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"I don't really see experienced options traders make blanket statements about absolute percentages and levels." In most cases I'd agree with that, but in THIS case, of course 15% OTM is a blanket statement horrible, how could it not be? - You'll get about 4% annualized when stocks go up in...

Selling 15% out of the money is like I said, picking up pennies in front of a steam roller. While it's true that you can make your measly 4% annualized by doing this strategy, as long as stocks are staying stable it will work and you'll get that super low return you seem to want, but that does...

I did quote you as if you said it, because you did :) "However, selling naked puts under the expectation that I'm willing to buy that stock today at that price in the future, is a terrible way to trade,unless you are a firm accumulating a large position and not a trader. I'll give you a...

"Are you some kind of psychic ?" No, just a real trader with decades of experience managing millions of dollars of OPM. People who talk about max pain points at the literal break even zero barrier in my opinion are brand new to the trading world and haven't experienced events that test a...

@rmorse "I feel that a stock trading at 100 is a great buy at 85, 15% lower." I think that's the problem right there. The premium available for the strategy at 15% OTM is VERY low, likely not even enough to cover the transaction costs. So it's not surprising that you don't like the...

If you're willing to hold a stock through a major drawdown, say 1 year or longer, then yeah it's a great strategy. If you're not willing to hold when you get stuck with a dud stock, then this strategy could be compared to picking up pennies in front of a steam roller. Not smart...

"You cant say its too risky without knowing his logic" I can't speak on why you can't, but I certainly can. Anybody who has to cash out the value of their house to raise money doesn't have any free capital to begin with. If his financial situation was better, he would not need to extract cash...

A few problems with that: First, your "backtested" results are not that special to be honest. If I had a nickel for every backtest that showed 2 or 3 times the returns of the S&P I'd be a millionaire. The problem is once you start live trading them, 99% of the time they don't work out that...

"Disagree completely with the above. I did something similar. I could have paid cash for house a few years ago but given the low stock valuations at that time, high yield dividends (5%ish) and low interest rate on mortgage (1% ish) it looked a great opportunity to buy stocks and take mortgage."...

Showing a good track record is just part of it. The more important aspect is showing that your results have a reasonable chance of sustaining themselves into the future. There's so many people out there right now with "systems" that are making great returns, but the vast majority of them are...

You're right investing takes time and patience, but it's flat out gross negligence to mortgage a house and use the money to buy a 2 x ETF. I don't care how sure you are that it's going to work, or how beaten down you think the markets are, that is always a terrible mistake. Sometimes good...

Yeah I'd say that qualifies as making a killing. Assuming his house was worth say 500k, he would have turned his 375k stock portion into just over 2 million not including re-invested dividends. More proof that sometimes the dumber the trader the more money they make. Who the hell mortgages...

You're going to need to give more information. I can't figure out why a "trader" as you say would be learning your strategy. What about just not telling people? Are you giving signals to another trader to execute them for you? Why would you do that? Or do you mean you are operating a...

So not only are you comically inexperienced in trading but you're also a faberge egg when it comes to criticism. I was simply trying to save you 25k, but you seem hell bent to blow it so be my guest. You're far from the first guy on this forum who talks about prop firms and investors without...

Yeah because we all know that most of the great fund managers got their start by asking silly questions on chat forums... The answer to your question is OBVIOUS ! Here's what matters to investors: 1) Annualized rate of return (2 years is the absolute minimum, with 5+ years preferred)...

They aren't insults, they are for your own good. Sometimes a good kick in the ass is what people need to wake up and see the truth. It should be starring you in the face, but the fact that it's not is the reason I said something. If you have to ask these types of questions on a chat forum...

Oh man, the old zero sum game argument again? Haven't you ever at any point in your life asked yourself: "why do markets go up over time?" After dividends and inflation, they still go up over time. Interesting no? I wish that term zero sum game for trading would die a very public and...

"In one year, I'll get about 30 trades for one instrument. - Those 30 trades will produce on average a 100% return with 25% drawdown. - By cutting size in half, it becomes 50% return, with 12.5% drawdown, - By cutting size by four, it becomes 25% return with 6.25% drawdown." Sorry to be so...

That quote is quite negative and will naturally receive a lot of argument, but it's not far off the truth. You'd first have to define "modest means" though because if you mean 10,000$ then of course there's no way you could skim profits off such a tiny amount. If "modest" means 100,000, or...

If you really want a specific answer, you'll have to provide specific information. Why not just give the stock, the shares you own, the calls you sold, the expiries and premiums, and let people take a detailed look at it. You'll also have to include your long term goals for the trade when you...