Do you all think it’s possible to really make a living solely from options trading, or is that mostly a myth? I know a few people who claim they do, but I feel like they’re probably leaving out a lot of the risks and losses.

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I definitely think it's possible but the odds are slim. It's like is it possible to make a living from being a Twitch Streamer? Yes, for a very small group of people. I guess you'll never know until you give it your all, but I don't consider it a really viable path for myself

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If you're smart and disciplined, it's certainly possible. If you get your trading advice from r/wallstreetbets and are only interested in 1000% returns, probably not.

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It's like your best friend telling you he won $2,000 on a slot machine last night, but leaving out the fact that he walked in the casino with $10,000 in his pocket and walked out with $10. Gamblers only remember the wins. That's why they keep gambling.

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What does an investment analyst do?

funny

Yeah. If you have a couple million dollar base.

Don’t bet your livelihood on consistently achieving 25%+ returns in the market.

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Also depends upon base pool of money and how much risk you take

I personally trade options for weekend spending money when I have a high conviction on something. I’m currently looking at NU calls.

If you have millions in stock, you could make a living on covered calls/wheel strategy. Which is low/no risk.

Straddle can work sometimes too, to reduce risk.

Regular ol’ speculative calls and puts? Incredibly difficult and risky to be consistent, takes a lot of discipline, experience, and luck. For most the house wins in the end.

Straddles to reduce risk? Would love to hear more.

A month ago I found out my husband blew our hard earned life savings of over $1m (including rainy day fund) in options trading the last few years. He even gave himself a cardiac arrest. True story. Risk management clearly is not his strong suit.
Don’t ruin your life chasing gains, protect your assets and your marriage and play with only a specific amount.

Just sell RGTI puts all day.

I only do options for a living. I still have habits that I like to do to entertain the mindset.

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