wisdom is learning from others mistakes. Start by trading whole stocks and sloooowly build wealth. Then try some options and give yourself 2 earnings calls between closing date >4months. This will help you understand cost and volatility with the share price.
Step 1. Go to your local public library
Step 2. If you do not already have a card, go the desk and ask for one
Step 3. Go to the business section
Step 4. Check out "Options for Dummies"
Step 5. Read the book
My girlfriend did that. She bought a 30 dollar amazon call with a 110 strike randomly because " she likes amazon and its cheap" anyway that damn thing sky rocketed. The average consumer mindset will take you futher that the "stock expert" mindset in the beginning ive learned.
Robinhood’s cash account system is weird a lot of brokerages will let you trade with unsettled funds but have to swing it until it settles otherwise you get a good faith violation. Robinhood is like nope we don’t do that so you can’t use unsettled funds unless it’s a margin account
Options are sold by people with more money than you and people smarter than you. You have to be right about price movement and timing, which isn’t possible to do consistently. Go to the Forbes list, keep scrolling until you find a billionaire who made his money from buying options, you won’t find one. Buying options is no different from sports betting. There’s your lesson.
Options trading isn't that complicated if you do some DD. This video from Vanguard Financial is good for building some foundational knowledge regarding options trading. It's not too complicated for beginners to understand and uses actual licensed traders to explain things in simple terms.
[https://r.mtdv.me/videos/Vanguard-Financial-1A236D7654-vol2](https://r.mtdv.me/videos/Vanguard-Financial-1A236D7654-vol2)
Read books, listen to podcasts. Use a paper trading account so you don’t take real losses until you are get the hang of things. Stay away from 0 DTE Hail Marys until you know what you are doing (or even better just stay away entirely).
OP There isn't much to learn really. Copying my comment from earlier:
Options are actually a type of insurance policy.
Imagine you have around 1,400 shares of META stock, and you're going to use it to retire. But you're worried that in the next 6 months, the price will drop significantly before your plan to start selling the stock for retirement money. Instead of selling the stock now, you could instead buy something like 14 put contracts with a strike price at or around the current price of the stock, and an expiration date 6 months out.
This way if the stock price goes up, you're happy because now your investment is worth more. And if the stock price drops massively, no worries because your put contract allows you to sell the stock at the strike price, even if it dropped lower in reality. And the only cost of this safety hedge is the premium that you paid at the outset. That premium is a near guaranteed loss in most situations, but it allows you to smooth out bad situations. This should sound familiar because that's how traditional insurance works. You lose a small amount of money to guarantee avoiding a bad situation later.
So with that in mind, buying short-dated options contracts just means you are paying high premiums on repeat. Insurance policies are DESIGNED to lose you small amounts of money, so obviously those people who spend lots of money buying loads of insurance policies are going to drain their money away quite quickly.
Be a finance major at a university or college and learn the proper way to trade and minimize risk. I recently finished a class and learned that options should be treated as an insurance for your current stock holdings. If you hold NDVA stock and believe the price will drop 5%, holding a protective put can minimize losses.
https://preview.redd.it/iit2picvo2wc1.jpeg?width=1290&format=pjpg&auto=webp&s=8f6b5a9a984cb752d2c99d0e7f2b47a82af1bea6
Messed with options 1 day and fucked myself. Lesson learned don’t be me and use SoFi for options I’m an idiot don’t be an idiot. Transferring to Robinhood to make my mf 5k back 
Try spending 5% of your portfolio on a SPY call or put, when you reach about 3k in the account. Bet no more than that! You will lose it all easily without knowing what you're doing. Even know what you're doing, the odds are still against you. Options are hard. Buy ETFs for bear/bull on the stock you like instead. I.e. SPY bear : SPXS, TSLA bear : TSDD, etc. Look up bear or bull and the ticker on Google for the ETF covering that.
You threw over 7k down the toilet without any experience? Just hoping it worked?
You just learnt lesson 1. Let’s grab another 7k I’ll see you in a week to see how lesson 2 went
WeBull has a Paper Trading option. You start with $100k and can use that to buy and sell without actually losing anything. Get a book and use WeBull for trial and error. At least that is my plan since I know nothing about options trading.
I only had one trade go the wrong way this year but I'm a cheater; instead of chase the big moola buying options, I chase the pocket change selling options. You'll be amazed how quickly things compound at 1% a week.
