Journal: Small account challenge - $2k to $50k Daytrading options

Started the account with $370 on June 23(screenshot below shows the EOD balance on 6/23), as of Friday 7/31 - the account is sitting slightly below $2k. Basically a 5x so far

The goal is to get the account to $50k before the year is over. I will provide updates - win or lose. Lets go!

 

Short SPY to 50K

 

$370 to $50,000 from June 23 to December 31 would be a compound annual growth rate of about 1,130,876.86%.

 

This guy knows his math.

 

Your poll is improperly worded. "Will I do it?" not "Can I do it?"

 

What kind of trades did you do to 5x your account?

 

Can I chip in some money into your strategy? I feel more excitement here than going to Las Vegas casinos.

 

Excellent wording!

 

Couple questions based on your post:
1) How much is the commission round trip?
2) How many ES pts are you looking for in order to make options a better instrument than future themselves?

Looking forward to your response...

 

I'm trading options on individual stocks, not futures or etfs. Commissions are roughly 1.20 round trip per contract.