13 year old made $78,000 trading stock options

Patrick Kane

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I’m too shook to fukk wit options

seems too much like gambling to me :lupe:

I hear about these massive option call payouts and think :banderas: lemme jump in but then I think about what about the folks who have taken massive Ls? What does that look like? Anyone wanna speak on it? :patrice:
 

TripleAgent

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I heard you could lose more than that if you guess wrong...:picard:
You can bail out and sell at a loss. The most you can lose is the price you paid for the contract, but you can make limitless amounts. The catch is option contracts have expiration dates, unlike stocks. To make it simple, options are a way to leverage your money on a multiple, but you have x amount of time, or the contract becomes worthless. You can win big, but you can lose big too if not careful. The advantage is you tie up less money.
 
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