going to 67.50 min.....but one never knows..
 
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