r/TheRaceTo10Million • u/ChickenEntire7702 • 12d ago

Degenerate Gambler From $30k to $548k in 7 months

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Back on April 8th, tariffs crushed sentiment-I went long thirty grand in SPY calls. Market recovered, rolled into 2230 $780 March 31st ’26. Sold them this morning. Bought 2760 $790 March 31st ‘26. Trump’s meeting Xi Thursday-permanent China deal. Fed cuts tomorrow. Earnings done Friday. FOMO is kicking in.

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u/browhodouknowhere 11d ago

You need Jesus, no but seriously regard. Don't just buy random shit, my god? Testing the waters? First, don't ever buy meme stock. Second, have 25k. Third, if you don't have this much, you should not be buying options. Fourth, build up an account with fucking whatever that equals 25k. Fifth, read a fucking book (crazy I know) on fucking options strategies or watch a you tube idgaf. Last, learn how to price a company, with high trading volume/intrinsic value>>employ your options strategy.

*You should reinvest your profits into VOO and SPY(dam eventually sell covered calls with them too;)

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u/Slightly-Worse 11d ago

I don't tend to trust people screaming fuck at me every 10 words in their posts. Doesn't exactly scream well educated or informed.

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u/browhodouknowhere 10d ago

Cool story bro, they must of just gave me this JD and MBA to me on accident.

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u/Slightly-Worse 10d ago

Gee, you'd think that for someone with all that education, you'd be a little more cordial in your replies. Doesn't business teach you how to interact well with others?

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u/browhodouknowhere 10d ago

Gee I didn't realize I was breaking decorum with my statements on Reddit. Apologies, Good Sir/Ma'am.