Long options (no spreads). I'm talking betting 30%+ account on one single name lol..with no legit reason. usually 3-6 months out and just watch it bleed to death because I had no idea how important volatility was. Absurd.
Yes most was with options. Huge positions on absolutely ridiculous plays. Had a few home runs but would end up thinking I knew something and get wrecked...I cannot describe how horrible some of these bets were lol I look back and can just shake my head...pure gambling.
Moved to futures and been...
Yea so I don't have an edge and just lose money constantly. Execution is solid, psychology decent, edge is poop.
Looking to just put some cash in longer term spots. VOO will probably get a portion of it but where else should I look? Any book or resource recommendations on liquid allocation? Not...
Lol. The correct analogy here would be comparing a trading contest to a sporting event. And day to day trading to day to day training for athletes. You can take time off from training and come back just as you can with trading in your example.
The only advantage to retail trading is not having...
Casinos are also gambling with their capital even though the odds are in their favor.
Trading is 100% gambling as you are placing a bet on an uncertain outcome.
It cannot be refuted.
Yea the main guy I quoted was handled: "Maverick74" and he was one of the few (probably) legit traders on ET. Back when this thread was active I think the concentration of success here was higher than today.
Entertainment man Entertainment. I like listening to that guy talk that's all. I don't want any advice on how to "get rich quickly" all anyone needs to do that is read 1 al Brooks chapter and subscribe to warrior trading youtube channel. Easy.