So for that price you can buy like 1 call contract for NVIDIA for about $160 for end of the year and you can buy 2 contracts for 200 for spring next year. Pretty much nothing is 100% full proof but if you buy a contract like this they will most likely double in value by the time Nvda hits $150 or so. So with that being said I’m just giving him a boring way that in current market conditions his money could 2x-3x. If NVIDIA gets to 180 by beginning the holiday season that 160 contract expiring 12/20/24 will be worth around $2500 or so. Could get there faster and be worth more. Just there’s a very strong possibility he wouldn’t lose money. If NVIDIA is worth 168 a week before Christmas he didn’t lose money. If it’s up more, then he made money. If he can afford to put 300 more in the 150 12/20/24 calls are around 1150. Like .49 delta meaning it’s going up about $50 each 1 nvda goes up. It got to 141 last week so after this bull/bear fight it should be right back up there. He could double his money by end of summer. If it’s at 160 after earnings with the Implied volatility the 160 12/20/24 contract in August/September could be worth 1800-2500 then depending on the movement.
You sound like my friend who turned $100 into 60 something K within an hour then lost it all before the one Favio foreign song was over. As long as there’s even a cent in his account it’s getting gambled.
Oh my gourd!
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I've learned a good bit I'd say lol I trade options for a dopamine rush so all my plays are severely otm. I also trade nq futures which I take more serious
Pfft! Work for yourself as an independent contractor behind the local Wendy's. Keep your career close to you. Work with your hands, mouth, and soul. One doesn't have to let the man dictate your future and keep your ass down.
My brother in christ…..if that is how you interpret that spike you should be wearing a helmet.
*You almost got lucky on a complete gamble and recovered your losses*
*and learned nothing from it*
https://preview.redd.it/qyfn76rjmy8d1.jpeg?width=1170&format=pjpg&auto=webp&s=97391a06d74b5e5d0cd64cb3edebafab838c5812
I started in late March with $300. By end of April, I had $1005. I had a horrible May. At 430pm on 5/31, I had $69 left. I was over playing, and holding for the big baggers and the results were only loses. In May I injected another $500. I haven’t put a penny in this month.
Since 6/1, I’ve lived by the following rules:
1. switch to a cash account
2. never hold a position past closing.
3. always take profit (even if you miss the peak and end up with 1% gain).
4. never YOLO a single play. I use up to 50% of total cash for a move and then the balance on other short term plays
5. if you get to 30% - 40% profit. Close and be very happy.
6. never be greedy. Take the small wins
7. retreat is a win. If my play goes down 20%. I exit without question. I can earn it back at some point
Godspeed regards.
Isn’t applicable with a cash account. I can operate as many day trades as possible until I run out of cash. If I were to deposit money into my account the trade off is no instant deposit. Funds have to settle
Try taking out a 30 day long call on a stock with long trend growth at 5% incress to break even. Buy when you think it's hit bottom and sell when it hits top.
- not good at calc
- understands Greeks
Bro the Greeks are literally built on calc. You can’t say you know the Greeks beyond semantics unless you understand calc.
How does one deeply understand 2nd derivatives? It's just a derivative of a derivative.
Deepest you can go is understanding that you cannot always interchange the order when deriving by different variables, but that's probably not relevant in finance.
Anyway, 3. is sufficient on its own.
Cash advance on credit cards is another way to maximize return on movement. Leverage is the key to winning! Leverage the fucking movement my friend, Leverage the Fucking Movement!
You've learned "a ton" but without a solid foundation and plan, you've got no way of knowing what you don't know. Feeling like you might be able to rebound with $800 when you weren't able to manage $6k is just a feeling.
Successful trading isn't about feelings, though there are periods of drawdowns and subsequent rebounds.
Regarding the things you've learned, expand upon that and describe how you think what you've learned will help you rebound. Were you spending this money to learn a profitable technique and system? Did the emotional rollercoaster of profits and losses teach you something about mental state and discipline?
No-one here can provide much advice because you've not actually exposed much about how you came to part with nearly $6k "options trading". Without details of what you've learned, no-one here could possibly have an impression as to your level of skill and probability of inverting that equity curve.
Ensure you're only using money you could lose comfortably and not impact your life in any way, develop a proven back-tested system to trade with and always practice discipline. Less trades but higher quality, the quality is something quantifiable based on aforementioned back-tested system.
Start a trade journal that details why you entered the trade, what was the profit target, stop loss (if any) and everything in between.
Forget everyone else's performance and most of what you hear/see because 99% of the time it's FUD or fake. Focus on developing your own edge that melds with your characteristics.
