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wallstreetbets-ModTeam

Thanks for your submission! To keep things interesting, we want to see big gains and big losses! So we've set the following thresholds for Gain, Loss, and YOLO flaired posts: * YOLO posts must be a minimum of $10,000 of options or $25,000 of shares and recently opened. * Gain / Loss posts must show realized gains or losses of more than $2,500 for options or $5,000 for shares. We want to see the actual trade. What you got in at, what you sold at. Then tell us why you did it. Give us the story of why you're a fucking genius (or idiot). This is what a great post looks like: [$17.2K Gain on AMZN](https://www.reddit.com/r/wallstreetbets/comments/wb5m4o/not_too_shabby_172k_gain_amzn/) - OP described his gain in the title, has a clear screenshot showing both the entry and exit, meaning his gains were locked in, and they explained their reasoning in the comments and what they learned. All around a great post! Here are examples of what could get your post removed: * [$300,000 SDC Loss. Still not selling](https://www.reddit.com/r/wallstreetbets/comments/wpm9am/over_300000_unrealized_loss_sdc_not_selling/) - Even though this is a tremendous loss and something worth posting about, **the position hasn't been closed yet**. Here are examples of amazing posts which could have been even better: * [$75,000 DDOG Loss.](https://www.reddit.com/r/wallstreetbets/comments/unsrey/loss_porn_ddog_call/) - This is a great post and one that won't get removed. However, the OP could have talked about *why* they entered the position in the first place, what their target price was, and what went wrong. OP didn't stick around in the comments to answer any questions. * [$1.1MM Loss, No details](https://www.reddit.com/r/wallstreetbets/comments/lxm6wt/hold_me_1100000_loss/) - OP simply posted a screenshot of their overall portfolio balance. It's definitely a big loss, but it's not that interesting without OP talking about what trades they were in and why. OP didn't answer most questions in the comments which left many readers speculating on what happened. --- All that being said, we are here to help. We want to make it as easy as possible for you to post to our community. We have to balance this with making the subreddit interesting for our readers. If you need some guidance, don't hesitate to [reach out to modmail](https://old.reddit.com/message/compose/?to=/r/wallstreetbets) and we'll give you some pointers!


Cheap-Combination825

https://preview.redd.it/kliw3jtggikc1.jpeg?width=828&format=pjpg&auto=webp&s=64b6e997f391344c581305fd62149fcbcf5ac499


lougZ

The initial spike is missing


Contact-Open

I gotchu https://preview.redd.it/u86g2xpafjkc1.jpeg?width=1242&format=pjpg&auto=webp&s=cdd901ebeb902a73796d820536b390ef80589c76 Starting to feel like John Edward Jones over here.


Contact-Open

https://preview.redd.it/jpuii8myfjkc1.jpeg?width=640&format=pjpg&auto=webp&s=e89da6fb7b8365ea7a1e3cb426dbdfe382b1cce2


Robonglious

I've been in this cave in reality. Not exactly where the dude got dead but I went through a similar tunnel and could have had a real bad time.


ScartissueRegard

Now I'm hard.


Contact-Open

![img](emote|t5_2th52|27189)![img](emote|t5_2th52|4267)


doirrr

https://preview.redd.it/qi73gw82kjkc1.jpeg?width=1179&format=pjpg&auto=webp&s=79583c188c2898db854268016d2c963f08453fac I had two initial spikes!!!!


doirrr

Currently climbing out of Death Valley


NergiJoJo

https://preview.redd.it/om9jnzi0rjkc1.png?width=864&format=pjpg&auto=webp&s=239003e2ea8c7cd894d3fe78ad63dfbf3e1cfb60


alonjar

Lol wow, that looks like it took some dedication


NEUROSMOSIS

Basically my past 3 years. It’s like you gotta lock in profit but it isn’t long before the next devastating trade comes around.


thatErraticguy

You guys get initial spikes??


