It is like asking "is it even worth to learn how to be a great writer". Many strive to, very few achieve though paradoxically everybody nowadays knows how to read and write. There is a universe between knowing how to write and becoming a great writer.
Trading options for profit is extremely difficult compared to stocks or futures. It is a "quantum physics" of trading. I consider profitable option traders to be elite of the elite. Just my 2 cents
Being consistent with 500:1 leverage... Yeah, sure. Happens all the time. And the thing is - some on ELITEtrader happen to believe it. Amazing! Probably just another "trader" who blew 10 accounts trading FX. Boring. He says he is not selling anything - in fact he does - he sells his BS here...
Larry Williams did it once in 1987 winning "World Trading Championship". He started with 10K, made 11300% in a year trading futures. It can be done with highly leveraged products as futures or options. It is insane but possible and as far as I know it nobody bested him since 1987. One has to be...
Couldn't read past page 8 or 9. Sorry. Gambling/not gambling - in the end it is all about semantics. Moreover the answer to this question is irrelevant to one's profitability. Questions like this have zero value as well as there is zero philosophy in trading. Some users here have so much energy...
Well, if 300K USD is play money for you - maybe you can keep playing. I once saw someone named "Lady Marmelade" who had lost 8 million USD a year being the biggest loser there was on Pokerstars. Was wondering who could that be maybe Paris Hilton who knows.
Everybody can learn risk management but...
Damn,
>2016-Nov-08 53,207.93
2016-Nov-09 89,054.65
>2017-Mar-07 334,748.06
2017-Mar-08 242,401.32
Take whatever's left and RUN!!! This is not trading. This type of gains can ruin your life for years. Absolutely no risk management whatsoever. Amazing. And you probably think you are Larry...