From rags to riches, 700$ to 100k in 2013

Discussion in 'Options' started by dfantome, Jan 9, 2013.

  1. So are you speaking from experience here. I assume your a successful trader who used the same method? Or how can you be so confident this is a short cut?
     
    #171     Jan 20, 2013
  2. I hope that your trading is going well, and an update would be appreciated (when you get a chance).
     
    #172     Jan 22, 2013
  3. dfantome

    dfantome

    Hey guys, sorry for the lack of updates. Got a new night shift job at a home and ive been working at night, and trying to trade during the day.

    Havent been as active when I was unemployed.
    Account was up to 1100 at the end of last week.

    This week started off bad, with a max drawdown to 310$.
    Made some bad plays & finally learned the reason to use stop loss, and to leave bad trades once they go against you..instead of waiting and hoping for a turn around.
    I got the account back up to 450$.



    I went ALL IN on NFLX calls 125 @ .11 ....tommorrow im looking at account balance of 25,000 +

    So all i got to say to the ones who doubt is ahahahahahahahahaha
     
    #173     Jan 23, 2013

  4. best of luck brother!
     
    #174     Jan 23, 2013
  5. spd

    spd

    Congrats on your 'all on black' moment (assuming you arent just fucking with us).

    Now put 90% of that in a college fund for your kid and pretend like it never happened.
     
    #175     Jan 23, 2013
  6. dfantome

    dfantome

    Im actually going to do just that..
    5k for a college savings account for the child investing conservatively
    5k to my mother for house repairs

    10k for a new account at IB, so I can start with my "real" strategy of put selling and put spreads.

    and whatever else is left will go for play, or into the savings account for daily living.

    never thought id be even above 5k this early on (knock on wood),
    especially after those losses early in the week.

    im scratching my 100k "goal" as im satisfied with 25k. Gonna do some things with this money like I laid out above, and come monday im gonna start a whole new strategy, no more risky business as I have enough bank (in my opinion) to start treating this like a real buisness instead of a speculative casino.. although I will still do some call buying it will no longer be a main part of my over all strategy.
     
    #176     Jan 23, 2013
  7. spd

    spd

    No.

    Yeah, do this.

    It could be months before your other strategies start paying off meaningfully.
     
    #177     Jan 23, 2013
  8. BS. Troll thread. Amazing how nobody ever posts about these lotto wins until after the stock rallies $35 AH.
     
    #178     Jan 23, 2013
  9. 700 to 25k, gosh, im trading the wrong instrument, do you have a P/L statement we could see?
     
    #179     Jan 23, 2013
  10. dfantome

    dfantome

    Yeah, ill post my trade history after I cash in tommorrow.
     
    #180     Jan 24, 2013