Can this work long term or am I an idiot
I work in real estate and have always been interested in trading on the side, always did a ton of research trying to learn as much as I can but never really had the time during the day to focus on actually trading -- I started with 2.5k back in early March (I know, laughably small account) and slowly began trading options. Over the course of WFH i've managed to grow that to 9k, almost exclusively trading options, I use tastyworks for whatever that's worth.
This gain wasn't on one big home run or anything, it's been fairly steady, I've kind of been pseudo-scalping big name stocks that have seen volatility recently, - I keep a really strict mental stop on each trade. No complex strategy or anything just weekly calls/puts
Wanted to get some opinions from this forum...am I an idiot thinking I can continue to trade profitably over time like this? Has anyone had success doing something similar? Or is this a mix of a weird corona-market and dumb luck?
“Pseudo-scalping” pretty sure that’s just luck. It doesn’t sound like you have a Sound or unique strategy.
congrats on making some quick cash.
is it possible to make lotsof money trading options? sure
is it likely you've found something that will continue? probbaly not
volatility is crazy high now...enjoy it while it lasts...it won't last forever
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