I was wondering how realistic would it be to grow a 30K account to 100K in a year through Options. I've made 7K USD so far this year and to be honest, I feel it's a little bit of a luck as I just sold puts and got assigned once and kept selling calls on it. I'm super inexperienced and don't look at things like vega, gamma, iv or I don't know what they mean in detail. I just sell much below current price based on hunch and I know my luck will run out soon. I'd like to ask more experienced traders how would you approach it and any strategies worked well for you guys in the past. Thank you
Growing a 30K USD account to 100K in a year through Options
byu/shandeep92 inoptions
Posted by shandeep92
16 Comments
You can’t more than triple an account in a year without *insane* risk (I.e. gambling). Are you okay with losing your entire account?
Very possible, what’s difficult is to do it consistently
233% in a year is hedge fund territory. It happens, but usually ends in a blowup the following year.
You already know it’s luck, which puts you ahead of most people here. The thing that’ll actually protect you before luck runs out: learn IV percentile. Selling puts when IV is low is how accounts blow up. Everything else can wait.
CMPX, LEAPS at 1.
There is a real chance the account will go to 0
I’d say you have about .05% chance of making that happen. You could get lucky, but it would definitely be luck.
Take your profits and dump into S&P so when you start losing, at least something will be performing better.
If you need to know how to grow it to zero let me know.
And then paying 35% back next April
It is real just as it is also real to shirnk the 30k USD to 300 USD
Returns are directly proportional to the risks you take to get them, even smart bets only POSSIBLY provide an edge to those risks (like going to 51% on blackjack).
You would face the chance for total loss multiple times and would have to come out ahead each time.
leaps
Depends on if you’re willing to risk a huge percentage of your account over and over again. Very real chance your account will go to 0 too though.
Anything is possible and more. This is definitely not out of the question but if you „only“ have 30k it is far more likely that you lose it all or significant portion trying to get returns like this. Start slow and risk as little as possible. Key is to learn. Join a discord that talks about strategies and backtesting. You will learn so much discussing trades with others. And you do not need to spend anything to join a discord but paying for a backtesting tool is worth it’s weight in gold
I’ll give you a tip. Buy 3 Jan 28 500C on AVGO. Hold till October 27. You’ll probably be at 100K.
Selling Puts has been a very good strat especially for the last 12 weeks. My question is how did you do that? Were you using Buying Power or Cash Sec Puts ?
The trouble with Selling Puts is that Vix is collapsing so you will get less premium, and the AI bubble will bust (might not happen until the fall).
If you did Csp , do you understand Buying Power. From the founders of Tos and Tasty.
[https://www.tastylive.com/shows/best-practices/episodes/buying-power-reduction-01-26-2015](https://www.tastylive.com/shows/best-practices/episodes/buying-power-reduction-01-26-2015)
[https://ontt.tv/3jAf4Ba](https://ontt.tv/3jAf4Ba) Buying Power Factors Oct 28, 2020 STOCKLESS TRADING
[https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020](https://www.tastylive.com/shows/tasty-extras/episodes/a-refresher-on-bpr-06-29-2020)