From $1000 to ? Trading SPX Weeklys in my Roth

Trade Theory

Trade Theory

Hi Guys! I've got a roth with $1001.75 in it. I plan to trade SPX weeklys purely speculatively with the objective of quick growth. Planning to trade butterflys condors and verticals and will be tracking my trades here. I'd say chance of blowing up my account maybe ~35%. I'll be placing my first trade this Friday. Wish me luck!

Starting Balance: $1001.75
Current Balance: $1001.75
PnL: 0

Trade 1: to be determined
 
nah.... go mow your neighbor's lawn and get that to the $6500 limit.... you sound like a young dude... don't waste your time... both my kids are doing the $6500 limit plus extra money in a non retirement account... starting young you can let the compound magic work for you.
 
dozu888 said:
nah.... go mow your neighbor's lawn and get that to the $6500 limit.... you sound like a young dude... don't waste your time... both my kids are doing the $6500 limit plus extra money in a non retirement account... starting young you can let the compound magic work for you.
More...

I cap my contributions each year in my Roth 401k and have other outside retirement accounts. This account is funded with separate monies earned from a passive source of income that generated $1K in 2019. It’s basically free money so I put these funds aside with the intent of over allocation and aggressive growth. High probability the account will be blown up as my starting allocation will be appx $150-$200 per trade.
 
Trade Theory said:
I cap my contributions each year in my Roth 401k and have other outside retirement accounts. This account is funded with separate monies earned from a passive source of income that generated $1K in 2019. It’s basically free money so I put these funds aside with the intent of over allocation and aggressive growth. High probability the account will be blown up as my starting allocation will be appx $150-$200 per trade.
More...

Why do 15-20% of your account on a trade? Why not just do 1.5 to 2%? You last longer when ye be wrong.
 
Trade Theory said:
Haven't you ever opened a "fuck it" account? I allocate responsibly in my other accounts, I promise.
More...

No, I opened a single account of "Live with it and do my best".

Opening a "fuck it" account is like opening an account at Foxwoods or Encore Boston. In case you did not know, those are casinos in New England.
 
Saltynuts said:
Damn, trading with only $1k? Sounds nuts, but good luck, I will be watching!
More...

Trading a retirement account with $1000 is just plain dumb. I suggest finding something better to do with your time.
 
Overnight said:
No, I opened a single account of "Live with it and do my best".

Opening a "fuck it" account is like opening an account at Foxwoods or Encore Boston. In case you did not know, those are casinos in New England.
More...

I am a bit of a gambling man and play poker at the casinos here in San Diego frequently. This has greater edge. I'm looking at the $1k as a small percent of my total net worth not as my whole account. Anyway not here for approval, I'm here to track and publicize my success and/or failure.
 
You must log in or register to reply here.
Back
Top