By Jeff Clark
I was only 19 years old when I made my first options trade.
I had a gut feeling the market would go higher… so I bought four S&P 100 call options at $1.50 – a total investment of $600.
A few hours later, the options were trading at $4.50. I sold and took the $1,200 profit – a 200% gain…
And I was hooked on options forever.
My next trade was in IBM. I bought 10 calls for $1. This time, it took a couple of days to double my money. Next, I bought Digital Equipment put options… which nearly tripled in just a few days.
I made 17 trades during my first six weeks as a trader. Every single one was a winner.
Going 17 for 17 was a remarkable feat for a rookie trader – especially since I wasn’t using any fundamental or technical analysis. I was just going with my gut.
But I was careful not to put more than $1,000 or $2,000 into any single trade. And I still managed to turn my $5,000 brokerage account into $50,000 in just six weeks…