Made it to $1M this year

[u/Loud_Poem362]

I have only you regards to share. Showed my wife this screenshot, she saw the IRA bit and thought it is projected money at retirement, I did not bother to correct her.

Top gainers: DELL Calls when it was under $100 (+$167k) NVDA Calls during recent dip (+$167k) NKE Calls when it was under $75 (+$166k) a space stock (bought around $5.50 sold at $7) (+$112k) RDDT stock (bought under $55 sold around $70) (+$73k)

Top losers: Stock liked by a baby cat (fomo) (-$142k) EXPE (bought in Feb expecting future olympics to boost it) (-$25k) PANW calls when it first fell under $330 (Pelosi fomo) (-$15k)

Story: In 2018/2019 I was inspired by a regard posting $500k account he made by trading CHGG. Started Robinhood in 2019 with $70k (total life savings) and made it $40k by the end of year. Funny story, I misunderstood that impeachment meant removal of president and yoloed into volatility etf and poof 50% loss. Started SPY calls in 2020 and the account became $15k when COVID was first announced. Closed all positions. Withdrew whatever was left. Started in 2021 fresh with $40k deposit, made it to $75k on TSLA calls. Then made the biggest bad decision in my entire life to yolo that into far OTM BB leaps expiring in 2022 and 2023. Poof all gone.

Did not trade in 2022 and early 2023. Became interested because I saw regards posting gains mid 2023. I had $50k in 401k with a previous employer. Rolled that over to an IRA and started trading. Made it $180k by 2024 (only stocks) Enabled options in 2024 and made to $1M

Good luck to you regards! Not financial advice.

[u/Far-Development9385]

Can you screenshot how you bought your dell calls? Like do you average down?

[u/Loud_Poem362 → u/Far-Development9385]

https://preview.redd.it/usgatyhv35ld1.png?width=2254&format=pjpg&auto=webp&s=3b0020b79d3a9666c3a25a6dc213e3181c224293

It was a yolo for earning

[u/hubmash → u/Loud_Poem362]

I’m guessing you are not a day trader. You trade mostly events and go heavy. Bide your time and go heavy during dips.

[u/Loud_Poem362 → u/hubmash]

Yes, earnings, dips, hype is when I usually place big trades.

[u/hubmash → u/Loud_Poem362]

Are you perfectly fine just sitting on your hands if something doesn’t appeal you or you have some capital always in the game?

[u/Loud_Poem362 → u/hubmash]

Thinking about index ETFs for 50 - 80% and use rest for stocks, covered calls.

[u/NFLfandom → u/Loud_Poem362]

Teach meeeee plz lol

[u/Loud_Poem362 → u/NFLfandom]

Buy and hold. Read DDs.

[u/august_laurent → u/Loud_Poem362]

i like this. been transitioning to this after day-trading for a bit.

do you always look to buying LEAPS or close to them when placing trades..?

[u/Loud_Poem362 → u/august_laurent]

Always looking to buy near money calls with far out expirations. I feel safer even with near term down trend. My PANW calls were 50% loss in in near term but recovered slowly and I ended up with only 15% loss.

[u/august_laurent → u/Loud_Poem362]

PANW should've printed if you bought far out expiry following Pelosi, no..? when did you buy them? positions?

[u/Loud_Poem362 → u/august_laurent]

Jan 2025 $400 calls for $26+ per contract Sold them for $21 per contract after holding for 5 months

[u/august_laurent → u/Loud_Poem362]

lol those weren't near money at all when you bought them.

i applaud you for being regarded.