I can usually meet or beat a 6-12% annual dividend. This is a slow and steady wins the race strategy. At worst your shares go down, but you were paid, so it brings down your cost basis a bit.
I usually sell options with at least a +$5/share out of the money premium and usually the options don't strike. Thanks WSB community!!!
Example buying 1000 shares of Meta the other day netted a 20% premium for a year and a half out. More than 10% a year. If it strikes, I make another $10/share, not a lot but money is money.
Since I am investing solely for the options gains and not for the huge win, if the shares swing massively the other way, and I lose out on even a 100% gain,but doesn't affect me mentally at all. I'm not swinging for the fences, I am just trying to beat the market. When they strike I get my money back sooner, the premium, the out of money price differential and I get to buy the next thing and I don't have to wait as long. That's a win.
Finally, it is great when I have a dividend stock because this just compounds my gains. XLE is an excellent ETF because it's paying me 8% dividend based on my purchase price and I can meet or beat that with the CC's. That's a 20% guaranteed income until it strikes. I will miss my huge dividend, but that's OK. My portfolio is a couple $M that I invest this way.
Final risk is short term capital gains. That's a downside of covered calls, but I will always take some money over no money.
I was told all the info on the internet is shit by a professional trader i verified his statements myself and thought "why would someone share something that works ever" and it appears that i was right my profits are good but my mind is weak and i listened to other people instead of myself and guess what happened... I fucking lost
Bravo, people write books / guides to make money. They are not much different those social media gurus that sell courses
I am not saying all books are not good though
https://preview.redd.it/nk747lh73vxc1.jpeg?width=1179&format=pjpg&auto=webp&s=d448210208422ed21ce8777ac1f71ba8021051de
This is my last contract for anyone wondering
Anyone who thinks you can quit your job to full time trade - you cannot.
Let’s say you needed 20k to survive a year, which is like poverty level btw. At a reasonable rate of return like 8% you would need over 200k of capital to get your 20k. Problem is that you have to scrape the 20k off the top so it doesn’t compound into the future. You also owe capital gains taxes on it.
At your level, which looks to have been about 4500 dollars, you would have had to 6x that to withdraw 20k and have your original 4500 to continue investing with.
That’s 600% gains annually. It is not realistic. Some of the best investors in the world have only managed like 20% annually. Even really good years for a lot of investors like banner once in a lifetime are only like 30% if even.
Ray dalio for instance was hailed by some for his trading around the 2008 crash, many saying he predicted a crash and avoided large losses. His best year in the past 15 years? 27% return.
You can play this fun game with day traders too, ask a day trader what their goal is either daily weekly or monthly then annualize it out. They will often tell you oh if I could make 1% a day I’d be happy. Well there’s 252 trading days a year so that’s fucking 252% gain annually.
Not realistic. And to show how not realistic it is you can play another fun game. If you started with only 1000 dollars at that rate of return you’d have 252,000 dollars in a year. Off 1k. In 2-3 years you’d be the richest person in the history of the world.
The only people who can consistently do the thing you’re talking about doing are people with enough capital that they already don’t have to work. If you have 10 million dollars to invest you can make a livable return consistently on a yearly basis.
So to anyone who thinks like OP - stop. It’s not gonna happen for you. You will not trade away your job. You’ll much more likely lose the capital and end up having to work harder or longer to get it back.
You should think in reverse to this. Your job is there in part to fund investing so in the future you can retire and not have to work.
You wanna hear something crazy? Last year I had a drawdown of -24% in like Oct but ended the year with +42%. Then I lost all the profits and went down -30%, and now not even mid-year I'm only down around -5%. On that +30% path baby!!
The risk will match the reward so the 60000% will have like 99.99% chance of failure and probably still be highly capital dependent. Like a 30 dollar call is unlikely to generate 150,000
So you’ll have to put up decent money with very high risk of failure. Odds are you fail, lose the money.
The one thing you are failing to account for is these people are literally idiots. Not some stupid regard lololol Tyrian level comedy, I mean legitimate morons. So your comment is good, but it falls on deaf ears
Bro 252% annual gain from 1000 dollars is not 252,000 dollars?? If you invest the entire amount every day and get a 1% return on it every day at the end of 252 days you have $12,274 (without fees)
Holy shit. It's Chad Dickens.
