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There is no rule based trading system that is sustainable over time. The only system that can make money is one where you never realize any losses.

When I was buying my 2008 Lambo they didn't ask me if I had an edge lol they asked asked if I had money. Selling options and buying options are completely different. The fact you guys don't realize that probably explains why you don't have Lambos. For example, if you sell a put option you make...

It's the same thing...if you have more chance of becoming profitable then you have more of an edge. :)

I was just correcting your statement that there is no inherent edge to buying options versus selling them. There is a huge advantage to selling them.

Yes there is lol... buying you have premium and time decay working against you.

Up 500 USD...dogecoin tracking about .078 at 41k, .086 at 51k, .098 at 61k. That kinda sucks considering last time bitcoin was at this price doge was at .18. If 60k is target for bitcoin before a correction then should be pulling about a 2k profit...probably sell off there and re-enter around...

No, you should be sleeping not watching.

Alright I'm up $200 USD...hey I bet all those stop loss guys would have closed the position yesterday when it was -$80...and then jumped back in today and pay more than what they had originally paid lol...but they are traders right? You guys know what my stop loss level is? It's the liquidation...

Exactly, but in a 2008 Lambo. :)

Thats because retail try to profit buying calls and puts. It's unsustainable because you have slippage, premium ,fees and time decay working against you every trade. The 10% that are successful (wherever that number comes from) don't do it buying options. Buying options is for protection not for...

Patience grasshopper...the answer you seek is within these walls.

Yeah because I schooled them on options...jk yeah they know their stuff when it comes to vols but that ain't going to get you 2008 Lambo money. Stocks are the one thing where you don't have to be a professional to beat professionals. My very first trade I bought 5000 shares thinking it was $5000...

I don't think so, because it is hasn't been correlating since January last year, and it hasn't been down there since October lows before the bitcoin uptrend started...I mean technically the uptrend started in Jan 2023, but the most recent breakout. Last time it joined the rally late only after...

There you have it...“the most important and difficult job is never to find the right answer; it is to find the right question”...

Ok why don't you put a stop loss on your house? Set a smart contract up to sell it if the price drops 5% lol yes that's how stupid stop losses are. You guys have been completely hoodwinked into thinking stop losses are there to stop YOU from losing money when all they are for is to create...

That is the worst advice ever. Cutting losses is realizing losses versus using the opportunity to lower your break even and maximize gains. You guys aren't driving Lambos because you are thinking like retail bitches. You think I was selling Bitcoin when it dropped to 3k? Lol no I was loading up...

Why would you sell at the bottom lol? I wouldn't do this with my entire portfolio if I needed money from it daily...I would sell premium. Agreed. Diversification is for suckers...unless selling off the winners and bottom feeding but then it's just swing trading.

Not at the expense of long term gains. Losses are just another buying opportunity. You guys have been bamboozled to believe otherwise. Again I feel I need to mention this is indexes or ETFs unless scaled down.

Ahem...20% ROI. I would rather take a huge paper loss and average down than take numerous small realized losses every time the candle dips and stops me out before a big move up lol. Trading or investing I am not using stops...I have run the numbers and they are deleterious to profits. Stops do...

Stops? How would your stop loss help you on a day like today if you're long? Or a gap up AH on your short? Stops are a wot. Exactly, time is money and in my scenario you get a 20% ROI IN THE WORST CASE SCENARIO for just averaging down and waiting. Why would I want to close that to go chasing...