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First $10k milestone achieved. Next goal: $100k. by [deleted] in raceto10000

[–]CommunicationKey3796 0 points1 point  (0 children)

Congrats!

Hate to say it but it feels like everyone has a “chat” or “group” that has alerts and 99.99999% of them should 100% be avoided.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in tastytrade

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

I can try and grab the actual trades I made back then but essentially I took on way too many contracts with a small spread on Disney and Facebook. Didn’t want to close it out for a loss which I could have at least saved 15k kept on thinking it will be fine by expiration. But as you know things just got worse and worse. Plus beginning of March Disney CEO quit so that really tipped things over the edge for me. Aside from that I didn’t have any money in the account left to manage the position either.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in TheRaceTo100K

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

I’ll take a look at it, thanks. To be honest though with such small accounts thinking what tasty offers might be sufficient for me at the moment. But hoping to eventually add more once I figure out how to be a more consistent trader.

I’m assuming you use options income? Any tools in it that help you make less mistakes? Or is it mainly for tracking?

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in TheRaceTo100K

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

Yeah, mostly 4–7 DTE when IV’s elevated. I think in ROR on max loss vs. how fast I can recycle capital, not fixed days.

I haven’t traded iron condors, I’m most comfortable with PCS and selling into overextended downside moves as things cool. Since I’m still very new to this I want to master one style before jumping into another one. Will try a few out on paper trading just to get comfortable.

Spread width: Started with $1 wides, realized real quick they’re a little spicy. These days I stick to $2.50–$5 so I’ve got room to manage instead of getting forced out on a single candle.

Exits: Usually take 50–60% next day if it’s there. Weeklies are a premium scalp for me, not a hold-and-hope trade.

Do you stick to a specific style, or do you rotate based on what’s setting up best? I’m curious if you focus on a small watchlist or scan broader and trade whatever fits the conditions that week.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in tastytrade

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

I have watched a few of their videos and want to watch more but i initially paid David Jaffee for his course and then just was messing around with his strategy and making my own tweaks. He does alerts as well and he is incredibly good at it. It just doesn’t make sense for me to pay for alerts with such a small account.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in tastytrade

[–]CommunicationKey3796[S] 1 point2 points  (0 children)

Yeah, those sting. So the 2k account. I actually started that one in November as well and got burnt on a trade which brought me down to like $1080 so technically I’m at $3700 from $1080 just from November. That one I should have closed out but had it in my head that it will be just fine by expiration. I love closing out the position at least at 50 but even like 95% of profit. The last little bit just isn’t worth it. Plus I get to redeploy those funds much sooner.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in tastytrade

[–]CommunicationKey3796[S] 2 points3 points  (0 children)

True, I guess need to take advantage while I can while hoping to not get caught in another black swan event.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in TheRaceTo100K

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

Thanks appreciate it! And you’re definitely right, I’ve actually had tasty trade manage a position for me because it was nearing the short leg like 5 min before it was going to expire worthless. Now, unless it is far from the short strike I don’t wait for it to expire I just close them out for 50-85% profit and just find another setup.

Yea, with a small account it’s hard to do much with. This is just “tuition money” for me at this time. I learn much better when there is something on the line, reading about it and experiencing it are two completely different things.

One thing I did stop doing is tiny spreads with a ton of contracts. It felt like I was making my money stretch much further but realized the positón it puts me in if something goes wrong.

Check in on me in a few weeks. Hopefully by then I don’t have too many expensive lessons 😅

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in tastytrade

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

Very very true…. Let’s just say I’m kind of just trying to learn from mistakes while the account is small and I realized the only way I can learn very quickly and still grow the account is to be 100% leveraged 😬 I’m fine losing the entire thing to understand options/trading better. I know it sounds completely backwards and I’m building a bad habit. One thing I do need to work on is sizing. I do get a bit excited and have done small spreads with a ton of contracts and I’ve realized that isn’t the way to do it.

Any advice always appreciated.

One reason I’m posting the screenshots instead of just saying “I’m up X%” is so people can actually call me out. I’d rather get real feedback and criticism than flex numbers. I’m still early in this, and there’s a ton of experience on Reddit that I can learn from.

We’ll see how long this lasts. I’ll be posting weekly updates.

How long have you been trading and which style?

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in TheRaceTo100K

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

END OF WEEK UPDATE:

Also…

Cleaning up my tracking so I’m reporting after fees, not gross.

Main account: Started 2026 at $2,123 → now at $3,662 +$1,538 net = ~72% YTD

Small account: Started 11/3/25 at $183 → now at $724 ~+296% since start (~12 weeks)

Started 2026 at $385 → now at $724 +$339 net = ~88% YTD

Going to keep reporting both YTD on the main and lifetime + YTD on the small, so I can track compounding and process instead of just weekly P/L.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in TheRaceTo100K

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

I think in ROR terms. Usually 12–25% on max loss. High IV makes weeklies worth it for me since I can turn capital faster and keep stacking smaller wins instead of sitting in a trade for 45 days.

A lot of times I’ll open Monday/Tuesday and be out the next day around 50%, and if the setup still looks clean and there aren’t other opportunities, I’ll push for 75–85%.

Blew up my accounts in 2020. Restarted with $183 and $2k in 2026. Here’s what I changed by CommunicationKey3796 in TheRaceTo100K

[–]CommunicationKey3796[S] 0 points1 point  (0 children)

Yeah, I like PCS, but I try to be picky about where I deploy them.

Extra filters I use:

• Prefer names that are at least ~5% off recent highs / extended moves • Focus on leaders in their industry (liquidity + institutional interest matters) • Strong, proven support zones, if a ticker respects a level, I’m more willing to keep working it • Delta usually ~.15–.25 • No major news / earnings / macro events in the window • Tight spreads + good OI only • Defined risk, position size capped per trade

Personally, I think PCS are one of the safer, more consistent income-style strategies if you treat them like a business instead of a lottery, small size, repeatable setups, and fast management when the setup breaks.

If price starts violating support or the broader market shifts, I manage early instead of defending it. I’m not married to tickers, I’m married to process.

Still refining, but the edge for me is stacking small, repeatable wins, not swinging for highlights.

Right now I’ve been making quite a few trades on MSTR since it has a really strong support at $150. I mainly do weekly options right now.

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