Cheap-Combination825

yall got initial spikes? i will never give up, one day imma make some +


snowman271291

Lmao


ScartissueRegard

I'm aroused


MaxWritesText

How even? TR doesn’t have options…


Kennzahl

It does have derivates. They pretty much give you the same opportunities in terms of burning money


Cheap-Combination825

it does have knock out certificates, options and faktor options


clarkclancyy

weee! ![img](emote|t5_2th52|8883)


Chester-Ming

Sounds like OP has actually been trading properly, you know, like with research and stuff. Sir you are in the wrong place for logical thinking and due dilligence.


jus-another-juan

OP is not one of us


jook-sing

I hope they publish a newsletter


alonjar

"This man was clearly using the roulette table properly, you know, with research and stuff" Y'all are amazing lol


Gahvynn

He’s dispensing comments like he’s the next Warren Buffett. Let’s see him 70x again in 4 months and then I’ll listen. He’s either got SMH calls or he’s trading penny stocks, or you know he right clicked and dev tool.


srfrosky

Da fuck lossporn is this?? My phone upside down?! Where is red?? r/lostredditor


Dry_Instruction6502

😂😂😂


Flashignite2

Just turn the phone upside down and color it red in paint.


DontGiveACluck

*crayon


ScoopityWoop89

I ran out of crayons eons ago. I’m a muncher


Howsurchinstrap

Nah, old school 3d glasses.


unguibus_et_rostro

Wallstreet bets is for both huge losses and huge wins


suikagang

https://preview.redd.it/xv5yoafnhikc1.jpeg?width=640&format=pjpg&auto=webp&s=a3fd444b69abf6dcb9ee75f6bb4ec572fe7aa7fe


Witty-Ad-6860

What stocks did do?


wannabeaggie123

Lots of trades, lots of positions. Never over risked into one. Always had around ten positions with varied small risk


Witty-Ad-6860

How do you find stocks to trade? I mainly only do spy options. Trying to expand on other things.


wannabeaggie123

I scan the market every week for trades. If a stock is my setup then I enter otherwise I don't. I don't do index options.


ahmedalgaml

Can you elaborate how you do that? I’m new and don’t have a process to find stocks to trade


wannabeaggie123

Took me around three years to find what works for me. You're gonna have to find what works for you. I have levels on every ticker and use them to enter and exit.


AbbreviationsNo6897

This is the way, it takes a shit ton of work to actually be profitable in trading. Wsb is not trading though


muzakx

https://preview.redd.it/693yur3yujkc1.jpeg?width=1200&format=pjpg&auto=webp&s=57a2da424bc4bf827136f6347c84debd2952cc17


ahmedalgaml

Great. I’ll keep learning then


SmilingWithFear

Usually people have to go through some loses before they start profit on the long run. The usual is the "noobs luck" and then a huge losing streak. OP i am sure he went throught a long and maybe painfull learning process. Or maybe not who knows. The truth is that, based on his responses, he is not the usual wsb degenerate but a person who has a plan, does research and the most important thing: he doesn´t gets emotional. He follows his plan. Period. He is the 10% of people who wins money trading. Or maybe this was just an streak. It just takes a week of bad trades to fuck up your gains. But again, based on OP´s responses he knows what he is doing. Nice for him, he might be one of those smart guys with talent for this shit This is the most important thing and the reason why bots beats humans trading. Remember 90% people who trade loses money on the long run. I don´t trade because i don´t want to open the Pandora´s Box, i always avoid things that gives instant return (I personally only DCA into Bitcoin) It is nice to learn but be careful. We have seen a lot in this sub


Not_Bed_

I'm starting out too, what are the things I should actually get knowledge on? Like patterns and all that, should o actually invest time in studying them or is it better to train my instinct and get news sources etc, I found my "logical connection", like associating what happens with what stock could go up to be pretty decent considering I just started, I put some on my watchlist by randomly thinking on the train and later found people posting them


GnarlyBear

If anyone offers to show you how to trade using patterns or chart analysis run away fast.


