![]() I had bought weekly puts at market open.) I WAS BACK! When I made money, I would be smart with it!Īfter a few failed trades, I managed to turn the $1,500.00 that remained of my $2,000.00 into $12,500.00. I was very careful in the beginning: I swore to myself that I would NOT make the same mistake I made last time. My $10,000.00, however, went down 100%.ģ weeks later, I put $2000.00 into my Scottrade account and started back up into my options trading madness. ![]() ![]() Why double $1,000.00 when I can double $10,000.00? Well, CSCO stock didn't go down the 10% I had predicted after earnings. I thought I was invincible, and decided to put a huge bet on CSCO earnings. You know how careful you usually are with that first $500.00 you start trading with? Well for some reason, the more money you have, the more careless you become (in my case, at least). Everyone uses NFLX, right? Their earnings are tomorrow.Let's put that $500.00 in your Scottrade account into some $370.00 NFLX calls. I learned what seemed like everything I needed to know, and I felt I was ready to start trading options. I was intrigued by the possibility of making 100%+ gains in a matter of days, or even minutes. Not only was I graduated and working a full-time job, but I also had recently learned about: Content with my summer trading, I decided to take a break from the stock market until I graduated college in December.įast forward to January 2014. After three months of experimenting, my account was right back where I started, give or take a few bucks. I opened a Scottrade account, deposited $500.00, and started making trades every few days. Last summer I decided to learn about the stock market. 1.) To help people avoid the same mistakes I made
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