If we can deal with Clay's shit, we can deal with some options talk.
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I’ll take options talk over penny stocks any day.
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Did you buy with a short time to expiration?
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I'm always slightly impressed with people that can effectively do options trading. I suck at it. I do have WMT stock though and it's done quite well.

Your 62% profit is nothing to sneeze at. Well done.
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3 weeks. I'm too chicken to buy shorter than that.
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Work your system. DO NOT see what would have happened if you operated outside of your system. That leads to undisciplined trading.

At 62%, do your thing man.
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I'm very new at it, so it remains to be seen if I can do it effectively. So far, I'm only doing it with companies I trust (AMD, AAPL, MSFT, WMT, etc), and I'm doing calls about 3 weeks out. I buy dips, figuring that a company like Microsoft will go up sometime in the next 3 weeks, even if it isn't immediately.

So far, I've been at it for about a month and I've made about $900, while only investing about $1,000 at a time. If it does turn out to be an effective strategy, I'll start using more of my money for it.
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I'm still figuring out my system, so I figure more info doesn't hurt. However, if the exact same thing happened again I would still sell at 62%.
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90% of pure options TRADERS lose money.

Most professional options traders are using them as hedges for their portfolio or an individual stock
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That's why I just stick with buying and selling the stock. I only lose 70-80% of the time.
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Hopefully I’m in the 10%.
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Do you do covered calls? You can get blindsided in a hurry unless you're constantly watching your trades.
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Not fully covered, I don’t own 100 shares of each, but I do own some. However, I am constantly watching.
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I think the odds are in your favor.
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So , is this a good strategy???

Find mutual funds that have a really good return over the last 1 year/ 3 year period.

Pull up their portfolio and look at their top holdings

Invest in their top three since they are driving the return they're getting.

For example : ARKW which is actually an ETF is 62% 1 year and 41% 3 years

Their top 3 holdings are TSLA, SQ, ROKU

All have blown away the market over the last year.

Thoughts?
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