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PostsIt is recommended to have a certain amount of capital. On the path of learning options, one can start to try RR, spreads, and LEAPS calls, gradually reducing the use of weekly options, and using options to replace buying stocks. In fact, many retail investors play short-term options partly because their capital base is just that small, forcing them to choose options with one month or even two weeks to expiration. The experience of someone who has been through it.
Commemorating the first 1 million in my life
As mentioned in a previous post, I lost 200,000 in one night by playing Tesla's weekly options, and I held onto Xiaomi, resulting in a loss of 280,000. Over two years, I continuously transferred a principal of 700,000, with the peak loss reaching 600,000 and a maximum drawdown of 85%. Now, on June 18th, after a year and a half, the total profit and loss in the account is 1.3 million. The biggest risk-taking turning point, from loss to profit, was on April 29th this year with Tesla. I opened a long position, took profit, went short, then switched back to long, took profit again, and went short again. Subsequently, I went all-in long in the final session and cleared all positions around May 12th...
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