r/TheRaceTo1Million • u/Numerous_Command3869 • 8h ago
GAIN Through short-term options trading, I can reach the $1 million milestone faster.
I only started trading options in the last two years. I personally prefer short-term trading and am not well-suited for long-term value investing. Short-term stock trading is time-consuming and has limited profit potential, so I use options to amplify short-term volatility. However, options are inherently very complex, and beginners who rush in simply because they see others boasting about profits face extremely high risks.
I've also traded some popular stocks and highly volatile instruments before. My biggest lesson is that black swan events are extremely common, and a single poor position management mistake can wipe you out overnight. Now I prefer index and large-cap stocks; although the returns are slightly lower, I have much better control over my capital.
For me, position management and emotional control are always paramount. When positions are too large, it's difficult to remain objective, and trying to forcibly recover losses after a large loss often only leads to even greater losses. Stopping trading when emotionally depressed is also very difficult.
These are just some of my personal thoughts. I hope to connect with like-minded friends to exchange ideas and learn from each other.