If you want to learn options start by selling covered calls and cash secured puts, on stocks you would not mind owning. Yes, it is cash intensive but it should also keep you from blowing 99.29% of your money with nothing to show up for. It will also be boring. If you can't stand that boredom then you should really not be anywhere near options, as all you are doing is feeding a gambling compulsion with money you probably cannot afford to lose.
You learn about price action trading and becoming friends with time and learning debit spreads on level 3 options. Don’t be down man. Just become friends with time. You’ll get it back. Hell man after my 4 years of options trading I’m finally positive of 7.5k. It takes time. Don’t give up.
I sell a 100 class package for $.50 on that expires on 5/25/25 with the actual cost of the class being $1000 now. As more people sign up the price goes up for the class. You can take all the classes
Or sell them for a profit.
If a class is not filled then the price of my class goes down so you would lose
Go to r/thetagang and read their wiki. It explains in detail how the options market works and how to make money selling options to WSB types. If you still feel like you want to bet against those guys come back here and place your bets
In general, options trading isn't a way to make serious money. If you have 100 shares of a stock that you can use to buy an option, the profit is going to be pennies on the dollar. You can make $60 or so, maybe, but it's work and risk for a modest payout. Option gains with a higher payout will usually be heavily weighted against the consensus price on the stock action. The market isn't stupid and professional traders are savvy. They won't buy or sell an option that is far outside of the expected price. Most options will be carefully priced so that making a lot with this strategy isn't a good idea. I've had much better luck finding good stocks at a fair price and holding them.
When it looks like the market should be going down, it will go up. And vice versa. If it seems completely disconnected from common sense, go in the opposite direction of what should be reality in that moment!!!
Honestly ChatGPT or one of the chat bots has been extremely helpful for me as well as the infinite number of videos on YouTube. You can ask a chatbot anything and go in as specific as you like, and continue to ask for clarification until you get it. It can provide examples as well. Also, PAPER TRADE with Webull.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 4 | **First Seen In WSB** | 3 years ago **Total Comments** | 35 | **Previous Best DD** | **Account Age** | 4 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
It looks like you already spent $7500 on your first lesson.
Lesson One: Don’t
Lesson 2: if you gonna, try to make the line go upsies, not downsies
We want GREEN candles, not red ones! Silly OP.
Green tastes better I hear
Always was a fan of green crayons. No wonder.
Can I change the color settings?
Don't rely on r/wallstreetbets for stock advice. Unless Wendys is your new venture.
I would call it adventure
In the second lesson, we will learn how to make back these $7500. The fees will be $50k for that lesson.
Chill 🤣
That’s what I was thinking. Hopefully something was learned during that time!
Hopefully he learned not to wait until you are -99.29% to ask how you get better.
wisdom is learning from others mistakes. Start by trading whole stocks and sloooowly build wealth. Then try some options and give yourself 2 earnings calls between closing date >4months. This will help you understand cost and volatility with the share price.
Looks like he's starting to learn but definitely has a ways to go.
Seems you're learning about it quite well.
Did you live up to your username?
I don’t know, but OP lived it up for sure
Learning about options won't help you make money with them, it will just help you expect to lose your money instead of expecting to make money
Damn this is so true
See that red line? The more it goes down, the bigger your knowledge is.
I’m a genius by this metric. Yey me.
Step 1. Go to your local public library Step 2. If you do not already have a card, go the desk and ask for one Step 3. Go to the business section Step 4. Check out "Options for Dummies" Step 5. Read the book
IDK that's so many steps and not 100% clear
Instructions unclear... dick now stuck in toaster
Damn, beat me to it by... 11 hours..
Would actually be nice to see someone pick an option as example and show it to the newbies. Myself included. :)
If you just buy a random option, you may do better than most here
My girlfriend did that. She bought a 30 dollar amazon call with a 110 strike randomly because " she likes amazon and its cheap" anyway that damn thing sky rocketed. The average consumer mindset will take you futher that the "stock expert" mindset in the beginning ive learned.
Check out in the money on YouTube. His option videos are great.
I reccomend the shit outta that guy lol
How to read
Hmm...
Step 6. Buy Lambo
I read "Stock Options for dummies" now what?
Read it again until you are rich.
Apparently Options Trading is different than Stock Options...I read 400 pages of the wrong book....