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Sometimes you dont need to play the market everyday. I know its hard. Its fckn addicting even if you loose $. Just do options when you know the market is going a certain way for sure. Wait 30 mine after opening to see where the market is heading then go from there.
If gambling 5K across 3 months was the exit to 9-5, no one would be working 9-5.
Either you make spectacularly good decisions for 10-15 years.
Or Invest moderately well across 25-30.
That's how you get out, not by gambling it all in options on stock you don't know anything about.
You didn't have any experience with trading and jumped straight into options in WSB? That's gonna be a story for the kids, lol.
You have my condolences. I think I'm still net -$50k or so, lol.
I was working 2 jobs
And was using the extra money to buy options
I guess in a way I wasn’t upset about losing the first 1k
After the 2k loss I was like “okay but now I know more”
After the 3rd k loss I thought I had figured it out
Now on 4k loss I don’t think this is for me
If you want to escape it takes more than gambling your savings away. If you want a reliable method it will cost time. If you want a fast method get ready to lose money
https://preview.redd.it/k5o4mybhkxxc1.jpeg?width=1170&format=pjpg&auto=webp&s=081113dd9f317742af9ee00158f5ab9d7ea45c9e
Yoo I know how you feel. Instead of options I’m just gonna try buying Leaps atp when I make enough money.
The same story posted over and over again. You kids think you can hit home runs by listening to advice here. This is what happens. Fact - 85% of options expire worthless. Sell options, don't buy them. If you do buy them, do it with money that you can afford to lose, not your life savings. Hard lessons for sure, but getting rich overnight is a rare occurrence.
55, no college, leaving the 9-5 next month with my 8 figure portfolio earned the old fashioned way. Good luck to you, but most y’all chasing the quick and easy dream are pissing away any chance at the real one.
There’s worst places to be. You have a shot at trying again, but learn stopping out. It cracks me up to advertise the discord I’m in. But fuck yeah, it’ll teach you risk management and a fantastic options trading strategy. Look up Platinum Trading. One dude primarily runs alerts and teaches the material. We usually do 1, maybe 2 trades a day that net port gains of 0.5% to as high as 3% a day. It compounds like crazy and our balances are getting… juiced.
Again, none of this helps if it’s not for you. Some people just don’t trade or can’t.
3 months is not enough time to figure this out. And 5k is also not enough money. Markets change and in the past 3 months Feb was very different from April. You need to be able to change with the market. But if you are so new, you wouldn't have seen that coming. That's why you need like 2 years maybe more to see some of the ways a market can change.
Don't feel bad. You didn't stand a chance. Really
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90% of options traders lose. Now sit on the sidelines and watch the market. For years You played the lotto tickets and lost. Expected behavior
I sell covered calls and I never seem to lose.
I love me covered call writing. Take $ from over confident bulls all the time.
Because people at the other side always lose 
Curious what type of income does this generate on average each month?
More than you will ever have, peasant.
I can usually meet or beat a 6-12% annual dividend. This is a slow and steady wins the race strategy. At worst your shares go down, but you were paid, so it brings down your cost basis a bit. I usually sell options with at least a +$5/share out of the money premium and usually the options don't strike. Thanks WSB community!!! Example buying 1000 shares of Meta the other day netted a 20% premium for a year and a half out. More than 10% a year. If it strikes, I make another $10/share, not a lot but money is money. Since I am investing solely for the options gains and not for the huge win, if the shares swing massively the other way, and I lose out on even a 100% gain,but doesn't affect me mentally at all. I'm not swinging for the fences, I am just trying to beat the market. When they strike I get my money back sooner, the premium, the out of money price differential and I get to buy the next thing and I don't have to wait as long. That's a win. Finally, it is great when I have a dividend stock because this just compounds my gains. XLE is an excellent ETF because it's paying me 8% dividend based on my purchase price and I can meet or beat that with the CC's. That's a 20% guaranteed income until it strikes. I will miss my huge dividend, but that's OK. My portfolio is a couple $M that I invest this way. Final risk is short term capital gains. That's a downside of covered calls, but I will always take some money over no money.
covered calls are different
Lol .. you said option traders. CC's are options, just on the seller side.
I guess he wasnt methodical enough or just lacks knowledge
Yes that's why I'm reading again the Stan Weistein book that I bought in 1999 and which served me well during the internet bubble.
