OP the only way I can think you'd have a shot at your goal would be by looking for explosive moves in weekly options right before expiry.....so for example, on Thursdays only, scan the market for meaningful negative news items surrounding stocks trading in the stratosphere....if you see a news item that looks really bad on a stock, buy a weekly put expiring the next day that is a couple strikes below the stock's current price, and hope you get a big down day (-7% or worse )....you can make 800% on these type of options trade...only bet 20% of your wad, and only take the best 10-15 opportunities you see over the next 36 months. Not an easy task by any means, but that is how I would try to accomplish it if it were me.
Need 900% in 3 years- what would you do?
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OP the only way I can think you'd have a shot at your goal would be by looking for explosive moves in weekly options right before expiry.....so for example, on Thursdays only, scan the market for meaningful negative news items surrounding stocks trading in the stratosphere....if you see a news item that looks really bad on a stock, buy a weekly put expiring the next day that is a couple strikes below the stock's current price, and hope you get a big down day (-7% or worse )....you can make 800% on these type of options trade...only bet 20% of your wad, and only take the best 10-15 opportunities you see over the next 36 months. Not an easy task by any means, but that is how I would try to accomplish it if it were me.
A variety- sold some call spreads on UVXY at bad times, lost on some oil stocks in the big crash there. And a big loss on SUNE when they went under.
Thank you Steve! Exactly the kind of helpful advice I was hoping to get. I know indeed it will be very, very hard. Got to try though. Maybe some earnings plays as well- but yes, it will require those kind long shot chances.
Quit trading and get a regular job and save your money.
Ah was hoping it was futures, you can actually claw back some taxes paid on prior winning years.
I know someone who can do it. It would need your 100k leveraged x8 times (800,000) accepting an average lose of -0.32% on about 43% of the trades, Gaining about 0.58% on 57% of trades « on the leveraged balance. You'd need to be using the right platform also.
The real question is, what does he or she get out of this?
The real question is, what does he or she get out of this?
De fuk u talking bout Willis.
I'm confused.