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rylar t1_j2aie4w wrote

the quickest way is to just set a pile of cash on fire. don’t even need an app.

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NotARedditUser3 t1_j2aih3f wrote

M8, don't dabble in that stuff at your age. Put together a ledger of things you WOULD have gambled on, and when you would have got out, over 6 months or so.... Develop a lot of strategy before you get in because you may actually need that money at some point.

Maybe invest in some stocks if you see some opportunities (something hits 52 week low / all time low, sure grab a few shares and go long), but I garuntee you don't have the heart and the diamond hands to see your balance down 60%+ and keep waiting for it to reach expiry where it'll actually be profitable.

If you do go forward - SET YOUR POSITIONS AND DON'T LOOK AT THEM UNTIL THE TIME IS DONE. You'll kill yourself watching the balances day by day fretting over whether you've made money or not.

I live off of my options returns and I set them up for month long expirations, set them up and then ignore them until it's time, so I don't stress.

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[deleted] OP t1_j2aiwzi wrote

[deleted]

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NotARedditUser3 t1_j2ajer2 wrote

There is nothing fun about stocks or options.

If it's becoming 'fun' or is being presented as such, you need to seek help for gambling addiction before you lose 60k/400k you don't even have and go bankrupt.

There is only subtle pride at a job well done when diamond-handing your way to better-than-market returns.

But in the end, all odds are stacked against you. The stock market is no joke and you should NOT be in it for funsies.

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VisualMod t1_j2ahrlt wrote

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VisualMod t1_j2ahs77 wrote

>There are many options available for purchasing options, depending on your location and age. Some popular brokers that offer options trading include Robinhood, TD Ameritrade, E*TRADE, and Charles Schwab. You can also find numerous online brokerages that offer options trading services.

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JellyDenizen t1_j2ai8bw wrote

I'm not sure about Europe but in the U.S. you wouldn't be permitted to open any kind of trading account yourself if you were a minor.

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kugelblitz_100 t1_j2aio0q wrote

I'd suggest logging off the Internet, going to a quiet place in nature, and silently pondering why you, a child, are asking complete strangers on a gambling social media site where to spend your money.

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yedolym t1_j2aiu66 wrote

Local liquor store

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Tsra1 t1_j2amgq5 wrote

Do not pass go.

1