CC09LawAg said:infinity ag said:
Another week begins.
I aim to make $100 in my little option trade this week. A healthy improvement from $37 last week.
At some point, I want to get to a point where I can reliably make about $5k a week. My friend does that, he backs it up with a good amount of cash.
I used to have this same fantasy and quickly lost a ton of money with delusions of grandeur.
I would tread very carefully. As in, you should maybe do this for 5 to 10 years before you make that your weekly target.
agree with LawAg...
and I would say at least wait 5-10 months...or at minimum, continue to play small through the first major drawdown the market has...which I believe should be somewhere inside my window...that major drawdown will really tell you about the amount of risk you should be putting on for short put plays...