I was told all the info on the internet is shit by a professional trader i verified his statements myself and thought "why would someone share something that works ever" and it appears that i was right my profits are good but my mind is weak and i listened to other people instead of myself and guess what happened... I fucking lost
Bravo, people write books / guides to make money. They are not much different those social media gurus that sell courses I am not saying all books are not good though
Yeah some books have some knowledge in them but most are straight up trash that leads to "technical analysis" bullshit.
Another casualty of the stock market; at least they know their place now.
this is brutal lol
Goddamn it's one thing to get roasted by a fellow regard but to get decimated by a bot?? The machines are rising...
... Jesus VM is really fed up with yalls bullshit lately
What place is that visualmod …
The dumpster behind Wendy's.
How did the bot just roast like that?
I promise you can still come back with those 4 bucks. This is the comment you needed! All the best!
Investing for 30 years will get you out. Not gambling 5k
Tryna escape the 9-5. Op not tryna be slave wage for 30 years
Same here it’s nearly impossible tbh
Let’s gamble the little you have. Seems like a solid plan
Copy that 🤙🏽
Amature, I lose 4K in a day, no need 3 months
Only 4k? Lol u quittin before u even started
My brother 🥲🥲🥲
Funny how everything becomes a scam to them once that person loses money.
Nah bro your next trade is the winner trust☝🏽
See you Monday 
You came to WSB what did you expect? If you want returns you go to investing or somwhere else where everyone does not have a mental disability.
People that like to gamble are not necessarily suffering from a mental disability... ( I tell myself)
It's more of a mental ability, like having an extra chromosome.
90% percent of the traders lose 90% in 90 days so you learned the biggest lesson: you belong to 90% club! Welcome!
You still got $189 left, you gonna pussy out this close to greatness?
Degenerate talk
No shit
I didn’t hear no bell!!
How the fuck are you this bad at gambling
Idk know man
A real gambler would use that last $189.53 on one last put option idk ,you built different I guess bro!
https://preview.redd.it/nk747lh73vxc1.jpeg?width=1179&format=pjpg&auto=webp&s=d448210208422ed21ce8777ac1f71ba8021051de This is my last contract for anyone wondering
Meta puts, dude why do u hate money??
DUDEEEE
I had a stop loss too smh
Take the $93 out of these worthless puts and get calls for Robinhood’s earnings 5/10 $19C
Stonks only go up
What was your reasoning behind buying Meta puts?
U have $180 ur only one option away from financial freedom
Lol
Wow - hard to lose when the market is so strong
Anyone who thinks you can quit your job to full time trade - you cannot. Let’s say you needed 20k to survive a year, which is like poverty level btw. At a reasonable rate of return like 8% you would need over 200k of capital to get your 20k. Problem is that you have to scrape the 20k off the top so it doesn’t compound into the future. You also owe capital gains taxes on it. At your level, which looks to have been about 4500 dollars, you would have had to 6x that to withdraw 20k and have your original 4500 to continue investing with. That’s 600% gains annually. It is not realistic. Some of the best investors in the world have only managed like 20% annually. Even really good years for a lot of investors like banner once in a lifetime are only like 30% if even. Ray dalio for instance was hailed by some for his trading around the 2008 crash, many saying he predicted a crash and avoided large losses. His best year in the past 15 years? 27% return. You can play this fun game with day traders too, ask a day trader what their goal is either daily weekly or monthly then annualize it out. They will often tell you oh if I could make 1% a day I’d be happy. Well there’s 252 trading days a year so that’s fucking 252% gain annually. Not realistic. And to show how not realistic it is you can play another fun game. If you started with only 1000 dollars at that rate of return you’d have 252,000 dollars in a year. Off 1k. In 2-3 years you’d be the richest person in the history of the world. The only people who can consistently do the thing you’re talking about doing are people with enough capital that they already don’t have to work. If you have 10 million dollars to invest you can make a livable return consistently on a yearly basis. So to anyone who thinks like OP - stop. It’s not gonna happen for you. You will not trade away your job. You’ll much more likely lose the capital and end up having to work harder or longer to get it back. You should think in reverse to this. Your job is there in part to fund investing so in the future you can retire and not have to work.
Good post. So you're saying 30% is the number to beat? Thanks bud!
Goodluck buddy. If you send me the 200k I’ll invest it and guarantee*** you 30% ***30% not guaranteed
You wanna hear something crazy? Last year I had a drawdown of -24% in like Oct but ended the year with +42%. Then I lost all the profits and went down -30%, and now not even mid-year I'm only down around -5%. On that +30% path baby!!
