Why I’m so good at options (as a millionaire)
After revealing my genius strategy to make myself a billionaire, I found many of you sliding into my DMs asking about me, my trading strategy, how I trade options, and for access to my infinite wisdom. Unfortunately I cannot reply to all the DMs, so I have decided to do a quick Q&A. You can now learn directly from SirYoloGod and understand what it takes to become an ultimate YOLOer on the path to a billion.
For those of you sus people who slid in and asked to see my godly physique, here’s a selfie I took this morning. A true feast for the eyes. Health and physical fitness are essential to being good at options. This is probably why most of WSB cannot trade profitably… you likely suffer from the “redditor physique“
I’m SirYoloGod, a true YOLOer who believes that you can find your own financial independence, no matter how much of an ape you are. Ideally, you aren’t an ape, but in some rare cases, ape mentality can lead to massive wealth.
I started my options journey three years ago. I threw $1k into my Robinhood account (200% of my net worth at the time), and in my first three trades I hit $5k. On my next trade, I decided to buy puts on SPY (spoiler: NEVER buy PUTS, EVER), and my account went to $160. I know, this doesn’t sound good, but it sounds a lot like most of you. However, if you dedicate years to focus and a strict trading mindset, you might become good at options and enjoy a life of riches. I have since traded with that $160 and have grown exponentially, now on a path to $1 Billion.
How do I trade?
I follow a very strict process when trading. It’s only a few rules, and if you can follow a strict formula, it is possible that you could see profits.
SPY only goes up. If you ignore the days where SPY goes down, then it is clear that SPY only goes up.
Puts are stupid. If you buy puts, you are stupid. Why would you want to see the US stock market go down? Like Warren Buffett said, NEVER BET AGAINST AMERICA 🇺🇸🦅💪.
Be apathetic to the value of your money. I view my Robinhood money as fake money (it might be fake and Vlad already stole it from us). I treat trading as a video game, and the number on my screen are my Vlad-Bucks. Think about Fortnite V-Bucks, but the V stands for Vlad.
If you view your Robinhood numbers as Vlad-Bucks, then when you lose all your money you only lost a worthless number and not something that you could have used for something important like a house or food.
Some people think YOLOing is dumb. I think YOLOing is smart. As a millionaire, I think my opinion on the merits of YOLO matters more. Let’s go through a history lesson:
Jeff Bezos quit a Wall Street job and took lol his money and $300k from his parents to make Amazon. The internet barely existed back then, and he wanted to sell books (boring). Now he’s worth $200B+. Jeff is a YOLOer.
Elon sold some maps company that nobody ever heard of and put all that money into Tesla and SpaceX. Elon could have been on a yacht and partying with Jordan Belfort, but instead decided to YOLO his life savings into a rocket and car company. Elon is a YOLOer.
The two richest people in the universe YOLOed and achieved great fortune. I think the evidence is clear that YOLOing is the way to massive wealth.
If you can’t read, here’s a summary:
Never bet against America. Puts are anti-American and have NO place on WSB. I am on a path to $1B through the art of the YOLO, and believe that it is the optimal way forward.
My new quantatitive strategy released in next-weeks WSB exclusive tell-all will detail how I plan to build the most advanced trading platform in the universe. It will exceed Jim Simons 69% yearly returns without a bunch of boring math.
via r/wallstreetbets https://ift.tt/3qhG8Zq
September 11, 2021 at 01:01PM