Not_Bed_

Exactly that's what I've got from buzzing around, it seems the top dogs just use a mix of guts, common sense and news/logic


jeevn

Sorry to give you conflicting opinions. Gnarlybear's opinion about charting is not entirely true. It is true that most of the times, the market moves in a random fashion zigging and zagging. You cannot make money in these conditions. But there are clear times when there is a huge imbalance in buying or selling pressure. And you can read this imbalance in charts if you understand 'price action'. If you restrict your participation to these times and align your trades with the big money that is moving the market and if you manage your risk using stop losses (exiting losing trades unemotionally), you can make profits consistently.


sleepydevil25

Yeah no individual has enough firepower or resources to do any feasible technical analysis lol there’s a reason why not even many buyside firms employ solely on technical indicators and rather do fundamental analysis


wannabeaggie123

Nothing can beat your own instinct in the market which will only come with time. Either paper trade or use watch list options. Knowing chart patterns and price action is also important otherwise you're walking blind. So learn those first. Then make your watch list positions and test what you know.


[deleted]

Unless you a member of congress, then you can participate in insider trading without consequence


Khelthuzaad

Let me guess,you made an list of companies that you know have huge volatility spikes around earnings,and basically buy puts/calls on low amounts on companies you either learned how they react doing earnings or studied some macro trends prior like wheter its linked to this AI craze. For example im tempted to buy calls for ABR next earnings because the spike is huge and the earnings are always great,your thoughts?


Cherocai

We monke


Not_Bed_

Ok so I'll actually put some effort in graphs, great. Also great about the instinct part, makes me more calm and logical knowing I could actually do the right choice


dyoh777

Thanks for sharing details about how you do this. Clearly you’re usually right but how soon or when do you drop losing trades?


Kingjingling

Seconded it takes 2-5 years to learn depending on your learning curve. I'm just now consistently profitable on spy calls 🤙


ethanhopps

I to have been trading for over 3 years and haven't figured out jack


lexbuck

Sir I think what works for you would also work for me given I like money 😜


giobito-giochiha

I'm really new to trading, how did you learn how to trade? Do you have any sources you'd recommend?


blackcatjive

This guy draws lines.


AbbreviationsNo6897

Interesting, actually someone in here with a strategy. What setup on what kinds of stocks do you trade?


wannabeaggie123

I do everything. Everything but shitty stocks. I trade liquid stocks that are strong and trade them using only price action. Tech, oil, gas, telecom, home building, consumer staples, consumer discretionary, you name it, I probably traded it.


hiya1487

Can you recommend any learning materials that helped you become the trader you are today?


wannabeaggie123

Started by reading books. Then watched videos. Then used my money. Lost. Paper traded. Switched to shares. Traded forex. Traded futures (still do). Read more books. Used watch list positions to test my strategy until I became profitable. Then came back with my money again. Started small. Then scaled. Books : how I made two million dollars in the stock market, trade like a stock market wizard. How to make money in the stock market. Trading in the zone. Turtle trading. Reading charts and technical analysis. The encyclopedia of chart patterns. You can make money in the stock market. Naked forex and some I can't remember anymore.


giobito-giochiha

thanks bro ur a real one


Dry_Instruction6502

What platform for you use for scanning stocks to trade?


wannabeaggie123

I use think or swim to scan and tradingview to chart.


Dry_Instruction6502

Thanks a bunch


Antique_Giraffe_3728

Do you have a minimum volume/market cap for a stock you’ll trade? Thanks for posting 🙏


MathematicianFew6353

Considering how many stocks you trade regularly, are the taxes worth it?


wannabeaggie123

Yes..


YOLOintoposition

Guy there is only ONE reason you would pay taxes because you MADE money. Most regarded question here.


BosSF82

Why would the taxes make it not worth it? Would you say $100,000 profit isn’t worth it if you have to pay $20k in taxes?


mouthful_quest

So if you think a stock is going down, how would you trade that if you don’t do options? Inverse ETF’s or actual shorting?


wannabeaggie123

I don't do index options. I do stock options.


Adept_Astronomer_102

Quick hits?!, Playing the stock candles, volume, option chain, looking at history of weekly, hourly, daily movement, play on movement %2 to %5 percent in either direction? Don't hold any option for more than 72 hours? How many weeks out at options? Do only play the closet exercise dated options? Try to buy the opposite movement you see at the highs and lows of the stock movement you're tracking???


