Have You Seen This Done Before?

[cnms2]

Great post!

Quote from riskarb:

So, so wrong... Rescue = add risk and/or reduce potential return. There is no such thing as a rescue or repair strategy. Offset and move on.

 

[goodfellow]

Quote from tj1320:

If an options trader could make 10% per month, theoretically that person could turn $5,000 into $1,500,000 in 5 years. Here is the chart I found but I found it on a penny stock site. :eek: I know this wouldn't happen with penny stocks.

http://www.rollercoasterstocks.com/building-investment.html

It makes sense for options but I would think that the open interest would REALLY be a factor after a certain point because I can't see being able to put six figures into options every month and eventually 7 figures. My previous trades have shown me that 10% is very easily obtainable per month but I'm not sure how that would change once the account grew into the six figure mark. Thoughts? Do you make 10% or better per month from options trading? If so, how large have you grown your account?

That sounds like a good plan. But if it were that easy to do, then how come the owner of that website(Charles Heath) you posted isn't doing it himself? He is trying to get people to sign up for 199.99 yearly memberships to some newsletter. If somebody can turn 5,000. into 1.5 million in 5 years then I doubt he would be trying to penny pinch 199l.99 from people.

 

[tj1320]

I realize that this guy is not doing it. I simply got the idea from that chart and thought, "10% per month in the options market would be much easier and much more probable than 10% per month on the stocks themselves." I thought maybe some of you guys had tried this but obviously not.