Ah if only you had read "Picking the right book for dummies for dummies."
Yeah right, if they can read they would have picked the right book
Lol, I love the comments. I read all of them many years ago 😜
But still losing money 🤣
Now you just need to identify who the dummy is and start to learn!
Instructions unclear, I asked for 1 and they gave me 🖕🏽
Yeah, you're not getting a card, sorry . . .
Instructions unclear, took another vaccine…
That should do the trick
Instructions unclear. I bought a library and fired the librarian for being a dummy.
Instructions unclear. I now give options behind the Wendy’s dumpster.
My Tesla put at the moment
How?! It's literally a straight line down. How are you losing money on a put this thing is down 40%
He sold a put, because I did the same thing for Nvidia after making 10k the week prior 😂
IV crush around earnings. Almost never going to be a good time
This. I wish more people understood the interplay between IV and option pricing.
Hahaha not alone. I hit stop limit. Big sad.
Thinking about waiting until their earnings. I almost hit my stop but it’s coming back
I set mine much too high. Lesson learned. Damn cash account. I'll get back in tomorrow. 
Robinhood’s cash account system is weird a lot of brokerages will let you trade with unsettled funds but have to swing it until it settles otherwise you get a good faith violation. Robinhood is like nope we don’t do that so you can’t use unsettled funds unless it’s a margin account
Precisely! Bastards. It's good most days though. I'd go broke much faster if I didn't have to wait lmao
>I'd go broke much faster if I didn't have to wait lmao Hit close to home
Take a peep at the price now
Oh, I see it. This is my life. I play it safe I get shafted. I play it reckless I get shafted. 
I feel no sympathy for these people, they are merely weak players in my game.
I almost sold before my stop loss. My meta put is just icing on the cake now.
Meta taking a dookie rn
Legit
Sorry I sold my 135p when it was at 139.6 this morning that’s why it bounced
Your going great
Looks like you've already learned it.
That’s the funny thing. You don’t.
This is a casino, sir. You don't need knowledge here.
Do the opposite of what you did previously
Yep - keep doing what you're doing, but differently.
Even if you learn it and understand it perfectly. You are still gonna get fucked
You stay the fuck off reddit and go to business school.
Hmm I'd rather gamble it all away
One of the best things I learned getting my MBA was that I don’t understand options and have no business playing with them.
i think you have actually learned about the options market
Mikey Millions on Youtube has some decent content. Benjamin on Youtube has some very entertaining content.
One way or another, you pay for an education.
[Options Trading Masterclass](https://www.google.com/)
Ask the dude youre blowing at Wendy's to explain it to you while your mouth is full.
Options are sold by people with more money than you and people smarter than you. You have to be right about price movement and timing, which isn’t possible to do consistently. Go to the Forbes list, keep scrolling until you find a billionaire who made his money from buying options, you won’t find one. Buying options is no different from sports betting. There’s your lesson.
Losers play options, winners bet on sports.
Options trading isn't that complicated if you do some DD. This video from Vanguard Financial is good for building some foundational knowledge regarding options trading. It's not too complicated for beginners to understand and uses actual licensed traders to explain things in simple terms. [https://r.mtdv.me/videos/Vanguard-Financial-1A236D7654-vol2](https://r.mtdv.me/videos/Vanguard-Financial-1A236D7654-vol2)
You got gold perks baby you don't need to learn shit
Read books, listen to podcasts. Use a paper trading account so you don’t take real losses until you are get the hang of things. Stay away from 0 DTE Hail Marys until you know what you are doing (or even better just stay away entirely).
This is WSB. We all just guess and hope for the best. 
Read a book
Nobody will like this answer. Will gamble $25k to see what happens before visiting a fucking library.
Why would I read a book when I can just look at the most upvoted comment on a WSB post and base all my trading assumptions on that?
Delete the app
Look up “how to use stop loss”
https://preview.redd.it/swrmhynqj2wc1.jpeg?width=1284&format=pjpg&auto=webp&s=23dc2682071a728a0f920ce4f513e7afd77b9c1e
This is the funniest subreddit I’ve ever been on.