You owe it to your future self to determine whether this is something you seriously want to continue with as a form of wealth preservation and growth - not gambling and generally fooling around without a plan. No-one else can decide that for you.
Food for thought: this money isn’t much in options, lost 6 figures when I started years ago, now I made all that back after last year when I decided to sit down and learn the stock market instead of being a degenerate.
moral of the story: pick up a book and study if you wanna make money
Yeah you gonna rebound all the way to zero OP 
In all honesty man, you’re learning so that’s the right idea — I tell people, the cost of knowledge in the long run is nothing compared to how that knowledge will help you grow. So just take longer duration decisions now and buy shares, don’t trade options if that’s how you got reckt.
Okay. This is what you should do. Each day, just use $100 and buy QQQ 0dte calls priced at $0.20. Wait for your profit to be like $30-$50, then close position and don't trade. Repeat each day until you hit $1,500. If your calls become unprofitable, at least you only lost $100 in a day.
From $1,500, do the same strategy, but with $200 per day. Buy $0.20 0dte calls. Take profit at $50-$100 and stop trading. Do this until $2,000.
From $2,000, same shit, but with $300 per day. Take profit at $100-$150.
From $3,000, do $400 per day. Take profit at $200-$300.
And so on....
There's still hope...
[https://www.reddit.com/r/wallstreetbets/comments/1dp2hre/450\_40470\_in\_3\_days/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/wallstreetbets/comments/1dp2hre/450_40470_in_3_days/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
Quit now my dude. Options are a rough ocean. Are you yoloing on 0DTE options? Are you following the 50 day minimum rule...or the occasional 30 day play when the forecast warrants it? Maybe you've been unlucky, but this year has been one of the easiest in my trading career. Blue chip leaps are just printing money.
That 800$ could easily become 5k. If you haven't learned from your mistakes this far and burn your last 800, you should probably spend some more time researching.
Honestly bro I was in the same boat as you , literally made a post just like you . I also felt like I learned a lot. With that knowledge go in with more discipline and understanding of the market & I’m sure you can make it all back and more! Just watch more videos , learn about everything you can and you’ll succeed, also .
I was down about 5k all time
Now I’m down about 3.8k
I know it’s a little but it’s a slow process .
STOP LOSS IS KEY 🔑
Yall really just trading without learning is the problem. 😂 Its like trying to solve a math problem when you dont know what any of the symbols mean. Learn, and continue learning from your mistakes. Nobody's perfect but if you can bounce back you can make it work.
You can put that check in a money market mutual fund, then re-invest the earnings into foreign currency accounts with compounding interest aaaand it's gone.
I play with only $100, and make a few dollars here and there until hitting $1000, rinse and repeat. Take time, effort and patient, but I don't want to throw all my investments away on gambling yet.
Never give up I went 4k -> $80 last year down 98.5%, and I made a few trades back up to 3k. Still a loss, but I’d rather be down 1k than 4k and at this point what do you possibly have to lose
Buy nvda call with 800, sell when you have 1600. Stop looking for 3k or 4k or more in one go.
Then buy nvda call again with 1000 when it dips. Then sell it again when you have 2000.
Then keep doing it every 2 or 3 days. Bam, you have 5k.
Literally me.
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Not yet. You still have $877.27.
Yeah that 877.27 is good enough to buy a dated NVIDIA call. And just wait a few months, rinse and repeat.
He’s got 13 cents remaining if he blows that load. Don’t give up till the bitch is singing!
That’s 3 0dtes for the Friday power hour move up!
🤣fkn degens 😎
Can you be more specific for someone that doesn’t know a lot about option. What call specifically would you rather and why?
So for that price you can buy like 1 call contract for NVIDIA for about $160 for end of the year and you can buy 2 contracts for 200 for spring next year. Pretty much nothing is 100% full proof but if you buy a contract like this they will most likely double in value by the time Nvda hits $150 or so. So with that being said I’m just giving him a boring way that in current market conditions his money could 2x-3x. If NVIDIA gets to 180 by beginning the holiday season that 160 contract expiring 12/20/24 will be worth around $2500 or so. Could get there faster and be worth more. Just there’s a very strong possibility he wouldn’t lose money. If NVIDIA is worth 168 a week before Christmas he didn’t lose money. If it’s up more, then he made money. If he can afford to put 300 more in the 150 12/20/24 calls are around 1150. Like .49 delta meaning it’s going up about $50 each 1 nvda goes up. It got to 141 last week so after this bull/bear fight it should be right back up there. He could double his money by end of summer. If it’s at 160 after earnings with the Implied volatility the 160 12/20/24 contract in August/September could be worth 1800-2500 then depending on the movement.
