Trading From Maui-#1

in #options7 years ago (edited)

I'm an options trader from Maui. I've been trading for about 18yrs. My first experience in the market was In 1998. I was managing property as a college student and invested all the rental income into a tech stock. The stock immediately tanked and I ended up working an entire summer to pay back my losses. Several years later I had one of the most memorable moments as a trader.

On July 24, 2000, I made thousands of dollars exposing a fraudulent stock (AVAX Technoloy) on CNBC's Power Lunch. The CEO, Jeffrey Jonas was interviewed and I emailed in some questions. He couldn't answer any of them. The stock immediately sold off. I was short several thousand shares and the stock lost half of it's value in about 3 hours. Today, the stock is delisted.

In 2006 I started trading futures and formulated an automated system that made $60,000 in two months. I thought I found the "Holy Grail" of trading but when the 2008 crash happened, I ended up giving it all back. This time was so stressful that I stopped trading for about 6 years.

In 2014 I stumbled upon the "Karen the Supertrader" video and it was my first introduction to Tastytrade and the concept of selling premium. This was far less stressful than selling futures and I saw results that were smaller but more consistent than any type of trading that I had done before.

My current trading style is to remain delta neutral and collect .2%-.6% of my account size in theta per day and to grow 1% per week.

I've recently been exploring the realm of cryptocurrency and am excited with the potential in this space. I know it will be a while before there is futures and options available for the different coins, but I believe it will happen in time.

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