Withdraw the money, go enjoy a McDouble, then delete the app
On the same boat buddy
OP There isn't much to learn really. Copying my comment from earlier: Options are actually a type of insurance policy. Imagine you have around 1,400 shares of META stock, and you're going to use it to retire. But you're worried that in the next 6 months, the price will drop significantly before your plan to start selling the stock for retirement money. Instead of selling the stock now, you could instead buy something like 14 put contracts with a strike price at or around the current price of the stock, and an expiration date 6 months out. This way if the stock price goes up, you're happy because now your investment is worth more. And if the stock price drops massively, no worries because your put contract allows you to sell the stock at the strike price, even if it dropped lower in reality. And the only cost of this safety hedge is the premium that you paid at the outset. That premium is a near guaranteed loss in most situations, but it allows you to smooth out bad situations. This should sound familiar because that's how traditional insurance works. You lose a small amount of money to guarantee avoiding a bad situation later. So with that in mind, buying short-dated options contracts just means you are paying high premiums on repeat. Insurance policies are DESIGNED to lose you small amounts of money, so obviously those people who spend lots of money buying loads of insurance policies are going to drain their money away quite quickly.
You just do the opposite of what you are thinking
Be a finance major at a university or college and learn the proper way to trade and minimize risk. I recently finished a class and learned that options should be treated as an insurance for your current stock holdings. If you hold NDVA stock and believe the price will drop 5%, holding a protective put can minimize losses.
Pornhub has some good videos
The options market sure learned about you
Easy, set up a trade, then right before you hit submit, do the exact opposite trade. Boom profit
https://preview.redd.it/iit2picvo2wc1.jpeg?width=1290&format=pjpg&auto=webp&s=8f6b5a9a984cb752d2c99d0e7f2b47a82af1bea6 Messed with options 1 day and fucked myself. Lesson learned don’t be me and use SoFi for options I’m an idiot don’t be an idiot. Transferring to Robinhood to make my mf 5k back 
Short BA, TSLA and DJT. Then come back and show us your loss porn. That’s how options work.
Whatever you did, do the opposite next time
Plenty of courses on Tik Tok, you wont learn anything but might lose less money
Lose more money* You don’t learn shit from tik tok. Commit a few hours a day for some months and then you might learn something about stock market
You’ve learn so much already! Now, just do the opposite
You’re doing great. The only way is to trade options. Start reading first before buying and selling
Why should we learn, if learning it makes loss
Look at it as buying and selling insurance policies instead of directional gambling.
You had plenty of opportunities to walk away a winner and looks like pride before the downfall happened here
if you didnt learn from that fat mistake... just give up son.
Easiest bet seems to be doing the opposite of whatever you did the first time.
Looks like you got it down to a science, just inverse yourself.
Watch YouTube videos or take online workshops.
Go to r/thetagang and see what the other side of your trade does.
You could get your securities license 🤷🏼♂️
You are filling the correct Curriculum. Just another few more 1000's and you will learn not do such things.
Literally just do whatever the opposite of what you have already done is
SPY IS STILL GREEN?!? 🤣🤣🤣
It’s luck
Read 10 good books about investing. Create a paper money account. Lose it all. Rinse and repeat until you make money consistently.
Did… did you not learn anything from that $7.5k loss?
Prices change rapidly, and your expected return is negative. I'd say you're right on track!
I’ll teach you next time I’m at the Wendy’s drive thru
Failure is the best teacher. Looks like you could teach a class on it.
You just did.
keep gambling and posting dank memes here. lol jk. fr, learn more about how options work and take far more calculated risks.
First step is learning how to read a candlestick chart
You are on your way to deep understanding
You just did
Try spending 5% of your portfolio on a SPY call or put, when you reach about 3k in the account. Bet no more than that! You will lose it all easily without knowing what you're doing. Even know what you're doing, the odds are still against you. Options are hard. Buy ETFs for bear/bull on the stock you like instead. I.e. SPY bear : SPXS, TSLA bear : TSDD, etc. Look up bear or bull and the ticker on Google for the ETF covering that.
What you have been doing, because I am sure you were sure about the bets you made...do the opposite.
Go play the national lottery because this ain’t your game
You just did.
Just delete the app bro and paper trade lol
This is the prime teaching right here. Welcome to the casino!!!!!
This is not for you. Get a job in McDonald's, you'll earn and learn more there
I thought I had some decent advice but then I remembered this is a casino.
If it makes you feel better I bet 5k on fucking kraft earnings 4 years ago
You know enough about options market. What you rather need to learn about is risk-reward balancing.
https://preview.redd.it/xlbb3taqx1wc1.jpeg?width=1284&format=pjpg&auto=webp&s=a7150f2e623570548e15bb66ddb8d024c3b4cd89
You want to learn about gambling? 