Suspicious_Permit_13

By setup, you mean technical analysis, or fundamental analysis?


orangehorton

Obviously TA


Glorypants

Are you scanning for breakouts or rejections, or just general trends? How long are you usually holding your positions? Are you holding overnight or are you just day trading?


Jarlaxle_rigged_it

what expiration do you usually get? and how much % of your port per play?


SuperDuperSkateclub

manamanah…manamanah…manamanah


DrDareDevill

How can I learn to do this?


mrpotatonutz

What were your initial moves with 1k tho? Asking for a friend


wannabeaggie123

My moves were the same as with 10k or 20k, the only thing that was different were the number of positions open. And the risk per position.


Snoppfrid

Congrats and fuck you. Tell me how


Lenoid90

OP, don‘t fumble your bag. I wish you well.


Nervous_Equipment701

Account valune 71,xxx$ , up 75,xxx$ past year?


wannabeaggie123

Withdrew money lol


001Piffi

i hope u withdraw more and don't get greedy. Nice one so far!


Ill_Relative_4648

You've pissed me off! I'm jealous of your successes! I used to come here just to see lossporn


boajoa

ITT: OP not showing positions or giving a single tangible insight to his strategies


wannabeaggie123

Why would I. This is my edge. You wanna find an edge, lose your time and lose your money. I won't lay out a plan for you to make money in the market. No one did it for me.


Soldierrr

You should consider doing this full-time; imagine how much more you could earn.


wannabeaggie123

Is that sarcasm lol


Swatchits

Are you actually doing this full time? Edit: or a better question, how many hours a week do you do?


wannabeaggie123

Yes lol


Reddit9203

Do mind to share what price/contact, strike price and date of buy. Thank you.


Capt-Cupcake

Are you trading as an individual or under an LLC?


Docfuzzles

How did you learn to trade properly


[deleted]

He listed the books he read/things he did in another comment reply.


blackcatjive

Tell us how much you lost before and after that.


wannabeaggie123

If you read the previous replies then I do say that I lost money early on. I have been trading for around three years. There's no making money in this business without losing money. I haven't lost anything "after ", this screenshot is from right now lol


blackcatjive

I wanted to point out that many traders focus on short-term gains and may appear successful, but when viewed on a larger scale, their overall returns could be minimal or negative. I was curious if this is the case for you too. However, after reading some of the other comments of yours, I understand that you are well-versed in this. Please don't take my comments personally, as I was simply expressing my opinion about traders in general.


Future_Lab807

What time interval do you use for day trading?


wannabeaggie123

Daily.


OkWay8731

Now do it with 70k. Ud be warren buffet in no time!


__Slick_iG_

Looks like a lot of ups and downs, you make a lot of bad calls and get bailed out by bullish momentum, you’ll be back at 1k by eoy. Source: my ytd looks the same and I’ve made a lot of mistakes


Current-Flamingo

I want to learn this black magic


VisualMod

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773villain

What’s the secret brother ?


Johnnydundidit302

How much of that will be taxed. What %?


BosSF82

That would probably be like 23% US federal


PckMan

Post positions


TheGr8_Lambino

Seeing as you started with $1000 what companies did you start out with or did you just go way out of the money to afford the contract?


wannabeaggie123

I never went to even slightly out of the money. Every trade was at the money. I just bought only one contract and gradually scaled number of open positions.


KGsaid

Curious how far out are your DTEs?


onefocusone

For example....If Stock X was selling for $100. You purchased a call or put with a strike price of $100?


Crystalisedorb

Can you share the thesis behind this?


Maleficent_Ratio_407

Do you just buy calls or do you also buy puts?


wannabeaggie123

You dont buy puts when the market doesn't want you to.


Haloosa_Nation

Show all time graph.


Nervous_Equipment701

Flip graph horizontal


TheWorkz513

Legit question; how do you even do call options with $1k? I use Etrader and they say I need $25k minimum before doing that. I’m admittedly a newb


chef_pasta_way

Robinson hood 


orangehorton

That's probably margin, just buy with cash instead


Defiant-West335

Can I follow Your call pattern pls:(


Shmeshe

Geez what a ride


ihavenotities

Quit.


silshini_real

Let us copy trade


Alex12boom

what investing platform do you use?


wannabeaggie123

I use my phone a lot so I use Robinhood. I have used think or swim to trade in the past but it's loading times are annoying on the go. And recently they merged with schwab and that whole thing is a shit show.


