My mom made money pretending to buy stocks

[Anonymous]

What's funny is OP is getting defensive on an anonymous replies!

[Anonymous]

Selling puts and Selling Calls are low risk and yield high gains when done correctly. Yes, they are not ZERO risk. OP doing well.

[Anonymous]

You seem very young, OP. You'll crash and burn, or get tired of those little games when other activities impinge on your life (spouse, kids, job). And then you'll understand that you should have bought early and just let the money pile up while you were busy doing other things. Your bizarre obsession about "making money while not owning stock" is not sustainable in the long term, and so far you've made piddling money. Again, you seem very inexperienced.

[Anonymous]

Anonymous wrote:You seem very young, OP. You'll crash and burn, or get tired of those little games when other activities impinge on your life (spouse, kids, job). And then you'll understand that you should have bought early and just let the money pile up while you were busy doing other things. Your bizarre obsession about "making money while not owning stock" is not sustainable in the long term, and so far you've made piddling money. Again, you seem very inexperienced.

He made 30% in one year with consistent weekly profits. How much did you make in the last 12 months, percentage wise?

[Anonymous]

Anonymous wrote:

Anonymous wrote:You seem very young, OP. You'll crash and burn, or get tired of those little games when other activities impinge on your life (spouse, kids, job). And then you'll understand that you should have bought early and just let the money pile up while you were busy doing other things. Your bizarre obsession about "making money while not owning stock" is not sustainable in the long term, and so far you've made piddling money. Again, you seem very inexperienced.

He made 30% in one year with consistent weekly profits. How much did you make in the last 12 months, percentage wise?

Sockpuppeting? Why does this need to be a dick measuring contest?

[Anonymous]

Is this OP the same as the working 2 jobs simultaneously poster? Same tedious writing style, same “get rich quick” mentality.

[Anonymous]

It’s “pooh-pooh,” not “poo-poo,” people!

[Anonymous]

OP stop doing this with your mother’s money!! For goodness sake! Use your own money, use fake money, use your young, dumb, able-bodied friends’ money. Get your hands OUT of your mother’s retirement account!!

[Anonymous]

I ain’t reading all that. I’m happy for you. Or sorry that happened.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You seem very young, OP. You'll crash and burn, or get tired of those little games when other activities impinge on your life (spouse, kids, job). And then you'll understand that you should have bought early and just let the money pile up while you were busy doing other things. Your bizarre obsession about "making money while not owning stock" is not sustainable in the long term, and so far you've made piddling money. Again, you seem very inexperienced.

He made 30% in one year with consistent weekly profits. How much did you make in the last 12 months, percentage wise?

Sockpuppeting? Why does this need to be a dick measuring contest?

I actually understated the TSLA decline it was more like -35% since last April although I didnt trade anything on it until it was already on the way down. down= good for those who have no clue what PUTS are

[Anonymous]

Anonymous wrote:Selling puts and Selling Calls are low risk and yield high gains when done correctly. Yes, they are not ZERO risk. OP doing well.

What is long tail risk? Seems poor risk management — if you sell a call, then the price rises you lose all upside as buyer captures stock appreciation — and if it drops you still lose almost everything except the premium — and if a stock starts dropping you can’t sell until option expires in case they do decide to exercise call (unlikely I guess).

[Anonymous]

Anonymous wrote:You seem very young, OP. You'll crash and burn, or get tired of those little games when other activities impinge on your life (spouse, kids, job). And then you'll understand that you should have bought early and just let the money pile up while you were busy doing other things. Your bizarre obsession about "making money while not owning stock" is [b]not sustainable in the long term, and so far you've made piddling money. Again, you seem very inexperienced.

If there is one thing that is true about stocks, they go up and down. "Not sustainable" is humorous the only part of that remotely true is when stocks are going up these premiums are lower, they don't just disappear. And it wouldn't exactly be difficult to pivot to some other overvalued stock to use PUTS on replacing the APPL Puts like I already did with TSLA. Pull up the Option chain on your account let me know if Put prices are at 0.00 Take APPL on a pretty good tear lately will it continue for the rest of the year? Well the Fed has their agenda, and we are either in a recession or soon to be in one so I'd say we are in for more downside.

The crash and burn comment is truly funny..this PUT selling is a way to BUY a stock if desired.. and BUY at a discount, ie the buy is at a lower price than it currently is trading. The stock of APPL the most profitable company in the world if that adds up to a crash and burn I guess we are all effd.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Selling puts and Selling Calls are low risk and yield high gains when done correctly. Yes, they are not ZERO risk. OP doing well.

What is long tail risk? Seems poor risk management — if you sell a call, then the price rises you lose all upside as buyer captures stock appreciation — and if it drops you still lose almost everything except the premium — and if a stock starts dropping you can’t sell until option expires in case they do decide to exercise call (unlikely I guess).

I was only using PUTS to gain premium income/gain for the account. I'd only sell a call if I already own it, my Mom didnt want to own individual stocks. All the sudden moves of the stock price producing more tail risk could come into play on Calls (upside lost) but I'd also say this is usually done on weeklys so moves against my position would have to occur in short order. I paused this weekly positioning if earnings or investor days aka news was due to come out. One scenario- "oh wow I got stuck buying APPL at 140" when it did trade for a brief second at 135 would not have exactly been the end of the world when I had already pocketed $45 per share in premiums. Ive pocketed $65-$70 already on TSLA and have never bought the stock