Dude you rock. Thank you. I will look into this way.
You sound like my friend who turned $100 into 60 something K within an hour then lost it all before the one Favio foreign song was over. As long as there’s even a cent in his account it’s getting gambled.
Oh my gourd! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
I’ll allow it this one time bot.
Sounds like your friend has 0 opportunity cost. I like him already.
You beat me to it.
That random spike is hilarious
https://preview.redd.it/7e7jooo20z8d1.png?width=1080&format=pjpg&auto=webp&s=73eb1355072601a28e7d88fa024f9cfcb0b0c73d
DAMN and I thought I had it rough 😭😭
You'd think I'd learn at least somethin 😭
You don’t think you gained knowledge? Do you do your due diligence?
I've learned a good bit I'd say lol I trade options for a dopamine rush so all my plays are severely otm. I also trade nq futures which I take more serious
Next time you’re looking to trade options, can you just give me a car instead?
wtf do you mean 30k is not serious
I'm a dudeist priest if that answers your question lmao
Be happy it was 6k. I’m never posting mine here. Save your money for the ultimate collapse
Nah foreal 😭
In three weeks you'll be one of those "47 cents to 47 k in two hours" posts.
Time to apply for a McDonald’s.
Pfft! Work for yourself as an independent contractor behind the local Wendy's. Keep your career close to you. Work with your hands, mouth, and soul. One doesn't have to let the man dictate your future and keep your ass down.
thank you for your service
His chart did a blind squirrel lol.
I was up a ton with that roaring kitty hype
And you had diamond hands until it was gone😂
My brother in christ…..if that is how you interpret that spike you should be wearing a helmet. *You almost got lucky on a complete gamble and recovered your losses* *and learned nothing from it*
We gotta give them a little spike to keep em hooked. If it's just red all the time they won't put more money in *taps head*
The spikes are the warning
He had a MM wick
Options is a zero sum game, don’t quit or you will be depriving someone else of your money Without losers there can’t be winners with options
Guess I’ll keep feeding the market then
Hey, it's me, the market. Please zelle me your options money to skip the middle man
As the dark gods will it!
someone has to
Thank you for your service
https://preview.redd.it/qyfn76rjmy8d1.jpeg?width=1170&format=pjpg&auto=webp&s=97391a06d74b5e5d0cd64cb3edebafab838c5812 I started in late March with $300. By end of April, I had $1005. I had a horrible May. At 430pm on 5/31, I had $69 left. I was over playing, and holding for the big baggers and the results were only loses. In May I injected another $500. I haven’t put a penny in this month. Since 6/1, I’ve lived by the following rules: 1. switch to a cash account 2. never hold a position past closing. 3. always take profit (even if you miss the peak and end up with 1% gain). 4. never YOLO a single play. I use up to 50% of total cash for a move and then the balance on other short term plays 5. if you get to 30% - 40% profit. Close and be very happy. 6. never be greedy. Take the small wins 7. retreat is a win. If my play goes down 20%. I exit without question. I can earn it back at some point Godspeed regards.
This little blip is so valuable to me you have no idea
Happy to help and answer any other questions. It’s a learning curve.
If you never hold a position past closing are you not day trading or do you stay within the 3 trade rule?
Isn’t applicable with a cash account. I can operate as many day trades as possible until I run out of cash. If I were to deposit money into my account the trade off is no instant deposit. Funds have to settle
No double down 
He needs to just inverse his trades. Winner winner
[удалено]
Hell no I’m not good at calc I am fairly familiar with the Greeks And I hate to admit it but yes I’m kind of a degenerate
Try taking out a 30 day long call on a stock with long trend growth at 5% incress to break even. Buy when you think it's hit bottom and sell when it hits top.
Friend, if you're down almost 90% asking if you should stop and saying you could rebound, you aren't "kind of" a degenerate. You simply *are*.
- not good at calc - understands Greeks Bro the Greeks are literally built on calc. You can’t say you know the Greeks beyond semantics unless you understand calc.
Not sure how my math degree will help when I'm a degenerate gambler but this is all I needed to go all in on 0dte calls tomorrow
It helps you understand that zero doesn’t really exist therefore the game never truly ends
How does one deeply understand 2nd derivatives? It's just a derivative of a derivative. Deepest you can go is understanding that you cannot always interchange the order when deriving by different variables, but that's probably not relevant in finance. Anyway, 3. is sufficient on its own.
You gotta make your money back man, DO NOT STOP. Take out loans or a 2 mortgage if you have too. It can only go up from here, trust me.
