It's possible but it's highly unlikely. It's worth trying but there's no way to know if you'd be wasting your time because you don't know what your abilities are.Is it possible after two years of trading to be in a position to pull a couple of thousand a month from an options account if you started with 50,000 and reinvested any profits for that time? Is this worth trying? Am I just wasting my time?
To succeed in the market, you need an edge. For an investor, that might be fundamentals. For a trader, it might be technical analysis. One can trade patterns, Fibonacci, astrology, the news of the day, earnings announcements, intraday momentum, swing trade, skew, volatility, whatever.
With options, you need to get an awful lot to make them work because there's so much working against you (larger spreads, time decay, and sometimes, illiquidity and implied volatility. In addition, you have to get the underlying right in some form (pick a direction or bet on neutrality). Part of their allure is the lower capital outlay, leverage and even the complexity of what you can do with them. And then there's that pesky little money management thing which pertains to all investments.
Trading is a skill that takes honing so that you can react rather than ponder. Like chess, with options, you need to think several moves ahead, not just simply place a trade. You need to face adversity without emotion (panic) and think clearly while under duress. So my two cents would be to trade stocks in small amounts while learning the complexities of the chess game (options). Hone those trading skills. Build confidence. Learn your abilities and your limits. Start very small and increase size if/as your skills develope.
