Are you serious, or you are just testing people's reactions? If you really bought added 10 new contracts, I think one day you will lose.
It is possible. Example. Imagine you bought an OTM call on Bear the friday before it sank, and put all account in it because you thought you had a rocksolid bottom. The next trading day, it went to $3 or so down from 30 dollars something. You now have a ton of calls with market: Bid:0.0, Ask:0.05, and no volume. No one is buying. Unless Bear goes to the moon, the portfolio value is practically equal to zero with a clock ticking fast even for those holding leaps.
Yes, I understand, but to start with a small account and go all or nothing the first day isn't really trading, its just gambling.
If I recall it correctly, you started with a 3K account Therefore you made 10% return, but you risked 30% of your account. Just to break even you will need a be right 3 times on four trial (an average of 75%). To be profitable you will need more than 75%. In addition the above is an arithmetic average. The most likely result is the geometric average. ((0.70)*(1.10)^30)^(1/4). Could you pls. compute the latter number?