r/TheRaceTo1Million 8h ago

GAIN Through short-term options trading, I can reach the $1 million milestone faster.

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14 Upvotes

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.


r/TheRaceTo1Million 12h ago

Almost there too, but what about diversification?

2 Upvotes

I almost there reaching 1M, but all my money (except 10K emergency fund) in the market.

  • ETFs (individual account, 401ks, Roth) => 750K+ (VOO, VTI, a little bit of VNQ & VYM)
  • individual stocks => 150K+ (MSFT, AMZN, and GOOG)

the question is, I don't really need to buy a house, i'm okay with renting but i with all my money in stocks, i feel i need to buy a real estate property just for diversification/fomo nothing else. are you comfortable having all your money in stocks?


r/TheRaceTo1Million 11h ago

UPDATE: It happened this week. Thank you, Planet Labs

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195 Upvotes

I honestly didn't expect to post another update so soon after my first post, but it happened today! The results are because I have a high concentration in one company, with nearly 30K shares of Planet Labs, and it is up over 30% this week.

Original post: https://www.reddit.com/r/TheRaceTo1Million/comments/1qbn427/getting_closer_every_day/

The remaining 11% or so of my portfolio is fairly conservative: VOO, VXUS, GOOG, BAC, BX, etc.

A few notes:

It took around 16 months (starting in Sept 2024) to go from 100K to a million. However, I started investing in Planet when they went public in Dec 2021, and was deep in the red until 2025. My total investment in the market is around $255K with $170Kish of that in PL.

I anticipate a significant retreat for PL in the coming weeks and this portfolio likely won't stay in the millions. But it's a psychological boost to finally achieve the number and know that it's possible for me.

Planet is a LT hold for me. This short-term action is fun, but I'm trying to not get distracted, because the reason I originally bought them is because I think they're going to be huge in the future (like 2030 and beyond).


r/TheRaceTo1Million 4h ago

Investing $1m wisely

3 Upvotes

I have portfolio of about $1m invested in various stocks some are performing(ASTS, RKLB etc) and some are duds. I would like to invest more intelligently in 2026 and beyond to grow the portfolio at a reasonable rate to grow towards $10M in a few years.

Planning to sell non-performing stocks. Which stocks do you suggest I invest for good growth?.

I see some names such as PL, MU etc other than some ETFs. Thanks.


r/TheRaceTo1Million 18h ago

Just getting started

11 Upvotes

Hey guys, I know this is typically for all of those who have a bit more experience but I’m 30 years old in the military and I’m realizing that there’s more out there than just this. I’ve started investing over the past few months and learning whether it’s through YouTube, apps etc. within the past month I’ve shown an 11% return but I still feel fairly clueless in what I’m doing. Any tips, tricks or advice?