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50 dollar robinhood account

Discussion in 'Trade Journals' started by Optionslayer, Dec 7, 2019.

?

Can I make money with a 50 dollar robinhood acct.

  1. Kiss that 50 bucks goodbye

    33.3%
  2. Tell us how you did in 6 months

    66.7%
  1. Optionslayer

    Optionslayer Member

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    Oh Lord, following me could lead to the cliff. LOL.

    My motto is,
    If you cant afford to lose it you cant afford to win it.

    Thanks for stopping by. Hope to hear from you.$$$$
     
  2. Optionslayer

    Optionslayer Member

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    I resemble this statement, :cool:
     
  3. TomB16

    TomB16 Well-Known Member

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  4. hitman

    hitman Active Member

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    I'll share ideas with you if you are interested.
     
  5. Intern shIp

    Intern shIp Member

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    How many minutes- hours do you spend per day on this? I've been reading on that for a year now, yet couldn't make up my mind. Is there any way to ''set and forget'' the whole thing without having to micro manage constantly or has it got to be always looked over?
    Thanks for the screenshots, kind of encouraging.
     
  6. Intern shIp

    Intern shIp Member

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    I'd give that thing a go yet I just figured it ain't available in Canada. Apparently the only sound alternative is https://www.wealthsimple.com which I will give some thought toward, considering I'm not too keen on coughing up 10 $ per trade when it's time to take care of small business.
     
  7. TomB16

    TomB16 Well-Known Member

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    I've expressed my opinion on how I suspect this will end but it could also end with me trading options with my nest egg. lol!
     
  8. Optionslayer

    Optionslayer Member

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    Screenshot_20200110-091220_Robinhood.jpg Screenshot_20200110-091149_Robinhood.jpg When your broker extends the olive branch with a way out



    It is wise to listen.

    Todays results.
     

    Attached Files:

    #28 Optionslayer, Jan 10, 2020
    Last edited: Jan 10, 2020
    TomB16 and T0rm3nted like this.
  9. Optionslayer

    Optionslayer Member

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    Hey TOM,
    HOLD MY BEER !
    Friday at close. Stay tuned. Screenshot_20200110-180600_Robinhood.jpg
     
  10. TomB16

    TomB16 Well-Known Member

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    You are rocking! Fantastic! Love it!
     
  11. Optionslayer

    Optionslayer Member

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    Might be a decent day, IF it holds. Screenshot_20200112-133224_Robinhood.jpg
     
    T0rm3nted likes this.
  12. David Nwokeabia

    David Nwokeabia New Member

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  13. Optionslayer

    Optionslayer Member

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    Another shot in the dark play.
    Time to be more serious.

    Screenshot_20200113-100459_Robinhood.jpg

    Screenshot_20200113-100514_Robinhood.jpg
     
    TomB16 likes this.
  14. Optionslayer

    Optionslayer Member

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    Okay, time to stop,think and make some adjustments!
    Of the top there was a 99.9999% chance this would NEVER SURVIVE, most option traders fail and wipe out accounts. Just the way it works, otherwise we would all be rich.

    HEY TOM,
    Challenge accepted, INVESTED in a few stocks today, with the goal of longterm.
    We will see how they perform and may adjust as needed.
    Hey, its a start, a few are speculations and will be the first to go.

    Keeping $ 54.80 cash= about what I started this thread with for option trades.

    Facing a $ 27.00 max loss of current option contracts if they fail- time will tell.

    $ 338.82 invested in stocks.

    Out of daytrades and nearly cashless, so time out for a day or two.

    Todays results..Stay tuned. Screenshot_20200113-131322_Robinhood.jpg Screenshot_20200113-131354_Robinhood.jpg Screenshot_20200113-131336_Robinhood.jpg
     
    TomB16 and T0rm3nted like this.
  15. Optionslayer

    Optionslayer Member

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    Todays close.
    Now for the long task of posting all the trades up to date.

    Still lickin our lips drooling over the next play and wondering why the hell we spent almost all of our money on stocks. What a good waste of gambling money.
    "Thoughts of a option junkie"

    We beat the odds, have a few goodies to show for it and still have our INITIAL option cash.

    Stay tuned. Screenshot_20200113-153145_Robinhood.jpg Screenshot_20200113-153034_Robinhood.jpg Screenshot_20200113-131354_Robinhood.jpg
     
    T0rm3nted and TomB16 like this.
  16. TomB16

    TomB16 Well-Known Member

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    Just spit balling here.....

    What if you took $100 out of your stake and put it into a 6 month gic? Keep working the option angle for a month and then buy another $100 gic with 6 mo term and so on.

    The idea being to de-risk by creating a 6 month gic ladder. 6 months in, you can add another $100 to each step of the ladder, when you perform well. If you ever loose it all, you need only wait until the end of the month to have seed money to take another swing at the option pinata.

    There are some extreme low investment gics but I don't know if they go down to $100. The idea may not be viable.

    My concern would be making a misstep and it all ends. Perhaps that concern can be managed. Or, perhaps it doesn't need managing.

    Whatever happens, you have had one of the coolest trading stories I've ever seen. Kudos to you.
     
  17. Optionslayer

    Optionslayer Member

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    Actually that is the plan. Honored you stopped by.

    In the mean time, had a bit of a relapse.
    Stay tuned. Screenshot_20200115-064321_Robinhood.jpg
     
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  18. Optionslayer

    Optionslayer Member

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    Alright.
    Sold AAPL for a couple bucks

    Dumped a couple option plays that came back to life.

    Own a few small stocks that I most likely will keep.

    My cost breakdown is
    $ 404.83 -cash.
    $ 26.23 -stocks
    $ 44.00 -options>> down about $ 20.

    Still coasting. -- Stay tuned. Screenshot_20200115-083644_Robinhood.jpg
     
  19. Optionslayer

    Optionslayer Member

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    Me being me, went in some calls yesterday.
    Woke up to a bloodbath, held on about a hour and turned it into this..Bout lost my A$$ on this one, HEY TOM!

    A new all time high.

    No new plays, counting my blessings
    Screenshot_20200116-063449_Robinhood.jpg Screenshot_20200116-083638_Robinhood.jpg
     
  20. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Hey bud - hope all is well over here! Haven't heard from you in a while.
     

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