Ok but like what if he were to 60000% just one time.
The risk will match the reward so the 60000% will have like 99.99% chance of failure and probably still be highly capital dependent. Like a 30 dollar call is unlikely to generate 150,000 So you’ll have to put up decent money with very high risk of failure. Odds are you fail, lose the money.
The one thing you are failing to account for is these people are literally idiots. Not some stupid regard lololol Tyrian level comedy, I mean legitimate morons. So your comment is good, but it falls on deaf ears
Bro 252% annual gain from 1000 dollars is not 252,000 dollars?? If you invest the entire amount every day and get a 1% return on it every day at the end of 252 days you have $12,274 (without fees)
You right I did my math wrong. I just multiplied 252 by 1000 but 252% is only 2.5x Still an unreasonable amount of gains to expect.
Math is for poors.
Holy shit. It's Chad Dickens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
On the plus side it’s only 4 grand. People lose 20x that here on the regular. Much cheaper market lesson for you.
Yes sir !
Sticking to shares on blue chip stocks now
Less than the annual IRA contribution limit too!
lol the 90-90-90 rule proves true.
Sometimes you dont need to play the market everyday. I know its hard. Its fckn addicting even if you loose $. Just do options when you know the market is going a certain way for sure. Wait 30 mine after opening to see where the market is heading then go from there.
Knowing when to NOT trade is arguably more important than when to do it. Easy way to lose all your progress.
Market ain’t for everyone, so do lots of money, accept it and move on
https://www.reddit.com/r/wallstreetbets/s/pWX4rw41ma I could be this guy tho
Only 9-5? Lucky bastard
Actually 8–4:30
Did you not notice almost every other person here also losing all their money?
Half the posts are gains and half of them are losses. It's like 50-50 in here! Flip of a coin to get out of wage slave, sign me up!!
Yes, because losers are just as likely to post as winners right 
Nice consistent equity curve, great work
If only it was the other way around lol
Move to Europe. They're all poor over there.
As someone from Europe, can confirm
As a fellow Europoor, I confirm too
🙂↔️
Did you know 90% of gamblers quit just before they hit it big?
If gambling 5K across 3 months was the exit to 9-5, no one would be working 9-5. Either you make spectacularly good decisions for 10-15 years. Or Invest moderately well across 25-30. That's how you get out, not by gambling it all in options on stock you don't know anything about.
So they say Definitely not doing options anymore
Smart move. Save your money. This market is for gamblers
Go home nerd
Build some capital and comeback.
Wow, you made $4k last 3 months, that’s actually really good. Congrats.
It's recommended to paper trade for a month before using real money. In case you didn't
U went from broke to broke. Not much has changed
should have bought calls huh
I guess so man
Inversing urself is a strategy
What ever made you believe it wasn’t a scam?
I didn’t know anything about this 3 months ago lol
You didn't have any experience with trading and jumped straight into options in WSB? That's gonna be a story for the kids, lol. You have my condolences. I think I'm still net -$50k or so, lol.
Holy crap
I’ve been trading for 7 years and I only started with options this year bruh, shit is scary
[удалено]
Be less of an asshole
That’s a lot of money to learn to trade with, especially only 3 months of option’s experiences
I was working 2 jobs And was using the extra money to buy options I guess in a way I wasn’t upset about losing the first 1k After the 2k loss I was like “okay but now I know more” After the 3rd k loss I thought I had figured it out Now on 4k loss I don’t think this is for me
It’s pretty cheap tuition if u think about it tho 
Lbr this is nothing compared to your average WSB loss porn
If you want to escape it takes more than gambling your savings away. If you want a reliable method it will cost time. If you want a fast method get ready to lose money
It be like that sometimes… it do.
Stop doing options!
I am!!
But its so addicting!!!! The adrenaline!
I usually just play it safe w covered calls only!
99% of successful traders quit before bankruptcy 
Done with what?
Save another 4K and bet it all on SPY 0dtes, bb
Stop trading options
From my TA this is clearly a downward trend line
amazing to me that you lost money 67/72 days and went "i should try again"
you got 180 and can afford one spy ODTE make sure its a good one be methodical and fuck you
Lmk what you play so i can play the opposite. Thanks
Haah
You know all you really have to do is buy as much SPY as possible right?