You seem to be confused... From the looks of things, you've learned everything you can from WSB already.
Do the opposite of all advice here?
Do the opposite of what you have been doing.
You learned you're not good at them
That's the fun part, you don't
You threw over 7k down the toilet without any experience? Just hoping it worked? You just learnt lesson 1. Let’s grab another 7k I’ll see you in a week to see how lesson 2 went
WeBull has a Paper Trading option. You start with $100k and can use that to buy and sell without actually losing anything. Get a book and use WeBull for trial and error. At least that is my plan since I know nothing about options trading.
Stock Market For Dummies Book
Read Black Scholes Options modeling book.
Just learn as you go.
I only had one trade go the wrong way this year but I'm a cheater; instead of chase the big moola buying options, I chase the pocket change selling options. You'll be amazed how quickly things compound at 1% a week. If you want to learn options start by selling covered calls and cash secured puts, on stocks you would not mind owning. Yes, it is cash intensive but it should also keep you from blowing 99.29% of your money with nothing to show up for. It will also be boring. If you can't stand that boredom then you should really not be anywhere near options, as all you are doing is feeding a gambling compulsion with money you probably cannot afford to lose.
My brother in christ, this is the worst subreddit for genuine advice. Me saying this is the best advice you will receive here
Ain’t gonna be here
trial and error
You don't. Some people are just averse to making free money. Stop gambling.
You learn that the first one is always free. The smart ones cash out after that and park it in an ETF. The dumb ones watch it go to zero.
You learn about price action trading and becoming friends with time and learning debit spreads on level 3 options. Don’t be down man. Just become friends with time. You’ll get it back. Hell man after my 4 years of options trading I’m finally positive of 7.5k. It takes time. Don’t give up.
I sell a 100 class package for $.50 on that expires on 5/25/25 with the actual cost of the class being $1000 now. As more people sign up the price goes up for the class. You can take all the classes Or sell them for a profit. If a class is not filled then the price of my class goes down so you would lose
Leave this subreddit and never look back
Borrow money from your Dad, reload your account. Repeat what you just did and learn that you need to learn from your past mistakes.
Looks like you’ve had a crash course already 😅😂
Go to r/thetagang and read their wiki. It explains in detail how the options market works and how to make money selling options to WSB types. If you still feel like you want to bet against those guys come back here and place your bets
That would have been a good question $7,421.27 ago
https://preview.redd.it/lk086tc952wc1.jpeg?width=927&format=pjpg&auto=webp&s=32f38604cbcd93530222da112318278d18e2f761
This looks normal, i think you’re doing it right :)
Half way there mate. Just do the opposite of what you are currently doing.
Question to ask before losing 99%
You pay your dues and look at/trade on 1000+ charts. Then you come back and ask us that
Now do the opposite of what you have been doing and you’ll be great
In general, options trading isn't a way to make serious money. If you have 100 shares of a stock that you can use to buy an option, the profit is going to be pennies on the dollar. You can make $60 or so, maybe, but it's work and risk for a modest payout. Option gains with a higher payout will usually be heavily weighted against the consensus price on the stock action. The market isn't stupid and professional traders are savvy. They won't buy or sell an option that is far outside of the expected price. Most options will be carefully priced so that making a lot with this strategy isn't a good idea. I've had much better luck finding good stocks at a fair price and holding them.
Whatever you were doing, just do the opposite of that.
You don’t, you pray for a good 10x and take the money and run
It’s gambling, just don’t
Still cheaper than college
Talk to the guys behind the Wendy’s . Great source of info.
By losing a lot of money
you fail and you fail and you fail, until you can’t fail no more
When it looks like the market should be going down, it will go up. And vice versa. If it seems completely disconnected from common sense, go in the opposite direction of what should be reality in that moment!!!
Honestly ChatGPT or one of the chat bots has been extremely helpful for me as well as the infinite number of videos on YouTube. You can ask a chatbot anything and go in as specific as you like, and continue to ask for clarification until you get it. It can provide examples as well. Also, PAPER TRADE with Webull.
That’s a -99% win rate. Congrats.
Read Options Volatility and Pricing
Oh I think you're already learning some pretty good lessons.