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Updated almost 3 years ago on . Most recent reply

User Stats

168
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105
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Adam M.
  • Rental Property Investor
  • Fort Collins, CO
105
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168
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Trading Stocks or Options

Adam M.
  • Rental Property Investor
  • Fort Collins, CO
Posted

Does anyone here trade stocks or options on the side? It kind of fits with some REI personalities. I personally don't, because I can't stomach losing a penny, but was just curious and wondered how it was working out for you? My buddy was telling me about sites where you can mimic or copy professional trader, but I am VERY skeptical!

Most Popular Reply

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1,639
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955
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Chris T.
  • Investor
  • Downers Grove, IL
955
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1,639
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

@Adam M.

I used to trade options for several months, just like how your buddy recommends. "mimicking a professional trader" while learning the ins and outs. 

I would sometimes make over $10K in a day, and lose $15K the next. Eventually, I lost more than I made, and the stress and fast pace was killing me. 

When I replenish my "play $$", I would look into it again but be a lot more conservative (such as selling covered calls etc) 

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