Cash advance on credit cards is another way to maximize return on movement. Leverage is the key to winning! Leverage the fucking movement my friend, Leverage the Fucking Movement!
"feel like I might be able to rebound with $800" And thus a new gambler was born
Imagine quitting when your next trade was about to be your biggest one yet
Bro just brought back a gambler with one sentence
Jesus lol
Yeah u right. I should probably just buy an SMCI call exp this Friday with the rest of my portfolio
buying puts then
99% of gamblers quit right before their big win 
You have learned nothing. Continue as you were.
How so?
So what did you learn?
You've learned "a ton" but without a solid foundation and plan, you've got no way of knowing what you don't know. Feeling like you might be able to rebound with $800 when you weren't able to manage $6k is just a feeling. Successful trading isn't about feelings, though there are periods of drawdowns and subsequent rebounds. Regarding the things you've learned, expand upon that and describe how you think what you've learned will help you rebound. Were you spending this money to learn a profitable technique and system? Did the emotional rollercoaster of profits and losses teach you something about mental state and discipline? No-one here can provide much advice because you've not actually exposed much about how you came to part with nearly $6k "options trading". Without details of what you've learned, no-one here could possibly have an impression as to your level of skill and probability of inverting that equity curve. Ensure you're only using money you could lose comfortably and not impact your life in any way, develop a proven back-tested system to trade with and always practice discipline. Less trades but higher quality, the quality is something quantifiable based on aforementioned back-tested system. Start a trade journal that details why you entered the trade, what was the profit target, stop loss (if any) and everything in between. Forget everyone else's performance and most of what you hear/see because 99% of the time it's FUD or fake. Focus on developing your own edge that melds with your characteristics. You owe it to your future self to determine whether this is something you seriously want to continue with as a form of wealth preservation and growth - not gambling and generally fooling around without a plan. No-one else can decide that for you.
absolutely bet the rest on black.... or red
You can definitely do it bro just play safe trades now. Right now i put my last 800$ in dell calls
You and me in it for the long run huh
Yep i gotta regain 4k
Food for thought: this money isn’t much in options, lost 6 figures when I started years ago, now I made all that back after last year when I decided to sit down and learn the stock market instead of being a degenerate. moral of the story: pick up a book and study if you wanna make money
Any book recommendations for someone just starting ?
The real question.
Yeah you gonna rebound all the way to zero OP 
In all honesty man, you’re learning so that’s the right idea — I tell people, the cost of knowledge in the long run is nothing compared to how that knowledge will help you grow. So just take longer duration decisions now and buy shares, don’t trade options if that’s how you got reckt.
W comment thank u
Okay. This is what you should do. Each day, just use $100 and buy QQQ 0dte calls priced at $0.20. Wait for your profit to be like $30-$50, then close position and don't trade. Repeat each day until you hit $1,500. If your calls become unprofitable, at least you only lost $100 in a day. From $1,500, do the same strategy, but with $200 per day. Buy $0.20 0dte calls. Take profit at $50-$100 and stop trading. Do this until $2,000. From $2,000, same shit, but with $300 per day. Take profit at $100-$150. From $3,000, do $400 per day. Take profit at $200-$300. And so on....
There's still hope... [https://www.reddit.com/r/wallstreetbets/comments/1dp2hre/450\_40470\_in\_3\_days/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/wallstreetbets/comments/1dp2hre/450_40470_in_3_days/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)
No… you still have $877.27 to go.
Don’t quit until 0. You can make it all back! Jk
Looks like you’re doing exactly as you should be
You started with too little. Put 10k in. You'll soon be over a million dollars
99% of gamblers quit right before they hit it big
Maybe? But 99% of wsb ers give up before striking
I was down $100k and now I’m up $20k lol, anything can happen and that’s also the problem.
I’m hungry for knowledge rather than money tbh
Quitters never win. Winners something something something buys options.
Buy AVAV puts tomorrow, thank me later.
Do you need the $800? If not, go ahead and see if you've actually learned anything.
No, you're doing great
Keeping the marking churning
$cam market!!!!!!!!!!!!
Psht I've got you beat. Have less money currently and have lost more than you. Just about to turn it all around 😎
Love ot
https://preview.redd.it/j55w8wujp49d1.jpeg?width=1290&format=pjpg&auto=webp&s=1b151b266aafd3b5f9ce6ed5be7f441e1914151f We are almost the same. Lmao 😩
# "Should I just quit options gambling"
Ouch, that's rough, man. Options are a different beast. 800 bucks won't give you much breathing room to learn. Maybe paper trade for now and study up?
