POSITIONS FOR $800->$100k

[u/brokenb3ar]

Since yall can’t stop crying about my positions. I’ll post it now here lol.

[u/iphonehome9]

Once in a lifetime run. Too bad you only started with $800.

[u/Optimal-Description8 → u/iphonehome9]

It would have been so much easier to reach 100k if he just started with 200k, is he stupid?

[u/SpiritualPurple9025 → u/Optimal-Description8]

He’s a regard. Clearly

[u/havnar- → u/Optimal-Description8]

Hold my bags, I’ll show you how this is done!

[u/EvensenFM → u/Optimal-Description8]

I bet if he doubled down with the $100k he'd get to a million.

Come on /u/brokenb3ar do it

[u/DankKnightLP → u/Optimal-Description8]

It's like some people just want to wear blinders their whole life and it makes me disgusted

[u/Accomplished_Use27 → u/iphonehome9]

Lmao looks like he had more than 800 to start from the pictures :p

[u/Starting_Aquarist → u/Accomplished_Use27]

this is why people lose so much money on this sub. they don't know math. initial positions profits dont match the $800 to start with, even AFTER losing $100 on his first trade.

[u/anon_user3468 → u/iphonehome9]

I may be wrong but I am a regard, maybe someone could point out where I’m wrong if I am … Starting a robinhood account with only $800 he would have to be on a cash account and would be limited with his ability to buy and sell on the same day, with a cash account it takes a day for funds to settle and you’re only limited to 5 “day trades” in one week so I don’t think the timing lines up for this to truly have been started with only $800. I know this because I have started with only $500 and it’s almost impossible to buy calls and flip them this consistently without the account being flagged .. he is showing his realized profits and losses but he is not showing us when they were bought and for how much .. his first profitable trade was for 9k with a 182% profit meaning the initial investment on that call alone was about 5k .. how did he get from $800 to 5k?

[u/MrStickDick → u/anon_user3468]

Thanks I thought I was stupid and bad at math... Glad I'm just stupid

[u/im_wrong_but_listen → u/anon_user3468]

Cash accounts don't have pattern day trading rule. Only margin accounts with less than 25k are limited trades

[u/anon_user3468 → u/im_wrong_but_listen]

Yes but cash accounts take a day to settle so you can’t buy and sell so close together

[u/racerx1913 → u/anon_user3468]

I am convinced that all of you lose money because you don’t even know how brokers even work. I have a cash account and I day trade almost every day. If you buy a SPY contract and you put up $100 to buy that contract, you only use $100 of your buying power. That settles the next day and you can use it again +/- any gains or loses.

[u/Brilliant-Space3066 → u/anon_user3468]

He could take 4 trades of 200 dollars and close them all same day, so it’s very possible. Then the cash is settled overnight and fully available next day.

[u/ZealousidealHall8975 → u/anon_user3468]

Yep you’ll get slapped with free ride violations otherwise

[u/staunch_character → u/anon_user3468]

I’m curious how long OP held some of these for.

He’s not only buying 0DTE like the rest of us regards

[u/coloredzebra → u/anon_user3468]

Pretty easy on the right side of the trade, especially with volatility, just near impossible to replicate. E.g. if you had $800 today, someone contracts on Spx intraday went $4 -> $34 today.

[u/z3rr0o → u/anon_user3468]

Is there a limit to 5 day trades per week for cash account? I’m pretty sure that only applies for margins. Cash account is unlimited day trades however only with settled funds as you said, it’s overnight settlement. Maybe his first trade was insane and he used 800$ to make 5k, for one day trade. Then branched out with that 5k and used 2x 2k for two trades and 1k for another trade for a total of 5k (3 day trades in a single day). Repeated the same process next day of he profited, upping his # of positions.

[u/anon_user3468 → u/[deleted]]

With a margin account under 25k yes you are, it happened to me in January

[u/racerx1913 → u/anon_user3468]

We are talking about cash accounts

[u/anon_user3468 → u/racerx1913]

And with a cash account you can’t use any money until your cash settles which takes a day, with a margin account you can make multiple day trades but your account has to be worth over 25k … I know I didn’t explain it correctly in the first comment but what I was trying to say is that it’s not likely he could do that many trades with a cash account, and in order to do it with a margin account he would need over 25k .. again I could be wrong but he posted a picture in another comment showing when he made the first 800 purchase for qqq calls I believe and he made multiple sales and buys that same day

[u/Hopeful_Pear_8747 → u/anon_user3468]

You can full port yolo on options every single day until you’re a millionaire or broke on a cash account.

[u/BalrogintheDepths → u/iphonehome9]

The math ain't mathing. He started with more but the gains are still amazing.

[u/Ok-Cause2093 → u/iphonehome9]

You started with more and ended up with less

[u/BoltActionRifleman → u/iphonehome9]

I read his post title as he started with $800k instead of just $800 and was thinking where the heck are all of the losses. Finding your comment finally cleared that up for me.

[u/curryslapper → u/BoltActionRifleman]

me too. good assumption for this sub though

[u/RancidSmellingShit → u/iphonehome9]

Didn't someone else do this like last month then blow up their account and delete everything

[u/BrianGumble → u/iphonehome9]

So as a fellow regard. Dumb question. If you start with $800 the max you could lose is $800?