Emotional Investor
10-26

Since I joined tiger about 7 months ago I've turned just over $5000 usd into over $12000 usd. Does that make me happy? Heck yes. Faced with a total investment portfolio of about $35000 and less than 11 years til retirement, my predominately dividend based Portfolio is realistically not going to give me a comfortable retirement. So I felt better to burn out than fade away. I either take much greater risk and loose it all, or make a fortune.

Hence I joined tiger to learn options trading. Granted, I've only deployed 5 of the 35k I have into options on high growth potential stocks but it's going rather well so far. And as options trades go in the money I do redeploy some of the profits excising the options for less risky stock, and also increase positions in more predictable dividend stocks to increase predictable monthly cash inflows from dividends.

Actually I'm now in the position that all my options trades are done with profit, so I'm playing with the houses money. By the end of next year my goal is my tiger account to be worth $100,000 and I'm only buying options in stock that I truely believe have massive growth potential, like $Rocket Lab USA, Inc.(RKLB)$  $SoFi Technologies Inc.(SOFI)$  and $NVIDIA Corp(NVDA)$. Also brought some calls in $NEP 20260116 17.5 CALL$ this week because I just believe it got seriously over punished. Not so bullish on those trades though, because I don't think they will go crazy, but it gives me a nice entry point to excise them by 2026 and lock in a nice price point for a small deposit now, we shall see in time.

@TigerWire @Tiger_chat @TigerStars @TigerPicks  @Daily_Discussion  

But more money is definitely making me happy. But if I really think about it, it's not really about the money. It's actually about the fact that I have devoted a ton of time to working out a strategy to make money, and that strategy is working so far. I've always been more impressed with myself when I learn a new skill, apply it and it works. Usually that leads to financial gain too, but not alway.

But if next year I can turn $10,000 into $100,000. Well that will be a huge success. I just need to stay the course, adjust the course if the wind changes direction, and most importantly, keep learning.

Does Money Really Buy Happiness?
As $Tesla Motors(TSLA)$ 21% yesterday, Elon Musk’s personal wealth surged by $33.5 billion in a single day, further solidifying his position as the world’s richest person. Some people say that money can solve 90% of the world’s problems. For most people, earning enough money is an important life goal. But there are also many wealthy individuals who experience a higher threshold for happiness after achieving financial freedom, sometimes leading to depression. What do you think about the relationship between money and happiness? Has Musk’s wealth made his life less stressful?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Emotional Investor
    10-29
    Emotional Investor
    For $6 Definitely, so I basically brought call options on stock i owned. As the price went up i sold my stock, lets keep it simple. Brought the stock at $5, brought and option at $1 with an excise of $5. The stock went to $10, so i sell the stock for $10, the excise the option and but it back
  • Tiger_comments
    10-29
    Tiger_comments

    Would you like to introduce more about how you manage to grow $5000 to $12000 📈 on Tiger? ! Me and other tigers are glad to hear🌟🌟

  • Emotional Investor
    10-29
    Emotional Investor
    But you have to really understand the stock and know it’s undervalued the trades are the easy bit. Understanding that its undervalued means nothing until the market figures it out. I sit on my trades for months at a time. For 3 months i was going nowhere , then the market caught up and bang, huge profits
  • CaesarHicks
    10-29
    CaesarHicks
    That's amazing progress
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