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correct about NJ incorrect about the 6k.

If he hadn’t squandered the 6 months lead time he got on Covid, his jobs record would have been a lot better. But that’s his fault for being a terrible CEO of America.

In America, for a non-professional trader, this is not a complicated issue. Ignore @Overnight, he's only good for posting music videos. You can deduct losses up to your gains + 3,000. The rest is carried forward to the next year and is applied as loss for that year for the same calculation...

Many traders divorce their pnl from the pain in society. Even when they are the cause of it: "Grandma Millie." or if they are a bystander who profited: "I made my bonus shorting your house."...

thats a good point. Fixed premium can mean a lot of things. If you are long the body of a fly and short really wide wings, then technically it’s fixed premium but practically it’s a naked straddle.

I would say no because i The trade no longer becomes defined risk. But I still do it all the time.

got enough money from the tip jar that you can trade again?

robinhood is growing like mad. who doesn’t want to see virtual confetti everything they make a trade in their child’s college fund?

nothing to be ashamed about your previous posts.

the 135/136 has an EV of -.08 = (.24*-.84)+(.76*+.16) so you wouldn't want to do that trade.

you accused him of being a liar. I said he wasn’t and that he was so honest about things that others could learn from him. And what’s the purpose of your righteous remark at the end when you have only contributed 200 posts and the last two actually diverted from the point of the OP’s post.

commissions shouldn’t be a reason to switch asset classes.

he’s been on this board for like 6 years and he’s been nothing but candid about his successes and failures. frankly anyone who is young (<20) should read his post history before determining if they should try to make a career out of trading.

You should convert each trade into an expected value: prob of loss*$loss + prob of earning * $gain. And then pick the one that’s higher.

neogene is a moron. Put him on ignore. if you are short otm puts naked into an event like March, several things fuck you: 1. the spot drops so your sensitivity to further movements increases (your delta and gamma go up) 2. Implied vols go up a lot, so your marks move further against you. (And...

I know people who invested in Coinbase pre-ipo. Even they said the valuation was stupid.

Can we agree to agree you have no clue what you are talking about? This stuff is like chapter 2 of an options book.

true. The town near me (in New England) has become popular for Bitcoin mining and for canibus growing because electricity is so cheap by mandate of the power company.

or all those cloud computing servers that reside in CA. what’s google’s Mountain View electricity bill?

I'll tell you how i would select a trading education service: 1. They are offering knowledge in a market and/or risk factor I want to learn. 2. They have extensive experience on the buyside and/or on the sellside with that market or riskfactor. 3. They have an ability to communicate and jives...