EliteOptionsTrader Profile picture
Jun 30 10 tweets 4 min read Read on X
I’ve made $10,000,000+ from trading options.

Most people have no idea how to start and scale their capital.

If I had to start all over with under $1000...

Here’s the ONLY guide I’d follow (anyone can do this): Image
1) What even is an option?

First let’s understand.

An option is just a contract that lets you bet on whether a stock will go up (call) or down (put).

You don’t own the stock, you’re renting it.

And the best part…

You can make money whether the market’s up, down, or sideways.
2) My go-to analogy

Trading options is like putting a down payment on a girl way out of your league.

If she blows up on IG, you’re in early.

If not? You walk away.

All you lost was the price of dinner.

That’s options.

Less commitment. More upside.
3) The 3 things I check before every trade

Every option has:

• Strike price (target)
• Expiration date (deadline)
• Premium (what I pay)

If you don’t understand those 3, you’re not ready to trade.
4) One thing beginners screw up

If you’re just starting, avoid weekly options.

They’re the riskiest plays with the fastest time decay.

I always tell new traders to stick with monthly or longer-dated contracts.

More time = more room to be right.
5) The only tools you need

I started on TD ameritrade web browser:

- Clean

- Simple
- Beginner-friendly.
But when I got serious, I switched to ThinkorSwim and E-Trade Pro.

Start light. Upgrade later. Avoid overload.
6) A trade I’ll never forget

I bought QQQ 425 calls when it bounced off the 2021 highs at $408.

That same week it ran to 440. The calls hit $30+.

Why? I waited for the right level.

Patience is the edge most traders don’t have.
7) My risk rule

Starting out, I never risked more than 5% per trade.

If I had $5k, I only risked $250 max.

After months of wins, I’d take bigger shots… but always with a plan.

No plan = no trade.
8) My final advice

Pick one strategy
Master it
Find a mentor

I wasted years trying to figure it out on my own.

But it doesn’t have to be like that for you.

Here’s why:
I built Elite Options Pro to give you everything I wish I had when I started.

- Real-time alerts
- Community with 7-figure traders
- My 70% Win Rate strategy

For a limited time, you can try it RISK FREE for 2 days.

Use code “SUMMER25 “ FOR 25% OFF YOUR FIRST MONTH
whop.com/elite-options/…

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More from @EliteOptions2

Jun 7
I’ve made over $10M trading options:

It didn’t happen overnight

AND

It didn’t happen by luck

Here are 10 lessons I wish I knew before I started 🧵
1. Simple > Smart

I don’t use indicators.

I don’t need 10 confirmations.

I use:

→ levels
→ patience
→ momentum

That’s it.

Trying to be the smartest guy in the room cost me years.
2. Size like you’re wrong

Every trade I take, I assume it could go to zero:

→ no stop losses
→ no praying

Just position sizing that keeps me calm if it tanks.

Peace of mind is worth more than a big win.
Read 13 tweets
Mar 18, 2024
Here are 10 trading rules that I've been following for the past 13 years that have helped me become a consistent trader 👇🧵
1) Treat trading like a business

- Set realistic goals & expectations
- Respect your cash and account size
- Pay yourself at the end of each week
- The more time you invest in understanding yourself and the market, the higher your chance of achieving consistency in trading
2) Never average down on a losing position

- If a trade is going to work, there’s no need to buy more
- Averaging down may work 50% of the time, but one day you may avg down too much and blow your account
- Focus on high-quality trades and following your rules
Read 11 tweets
Jan 6, 2023
There's many different ways to make money trading options. I'm going to explain my journey on how I grew my account big enough to generate at least $100,000 each month 💡
When I first started trading, I had to wait weeks at a time for high probability trade setups that had the potential to move at least 5-10x. This helped grow a 4 figure account to 5 figures and eventually 6 figures within the first 2 years.
After trial and error and backtesting many different strategies I learned that less is more. There's no need for ten different indicators to see the direction of the market. In simple terms, the market moves either up, down, or sideways. It's your job to identify the trend.
Read 6 tweets
Jan 5, 2023
Thinking of quitting trading after 6 months?
 
Read this first 🧵
I’ve been in thousands of losing trades and had sleepless nights, but I never gave up.
 
Here’s what I learned to help me continue trading and become the successful trader I am today… 🧵👇
Trading is a lifelong journey. You must accept you will not get rich overnight. You have to learn to survive.
 
In order to survive, you have to be willing to learn. Learn price action, learn risk management, learn about your mindset, and most importantly learn from your mistakes
Read 8 tweets
Aug 18, 2022
Here are 10 trading rules that I've been following for the past 12 years that have helped me become a consistent trader 👇🧵
1) Treat trading like a business

- Set realistic goals & expectations
- Respect your cash and account size
- Pay yourself at the end of each week
- The more time you invest in understanding yourself and the market, the higher chance of achieving consistency in trading
2) Never average down on a losing position

- If a trade is going to work, there’s no need to buy more
- Averaging down may work 50% of the time, but one day you may avg down too much and blow your account
- Focus on high-quality trades and following your rules
Read 11 tweets
Jul 6, 2022
Key Components of a Trading Journal 📈📝

Here are 6 things I put/write in my trading journal that has helped me become a Consistent Trader over the past 12 years
1) Date/time/ticker

It’s important to know which tickers and time of day you perform best in and trade within that window of time. It’s also important to focus on trading a core group of tickers rather than trading 20-30 names per month.

Less is more.
2) Confidence (1-5)

How confident was I in this trade setup? Rank it 1-5

Does my confidence level align with the outcome of the trade?

Higher conviction trades should produce positive outcomes. If this is not the case, then consider adjusting your strategy going forward.
Read 8 tweets

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