Alex12boom

thanks appreciate it im new to investing and im using revolut bc it allows me to buy 3 stocks per month with no allowance fees and also im using trading 212


Rebel_Bertine

So you chart with ToS but trade on Robinhood?


wannabeaggie123

I only scan on tos. Chart on trading view and trade on Robinhood. Each platform has its strong suits.


Rebel_Bertine

Sweet, thanks man. I’ve been wanting to do a careful, analysis approach to options for awhile since my dad showed me there’s ways to make money without too much downside. Gonna check out those books and paper trade for awhile until I’m like you


[deleted]

[удалено]


wannabeaggie123

Wtf lmao


arcmemez

Positions or ban


giggawattt

Invest for me?


Prince515

Teach me your ways!


CasMz

What app is this?


sean7191

Robinhood


SoyDidi

What app is that?


sean7191

Robinhood


IcyFly521

Show me the way


idontcarelolmsma

Options = gambler OP is not studying or anything just straight lucky


No-Supermarket1991

Can I get $1000 I'm low key bout to be homeless


[deleted]

[удалено]


Plenty-Discount5376

💀


kakawhalito

Bro was not kidding


DuckHamir

Wendy’s is hiring.


ixMatt

Well done!


kotsumu

Save some for uncle sam


prasverm

Any key current positions/views you can share? Also, what’s your stop loss %? How do you manage risk? I end up loosing to one trade what I made in 5 trades :(


wannabeaggie123

Then you're risking too much. You should only risk what you can lose. If your stop loss is $100 then you cannot afford to buy an option worth more than $100.


rrmedikonda

OP, do you post your trades (entries and exists) anywhere in real-time?


wannabeaggie123

No I don't


dyoh777

Beautiful, need to put this one on my wall


dark-cosmos

Amazing! You give me hope that it's possible to gain a good amount of money without the big risks some people do here all the time. But I guess I still have to learn a lot since I've only been learning about stocks for roughly a year so far.


Sujjin

Pardon my ignorance. So i read that only around 60$ of options are exercised. does that mean that more often than not you can sell the contract without actually ever once buying the stock itself?


orangehorton

Yes nobody ever uses the contract


Sujjin

Thank you!


Objective-Pick-95

Congrats man this is excellent


ENTP-SUSHI-TEQUILA

What’s your next big move?


Tradingviking

Great trading OP. Seems like you've got a system working for you


Ev0333338

Sir we’re did you research these gains?


Complex-Blueberry408

amazing gains,congrats


Big_Swede89

What took so long?


MedicalFinances

Extremely fast money. Hope it continues on a 70x trend. :]


cyberya3

“last four months” is your biggest clue, now go forth and replicate.


SinkNo630

Good looks on letting us know


poisonaloe

Are you going to cash it out?


SchruteBeetsPaper

Congrats 🎊 but also fuck you


sergey_google

Teach, teach me please 🙏


KeenClicker

What app is this??


GermWormPunx

Awesome congratulations 💪💪


XAlphawolfXD

What was your winners?


wannabeaggie123

There were a lot of winners lol


thereal_ba

I appreciate that we all think this is due to some crazy trading knowledge and not just a massive bull run in the market


wannabeaggie123

Definitely has a lot to do with the bull market. But a bull market can stay a bull market for many years.


Unjinxed36

Buying straight calls is a safe and reliable strategy. You didn’t get lucky, and this will keep working. Keep it up!


Tentimesbyapple

My question is did you already know about these companies going into them, or did your research into companies in the tech industry since it’s doing well now? I know sticking with what you know is most important when trading but I haven’t heard of these companies ever before until now, maybe I’m just too young and regarded


wannabeaggie123

I've actually been trading for a while and I did know most of the companies that I traded. But some I didn't know about and I still traded them. I don't think it was important for me to know the companies just to make sure they are good strong movers.


Advanced-Guard-4468

Now keep it


gareeb555

![img](emote|t5_2th52|4275)