“It begins with an investor who started posting on an online options
forum a few months ago after he made a BIG win.
You see, like most options traders, his strategy was to speculate on the
price movement of a stock and then buy calls if he thought it was going up and
puts if he thought it was going down.
The appeal is that you can take a cheap initial investment and potentially
turn it into A LOT of money.
That’s exactly what happened when he turned $22,790.64 into $45,535.65
for an 87.10% gain… in just a few days.
Everyone was very impressed…
Five months later he posted again. His account had grown to $159,891.29
and he just made an astounding $183,291.71 profit in 5 minutes buying options
on ALGN.
“See?!” Everybody said – buying
options works! You can turn even a small amount of money into literally
hundreds of thousands of dollars!
Boy… was this guy on a roll.
The next thing he did was buy SPY puts. The trade wasn’t going his way
until Trump made an inflammatory tweet about the trade war with China and – in
less than a minute…
…and RIGHT before his option was about to be worthless….
Out of pure luck, he bagged a 74.95% gain in less than a minute for a
$277,109.88 profit…
Then, after the selloff, he figured SPY was going to rebound, so he
bought calls…
Whoops! There goes $306,446.43 – 60% of his portfolio.
So he doubled down – SPY MUST go back up after such a sudden and severe
selloff, right?
In less than a week, he lost 84.79% of his portfolio.
But the final blow came the week after.
He announced he was buying calls on CGC betting it would go up.
It didn’t – his account was wiped out to just a little over $5,000 (he
didn’t post a screen shot of that…and disappeared from the forum).
This kind of horror story is common in the world of options, which is why
so many people are “scared” of them!” - Andy Crowder
Perfect Money/Payeer/BTC/AdvCash/Neteller/Skrill: www.ituglobalfx.com.ng
Perfect Money/Payeer/BTC/AdvCash/Neteller/Skrill: ItuGlobal
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