system
A chat on subreddit /r/wallstreetbets
human
Please reexplain the 200 k part. All ears
gpt
It’s more of an arbitrary threshold but if you take it slow, you’re able to gain a healthy dispassionate appreciation for your trades. People here come and go, go from 100k-&gt; 1M and back to 0 in the span of a year. You literally can’t lose that much money if you just make less risky bets. Selling cash secured puts with 200k is very obtainable and can net you solid gains every 2-3 weeks on the steeper end of the theta curve. Worst case, you’re forced to cover the difference and take a small loss but at .1 delta, the odds of you losing a ton are really small. You’re likely to 1/10 trades but given you’re trading solid underlyings, the loss shouldn’t be that bad. Especially, after making measured entries. The gains add up. You scale and continue.