Partner lost $50k trading options worth continuing to pursue?

[+73] u/Simalt443: Tell him to open a paper account (fake money) and prove to you that he can make money doing it before he gets your support. Why in the world would he go back if he proved that he doesn’t know how to make money. [+50] u/roooondayne: “I personally don’t know much about day trading or options.” Neither does your partner. [+17] u/Akragon: If you don't know "exactly" what you're doing with options its best to avoid them. [+16] u/Cerael: If they lost 50k they aren’t good enough at option trading to make a consistent profit. 99.9% of people aren’t, but only the most degenerate addicts continue after they know they aren’t. There are periods where option trading is easier to make consistent profits with. Now is not one of those times. [+13] u/melonpan30: Fuck no, he needs therapy for a gambling addiction. [+10] u/gryffon5147: What is their approximately net worth/income? There's losing $50K when they only have $50K, and $50K when they're a millionaire. It's not a good sign - usually screams red flags. I wouldn't necessarily believe that they've only lost $50K. Generally, no, it's absolutely not a guaranteed success. [+6] u/billzebub251: Sell covered calls or cash secured puts and collect premium from those traders who buy options.