I am about to sell my losing trade that I have been in for 35 days. My unrealized loss is -$1,260 (soon to be realized). This isnât the first time I lost money; my last trades included total loss of -$2,300. You see, I work a shitty job. I get paid minimum wage plus commission (8.75+ commissions). My average weekly paycheck is $380.00; I am 23 years old and a college dropout. Bottom of the American society barrel. NOTE: Parents feel free to show your kids this post to show them what life is like when a person decides to drop out of college. I have been trading options for the last 8 months with a total loss of -$3,695 and counting. Here is a blog where some, not all, of my trades have been recorded. http://jsochi.blogspot.com/ How did I get to this place, read onâ¦ Rewind a year back, I was a college student on my way to attend Sac state. Given my ambitious personality I wanted to be rich. I started reading articles on investing and over and over again kept hearing that the best time to start investing is in the 20s. With time on your side, it will compound of the years. So I started doing research on investing. My friend told me that he made 1000% almost every month trading Google options (this was when Google was making its run to $750 a share) and thatâs how I discovered options. Given my extreme personality I jumped right in and started researching options. Soon I didnât have time for school anymore (didnât register for next semesters) , no social life, just work and researching. Cut expenses to the bone. Nothing except necessities. Save, save, save. My schedule is this; Get up at 6:30am (pacific time) watch market until 1pm 2:00pm go to work 10pm come home do research, read books, online articles etc, analyze charts, discover indicators, etc.. 12am go to sleep 6:30am get up In the mean time save, save, save. Now its 8 months later and Iâve lost a total of $3695. I am currently saving up again. This time I have plan. My plan is -10% stop loss on any trade (no matter what you undisciplined retard!!!!) I watch XLF Spy on 10 day 60 minute chart with 12ma. Go long short whenever with 10% stop loss. AAPL, ACH, QQQQ on 1 year daily chart with 30 MA. Go long short when price crosses MA with 10 stop loss. I want to grow my account 25-35% per month, which is reasonable with options. I have been paper trading (yea yea I knowâ¦) my strategy this time it really seems like its got some potential, according to results. I hope this time will be different. Armed with my stop loss and strategy I feel like its going to a lot easier from here on. I have clearly outlined my rules for this strategy. They say that doing the same thing over and over again and expecting different results is the definition of insanity. I consider myself ambitious and determined to succeed no matter what. My goal is to be a consistently profitable options trader. I will either spend my whole trying to succeed at it, or achieve my goal. I have given up everything to be good at this, I don't want anything else in life but this, I want to be a successful options trader.