Options trading for moneymaxing

[W0KESTMOTHF]

Thinking about doing options trading tbh , is it worth it ?

 

[W0KESTMOTHF]

Thank you all for coming

 

[Gosick]

@TheMewingBBC is pretty experienced in regards to options trading.

Im personally -1500 during my tenure with options trading so Im taking a break with it.

My brother on the hand started 1 month ago and he went from 500 to $5000 in like 1 month.

He told me that he deposits half of of his profits from his trades to his bank account so he doesnt risk losing it all or something

 

[W0KESTMOTHF]

@TheMewingBBC is pretty experienced in regards to options trading.

Im personally -1500 during my tenure with options trading so Im taking a break with it.

My brother on the hand started 1 month ago and he went from 500 to $5000 in like 1 month.

He told me that he deposits half of of his profits from his trades to his bank account so he doesnt risk losing it all or something

High risk high reward tbh , imo it's the best method of making money online rn

 

[Gosick]

High risk high reward tbh , imo it's the best method of making money online rn

Yea true. But most people that go by that code usually end up losing everything. On the otherhand ppl that have proper risk managment are the ones that usually profit more often albeit less then the outliers that yolo their portfolio and get lucky.

My dad made 50,000 USD on TSLA puts on thursday on his first trade ever but he probably lost abit the next 2 days that followed since TSLA skyrocketed. I told him to deposit half of his earnings to his account so he doesnt lose it but he probably didnt listen.

 

[Deleted member 5574]

Which country bro ?

 

[W0KESTMOTHF]

Which country bro ?

East eu

 

[Deleted member 5574]

I was going to recommend a broker but i'm English. Anyway trading is legit ,do you know anything about trading ?

 

[Lev Peshkov]

Over if your not selling incels data to the Fbi in 2020

 

[W0KESTMOTHF]

I was going to recommend a broker but i'm English. Anyway trading is legit ,do you know anything about trading ?

Not much, I'm just getting started , maybe you could give me some tips?

 

[W0KESTMOTHF]

Over if your not selling incels data to the Fbi in 2020

Indeed

 

[Deleted member 5574]

Lool every bodies a target ,some just see the x on their forehead .Anyway forex trading


-Even if you dont read the whole thing get a demo account now download it is free METATRADER 5

-BROKER the middle man who connects you to the market leverage will differ with certain brokers (metatarader 5 is the best trading platform )

-LOT SIZE 1000=0.01 (smallest size trade you can enter ) 0.01 =1 PENNY 0.10 =10PENCE 1 LOT = £1

-PIPS are the measurement for price movement example cad/jpy 78.800 rose to 78.900 10 pips

-STOP LOSS/TAKE PROFIT always use a stop loss like climbing a cliff with no safety rope

-volatility certain currency pairs move like 100 pips in a day aka gbp pairs gbp/usd gbp/jpy good for scalp traders along with hour time frame . Gold moves like crazy so super risky ."quick "money but risky

-LEVERAGE like 1:30 but you can get 1:400 dictates how large your lot aka trade size can be so if you have £100 1:30 0.03 max 1:400 0.40 max

-RISK 2-3% of the whole account on one trade is seen as the standard ,but high risk high reward .If you don't feel comfortable risking 10% you probably placed a shit trade

-EMOTIONS Get scared you loss money ,get worried you loss money ,get happy and overconfident you loss money .Be indifferent with wins and losses

ACCOUNT BALANCE (£100)
trade postion x movement = gain or loss
BUY 0.01 x gbp/usd 26.400 -26.950 = +£5.50
45pips
=£105.50


-time frames higher time frames more reliable price movement pattern and support level ideally 4hr and daily for solid support levels
that being said faster moving pairs like gbp pairs are btter with 1hr timeframes even 15 mins

-SUPPLY /DEMAND AKA SUPPORT AND RESISTANCE ,its the foundation of trading .of the market through this you find key support level were price revolves and finds new levels by testing the current price and its perceived value
at these points are the ONLY area you should be placing trades.


-chart analyse don't place trades just by chance ,looks for triangles,flag Patterson ,consolidation of buyers and sellers in the market looking to push the price down or up .after the support levels have been identified TRADING VIEW

Compound that shit bro MONEY MAKES MORE MONEY .Dont give up . follow traders on ig like the forexscalper,switztarder sponge of their knowledge

forex turns money into more money with minimal risk don't get pissed and rage quite if you loss money,Learn to be better
-A+ grade trade set ups only
-Big trades postions
-patience

ps. sorry, my grammar is likely terrible,

 

[W0KESTMOTHF]

Lool every bodies a target ,some just see the x on their forehead .Anyway forex trading


-Even if you dont read the whole thing get a demo account now download it is free METATRADER 5

-BROKER the middle man who connects you to the market leverage will differ with certain brokers (metatarader 5 is the best trading platform )

-LOT SIZE 1000=0.01 (smallest size trade you can enter ) 0.01 =1 PENNY 0.10 =10PENCE 1 LOT = £1

