Option trader makes millions in one week
A few years ago inI planned to make millions trading options. I had been searching for a way to invest my money and create multiple streams of income. I began to look for an investment where I would not have to be a day trader nor would I have to wait years to see any substantial gains.
I read everything that I could get my hands on regarding different investing vehicles. I poured my heart and soul into my research and spent many hours reading and studying.
I decided to focus on trading options. With options you can achieve very high returns. With the high rate of return, you also face high risk. All you need is for the market to be moving.
You choose either a Put or Option trader makes millions in one week option based on what you think the market is doing. Options are cheap, relatively speaking.
Very few investments have this type of affordability. I could limit option trader makes millions in one week losses by putting in a stop loss order. You utilize leverage when buying options. Basically, you purchase an option contracts in lots off You use leverage to do so. You sell the option or purchase the option which acts as an insurance policy to the buyer or seller of a stock. You leverage your money to 1.
I searched for a course to teach me about options and settled on one that was well known where I was living. I decided to become a technical trader, which basically a way of trading. A technical trader focuses on formulas and graphs to find the right trade. Basically, you run the numbers and when something falls within your strategy you make the trade.
With my new found knowledge, I set up a workstation, opened an account with a brokerage and began to trade. My first few days I did a couple small trades and made some initial money. Nothing big, a couple hundred at a time, but I was gaining experience and confidence. My trading went up and down but I always making some and losing a little. I kept trading until, one night, I ran the numbers and found a option that looked really good.
Remember, this was during the financial meltdown. The company was Bear Sterns. The same company that went bankrupt during the Wall Street collapse. Option trader makes millions in one week found a put option that I could not believe I was able to get. As fast as I refreshed my computer, I was making money. I did this over the next twenty minutes or so.
I could not take it any longer and cashed out. I was ready to quit my day job. Thankfully, my wife talked me out of it. She said to do it again and if I could then I could quit.
I set out to duplicate my success. I kept at it and began to get more aggressive with my trades. I would throw option trader makes millions in one week money after bad. I made mistakes and got away from the conservative trader that I had set out to be. I decided to cash out and get out of options trading. I will probably get back into option trading some day because it was a lot of fun.
Next time, I will stick to my conservative trading style. Now, does anyone have a good stock tip? I would love to learn to trade like this…and it sounds like you were doing OK…but option trader makes millions in one week pull to push it to the edge and not stay conservative, is it just too hard to resist?
I was lured by the quick win. Notify me of followup comments via e-mail. You can also subscribe without commenting. Reasons For Trading Options 1. Huge returns With options you can achieve very high returns. You can make money when the markets are moving up or down All you need is option trader makes millions in one week the market to be moving.
Options are cheap Options are cheap, relatively speaking. Leverage You utilize leverage when buying options. Getting Started I searched for a course to teach me about options and settled on one that was well known where I was living.
Results My trading went up and down but I always making some and losing a little. Any Insights on the materials you are using and the type of stocks u pick?
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