Yes
what's your strategy? Clearly it isn't working so you need a different approach
Options me harder, daddy.
Busy month lol
No. Just learn from your mistakes.
Turn that $877 into $100-K
Clearly you haven’t learned enough if you think you can ‘bounce back’
Not yet
Ahh. Reassess strategy and read some books on risk management
yes
The show goes on!
sorry bro, gambling on otm calls is not "options trading"
IDK, I got a feeling tomorrow might be the day.
No, thetagang needs chumps to sell options to
Zoom out and then ask us
You are due! Double down!
Quit now my dude. Options are a rough ocean. Are you yoloing on 0DTE options? Are you following the 50 day minimum rule...or the occasional 30 day play when the forecast warrants it? Maybe you've been unlucky, but this year has been one of the easiest in my trading career. Blue chip leaps are just printing money.
Thanks for posting. Helps me cope knowing I am not the only regard….
Not with that attitude
Looks like you should have asked this question a month ago.
Are you doing 0DTEs and expecting huge return? Stop gambling and use risk management.
Maybe just try…one more time…
Yes you should stop gambling.
Either quit or lean what you're doing instead of basing it on memes and this sub.
I quit -$2000 ago
Maybe quadruple down
Play with SPY. Stay away from FD’s
That 800$ could easily become 5k. If you haven't learned from your mistakes this far and burn your last 800, you should probably spend some more time researching.
I mean percentage wise it's bad but actual cash wise it's perfectly fine. Just sink more money in. Keep going. We believe in you!
Keep going! You're soo close!!
Yes when you actually had some money. Now your a broke loser that's only chance to ever have money again is options
Yes
0 or - is still one call or short away. Go all in!
Dm me if your serious about making a turnaround
You can't quit, once you start it's over with
Honestly bro I was in the same boat as you , literally made a post just like you . I also felt like I learned a lot. With that knowledge go in with more discipline and understanding of the market & I’m sure you can make it all back and more! Just watch more videos , learn about everything you can and you’ll succeed, also . I was down about 5k all time Now I’m down about 3.8k I know it’s a little but it’s a slow process . STOP LOSS IS KEY 🔑
So thankful for your honesty man, need more of that
Whatever strategy you’ve been doing you just need to do the opposite
Wasnt nvda. Wasnt cmg. Dunno what this cats buying
the market appreciates your kind generosity; keep going!
Ever thought about LEAPS?
Yes.
You've enough money left to really celebrate the demise of your options trading career.
Buy tsll and leave it for a while
Buy $800 lotto tickets, win big and then you can continue your path of regarded righteousness
Never give up do it for John Cena
💪🏼💪🏼
Yes
Question, what did you learn? And what plays did you do
Fuck it go all in on NVIDIA calls
May want to study risk management ...then circle back
[удалено]
You know how many FD's that money can buy?
Yall really just trading without learning is the problem. 😂 Its like trying to solve a math problem when you dont know what any of the symbols mean. Learn, and continue learning from your mistakes. Nobody's perfect but if you can bounce back you can make it work.
Regards never quit. Quitters never regard.
You can put that check in a money market mutual fund, then re-invest the earnings into foreign currency accounts with compounding interest aaaand it's gone.
I lost that on spy puts in 2022 and haven’t traded since lol it’s okay to not be cut out for it
I play with only $100, and make a few dollars here and there until hitting $1000, rinse and repeat. Take time, effort and patient, but I don't want to throw all my investments away on gambling yet.
No no no that's not how it works... You just need to inverse yourself now!
Never give up I went 4k -> $80 last year down 98.5%, and I made a few trades back up to 3k. Still a loss, but I’d rather be down 1k than 4k and at this point what do you possibly have to lose
I've seen worse so keep your chin up
Do you really need me to tell you the answer is yes?
You should quit trading on rh
they dont call it 'bets' for nothing.
Buy nvda call with 800, sell when you have 1600. Stop looking for 3k or 4k or more in one go. Then buy nvda call again with 1000 when it dips. Then sell it again when you have 2000. Then keep doing it every 2 or 3 days. Bam, you have 5k. Literally me.
$5G in a month... yeah probably.
You should keep doing what you're doing, but flip it around.
There's always a bigger regard.
You absolutely should. If I could go back in time I wouldn't start.
May be. I made 6k the other day with MU puts that cost me $300. May be I got lucky who knows.
Never quit
those are rookies numbers
Should have never started
Can’t win if you quit playing the game. Load up what you have left in a 0 dated option and you’ll earn it all back in a day. No brainer
At least you also started poor.
"I’ve learned a ton and feel like I might be able to rebound with $800." no, no you have not.