How I Turned $1,500 to $60k in One Month!

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My first trade was buying 2 contracts of QQQ puts. QQQ is an ETF comprised of Nasdaq tech stocks. It’s also fairly volatile. I was betting that the price would be lower than $216 by March 6th. I paid $424 for each contract for a total of $848. Luckily for me, the market took a little tumble and two days later, I sold both contracts for $1,670 apiece for a total profit of $2,492.

My next big trade was as follows:
On March 2nd, I bought 20 contracts of Las Vegas Sands puts. I figured things were going to get shut down due to the pandemic and their casinos would take a hit. These contracts were $107 apiece. Well, I was right and the stock continued to tumble. By the 16th, the share price had gone from $58 to $40. My options were now worth $800 each. I decided to sell 14 of my 20 contracts for $11,200… netting a $9000 profit. And I still owned 6 contracts in case the stock continued to fall. I ended up selling the final six contracts on April 3rd for $810 apiece. The total trade netted me $13,860 in profit… all from a $2,140 initial options purchase on LVS.

Okay, then I bought two contracts of Spy puts on March 4th for $547 each. In case you aren’t familiar, Spy is an ETF that tracks the S&P 500 – so it’s not just a single stock like Apple. Just five days later, these same contracts were worth $23.90 so I sold them for a profit of $3686.

On March 10th, I played Spy again, purchasing 5 contracts of puts for $805 apiece. Six days later, I sold 4 of the 5 contracts for $28.55 apiece, netting a profit of $7,395 and leaving me with one contract, once again, in case the market continued to fall. I ended up selling that last contract for $3,956 for a grand total of $11,351 in profit on March 18th. Now If I would’ve held all 5 of my contracts until the 18th, I could’ve made an extra $4,000 in profit, but you never want to let your green positions turn red and it’s impossible to know what the market will do the next day. You’ll never go broke by locking in profit – as they say, pigs get fat, hogs get slaughtered.

I played Spy puts a few more times.
I bought 3 contracts for $6.61 on March 10th again, selling 8 days later for $3290 per contract for a total of $7,887 in profit.

At this point in time, all of my puts were really paying off. I did play Spy Calls on the 17th. I bought 5 contracts of $254 calls for $620 each and sold just before the market closed that day for $845 each, for a quick $1100 profit.

I think my first losing trade was on March 18th when I bought 10 contracts of CODX for $110 each. That trade went against me and I sold the next day for $40 per, losing $700.

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[aidanhennebry]

Another vote for more in-depth videos on how to get started (or, even just point us towards resources we can explore to start)

[lawrencejohnson]

The financial markets seem to be suffering more than the real economy from the prospect of further Fed tightening, I seriously need suggestions on how to diversify my $500k portfolio made up of volatile TSLA.

[stjepanhauser]

During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?

[gominuke]

I've been trading options very conservatively over the last two months and made 1k with my 1.5k initial investment But you really do have to have some stomach, its scary when things don't go like you plan. I cant quite go so big yet, but I'm happy with it.

[clementhart]

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $377k profit within a months he invested $90k. I just began investing and i will really appreciate any tips or helpful guide.

[onieodelia]

This seems like the worst investing period. Started investing recently when the market prices were a bit high, today I am more than 60% down! Hopefully, the markets will go back up.

[alinaally]

We've been living on $60000 clear a year since I retired 3 years ago and owe nothing. We are still putting money away every month. Two vehicles and a boat and having fun. Don't regret one day of retiring.

[TheGroovyGuitarDude]

Perfect timing man. I have dabbled in trading but been interested in learning options. Your simple explanations helped out a lot just in terms of understanding the basics. Thanks man! 🤙🏽

[internetshaquille]

“FAIRLY RISKY”???? BruUuUuuuUuuuuh....

[kevinlien]

Wow such an eye-opener, would love a video of how a beginner with no stock experience get started into something like this! I've always been interested but been too intimidated to attempt. The way you handle it makes it very friendly to noobies like us!

[emersonflores]

That is absolutely unreal gain for a month. Kudos to you.

[darraghcasey]

I used to see Bitcoin trading as a side thing but it has proven to be a major source of passive income ever since I ventured into it.

[Stanley]

Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

[DanielInskeep]

hey everyone! to celebrate the launch of my new channel, i'm giving three people the money i made in my fiverr video. make sure you're subscribed and retweet below and i'll pick three people at random!

[Lilyoregon]

I am day trading now but I hold stocks and ETFs for long term investment, some individual and blue chip stocks pay me up to 3k € monthly from it

[debbydhill]

This was great, I for one would like more in depth video.

[annmannings]

Thank you😊 for this video, do you offer account management or have any recommendations?

[tsteel]

I been trading for about a year. Started with a grand and today hit 19k. All I do is day trades and a couple long term holds. I wish I knew how to do options but it seems so complicated to me. Also, my understanding is you don't have to pay taxes on positions because until you cash out you haven't actually made that money yet.

[MackMittenzTV]

even with the 20k loss, you STILL killed it bro! $1, 500 to 62k is insane!

[brandonmattingly]

Great stuff!

Any recommendations as far as research/reading starting point for someone starting from zero?

Appreciate it!