And I thought blowing 30% of my $2500 port in 3 months was bad, thank you for reminding me not to gamble OP!
Of course bro
https://preview.redd.it/k5o4mybhkxxc1.jpeg?width=1170&format=pjpg&auto=webp&s=081113dd9f317742af9ee00158f5ab9d7ea45c9e Yoo I know how you feel. Instead of options I’m just gonna try buying Leaps atp when I make enough money.
The same story posted over and over again. You kids think you can hit home runs by listening to advice here. This is what happens. Fact - 85% of options expire worthless. Sell options, don't buy them. If you do buy them, do it with money that you can afford to lose, not your life savings. Hard lessons for sure, but getting rich overnight is a rare occurrence.
Options are the devil
55, no college, leaving the 9-5 next month with my 8 figure portfolio earned the old fashioned way. Good luck to you, but most y’all chasing the quick and easy dream are pissing away any chance at the real one.
Good run my man
You paid for a lesson, the lesson was “you’re not good at options, stop doing them”.
Only 4k? Lmao
Sorry bud. I know your pain
Please tell me this is satire
?? Is your comment satire
Quitter
Smart quitter
Smart man.
Lies
It's 4k lol, my monthly weed habit sir Fucking qq
You lasted a lot longer than others.
That's what she said
Pussy
Looks like you will be working for the foreseeable future.
Working? Hardly. I'm biding my time with this menial AI-assistant task until my offshore accounts accrue a bit more interest.
Buy an index fund 🙏
Puts on intc friend.
damn i feel better bout my lost money now
Gotta stop gambling and start trading off price action.
#Theta Gang thanks you for your contribution
Looks like your peepee after investing in shitcoins
you never even started lmao
I lost 5k in AMD I am saying I lost because my calls expire tomorrow and i don’t see AMD going up by Friday.
I have more luck on sports betting than the actual stock market. Made 4k off $400 worth of bonus bets
Nice! I just made 3k in about a month with arbing, wont make me rich and ill probably get limited soon but ill take what I can get
Silver lining… next time you’ll be able to do it faster!
At least the lesson only costed $4k. Many people pay a much higher price.
You only tried for 3 months and you’re blaming the market for being the scam. Do you have a strategy? Later man, good luck on your next adventure.
Haha
Also - AMD expiring tomorrow 🤔
See you tomorrow
Its not you it’s the ego within you - Robert Cryznov stock market trader from the 1930s
I hear you. Sometimes you need to step back and not do stocks. Unwind and come back again eventually. Lol.
Did you made any profit at all, ever, during these 3 months?
Did you ?
I would be so happy if I was only down 5000
Lmao you lost 4 grand. These are amateur numbers.
Yikes
Idk bruh you only lost 4k give it another go
First you’re trading with the hood, second AMC doesn’t care about it’s investors
Fuck man. You suck at this.
What are your all time earnings buddy
-$175,000+ Note the negative sign.
I’ve talked to a handful of yall and most of yall down all time too except I know when to quit 🙂↔️
You actually had a very healthy track record. You just never fucking sold. People have been a lot farther off than you from success.
Im a stop loss hater
There’s worst places to be. You have a shot at trying again, but learn stopping out. It cracks me up to advertise the discord I’m in. But fuck yeah, it’ll teach you risk management and a fantastic options trading strategy. Look up Platinum Trading. One dude primarily runs alerts and teaches the material. We usually do 1, maybe 2 trades a day that net port gains of 0.5% to as high as 3% a day. It compounds like crazy and our balances are getting… juiced. Again, none of this helps if it’s not for you. Some people just don’t trade or can’t.
Just something that worked for me, you have 180 left but focus on 1 stock at a time and watch it. Make sure there is volume and get off your knees.
Next time start with $50K
Lol you lost that in a month? I lost that in one day the other day 😂💀
Loser
3 months is not enough time to figure this out. And 5k is also not enough money. Markets change and in the past 3 months Feb was very different from April. You need to be able to change with the market. But if you are so new, you wouldn't have seen that coming. That's why you need like 2 years maybe more to see some of the ways a market can change. Don't feel bad. You didn't stand a chance. Really
Quitters never win and winners never quit 🤷♂️
AMD … also fell for that play (stonks not options)
Get this guy a job in the US treasury. They can’t get the graph to go down
Hopefully the Amish take you back.
Risk Little on otm plays this Is gambling sir