-PIPS are the measurement for price movement example cad/jpy 78.800 rose to 78.900 10 pips

-STOP LOSS/TAKE PROFIT always use a stop loss like climbing a cliff with no safety rope

-volatility certain currency pairs move like 100 pips in a day aka gbp pairs gbp/usd gbp/jpy good for scalp traders along with hour time frame . Gold moves like crazy so super risky ."quick "money but risky

-LEVERAGE like 1:30 but you can get 1:400 dictates how large your lot aka trade size can be so if you have £100 1:30 0.03 max 1:400 0.40 max

-RISK 2-3% of the whole account on one trade is seen as the standard ,but high risk high reward .If you don't feel comfortable risking 10% you probably placed a shit trade

-EMOTIONS Get scared you loss money ,get worried you loss money ,get happy and overconfident you loss money .Be indifferent with wins and losses

ACCOUNT BALANCE (£100)
trade postion x movement = gain or loss
BUY 0.01 x gbp/usd 26.400 -26.950 = +£5.50
45pips
=£105.50


-time frames higher time frames more reliable price movement pattern and support level ideally 4hr and daily for solid support levels
that being said faster moving pairs like gbp pairs are btter with 1hr timeframes even 15 mins

-SUPPLY /DEMAND AKA SUPPORT AND RESISTANCE ,its the foundation of trading .of the market through this you find key support level were price revolves and finds new levels by testing the current price and its perceived value
at these points are the ONLY area you should be placing trades.


-chart analyse don't place trades just by chance ,looks for triangles,flag Patterson ,consolidation of buyers and sellers in the market looking to push the price down or up .after the support levels have been identified TRADING VIEW

Compound that shit bro MONEY MAKES MORE MONEY .Dont give up . follow traders on ig like the forexscalper,switztarder sponge of their knowledge

forex turns money into more money with minimal risk don't get pissed and rage quite if you loss money,Learn to be better
-A+ grade trade set ups only
-Big trades postions
-patience

ps. sorry, my grammar is likely terrible,

thanks

 

[TheMewingBBC]

Don’t touch it. DO TOUCH IT unless you learn the elements and use a paper trading account for ATLEAST three months first for practice. Jumping right in without understanding it is retarded. I learned as much as I can and practiced way longer and profited 50,000k on it this year, but tbh certain circumstances occurred which I’m sure your fully aware of that rowed me to that level of success (cough cough... covid) I had more losing trades just buying option than the winning, luckily the profits greatly outnumbered the losses.

It’s glorified gambling, the only thing that could serve as a sufficient income from option is with spreads and selling options, and those require a more extensive understanding of the market and a vast knowledge of different spreads and adverse risk strategies. It requires a good amount of capital upfront and confirmed experience, most platform won’t grant you the ability to sell options without experience selling option spreads, which you probably have none.

Trading as a whole requires a disciplined psychology. If you don’t have that, stay far away from active trading. There are so many ways to make money online, options trading isn’t the best option lol, it’s not even the best option when it comes to overall trading skills and making profits consistently (unless if we’re talking about selling options but again you don’t have the experience) There is affiliate marketing, there is e-commerce (and no it’s not saturated, only a moronic newb thinks e-commerce is saturated when there are literally six figure companies being made everyday and the online shopping population is increasing by the second) there is buying and reselling like sneakers or cards, there are atm investing, ubering, Turo and Instacart

 

[W0KESTMOTHF]

Don’t touch it. DO TOUCH IT unless you learn the elements and use a paper trading account for ATLEAST three months first for practice. Jumping right in without understanding it is retarded. I learned as much as I can and practiced way longer and profited 50,000k on it this year, but tbh certain circumstances occurred which I’m sure your fully aware of that rowed me to that level of success (cough cough... covid) I had more losing trades just buying option than the winning, luckily the profits greatly outnumbered the losses.

It’s glorified gambling, the only thing that could serve as a sufficient income from option is with spreads and selling options, and those require a more extensive understanding of the market and a vast knowledge of different spreads and adverse risk strategies. It requires a good amount of capital upfront and confirmed experience, most platform won’t grant you the ability to sell options without experience selling option spreads, which you probably have none.

Trading as a whole requires a disciplined psychology. If you don’t have that, stay far away from active trading. There are so many ways to make money online, options trading isn’t the best option lol, it’s not even the best option when it comes to overall trading skills and making profits consistently (unless if we’re talking about selling options but again you don’t have the experience) There is affiliate marketing, there is e-commerce (and no it’s not saturated, only a moronic newb thinks e-commerce is saturated when there are literally six figure companies being made everyday and the online shopping population is increasing by the second) there is buying and reselling like sneakers or cards, there are atm investing, ubering, Turo and Instacart

thanks bro, i'm thinking about starting dropshipping then

 

[TheMewingBBC]

thanks bro, i'm thinking about starting dropshipping then

Also look into print on demand. If you need some torrented courses hit me up