$2000 Profit Off First Option Trade

Fundlord said:
Just to clarify to everyone this was a paper trade on optionsxpress :p
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you write a forum post titled: $2000 Profit Off First Option Trade"
...and on the 6'th reply you then say it's only a paper trade account... :confused::fistbump:

But congrats on being 'profitable' nonetheless. -- Now just repeat this process again and again...and again... with a real account till you become rich. :cool:
(imagine your 60% rate of return. compounded...)
 
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lawrence-lugar said:
you write a forum post titled: $2000 Profit Off First Option Trade"
...and on the 6'th reply you then say it's only a paper trade account... :confused::fistbump:

But congrats on being 'profitable' nonetheless. -- Now just repeat this process again and again...and again... with a real account till you become rich. :cool:
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and learn about something called money management after you blow up
 
Bry said:
and learn about something called money management after you blow up
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"Money management" is an imaginary construct of retail traders. It conjures up images of the average ETers sitting in front of a bunch of charts, probably wearing a wizard hat, maybe with a Scorcer's stone desk ornament. Money management isn't a real academic subject pertaining to trading, risk management is a real thing. If you're gonna be a jerk and bandwagon on dissing some new guy, at least try to talk about something legitimate.
 
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Look - with options, anyone can get lucky once.
Being consistent is another thing completely.
He was deep ITM and got lucky ... that's all.
Let's have him start a blog to see the rest of his trades.
 
syswizard said:
Look - with options, anyone can get lucky once.
Being consistent is another thing completely.
He was deep ITM and got lucky ... that's all.
Let's have him start a blog to see the rest of his trades.
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SP500 hits 1930 before the end of the week thats why I bought the 195 puts I didn't pick them at random. I just want to take advantage of the asymmetry of options rather than trading the underlying like I usually do.
 
cjbuckley4 said:
"Money management" is an imaginary construct of retail traders. It conjures up images of the average ETers sitting in front of a bunch of charts, probably wearing a wizard hat, maybe with a Scorcer's stone desk ornament. Money management isn't a real academic subject pertaining to trading, risk management is a real thing. If you're gonna be a jerk and bandwagon on dissing some new guy, at least try to talk about something legitimate.
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Gee, someone is touchy. I blew up an account or three.
 
Bry said:
Gee, someone is touchy. I blew up an account or three.
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Apologies. I don't like the herd mentality of ganging up on here. Risk management vs. money management might have been a bit nitpicky.
 
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Option value is at $13200 just liquidated since expiry is tomorrow.

$3300 turned into $13200 is a 400% ROI.

I traded the underlying via short CFD's worth 160000$ and only profited $2200 with a stop which would have lost me $2000 if hit.

Don't know why anyone would trade the underlying except maybe liquidity issues.
 
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