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With all due respect, IMO you really shouldn't be trading then. Being undercapitalized has to be one of the biggest reasons for failure because even if you have an edge, there is still a large % chance that you will go bankrupt. I would suggest practicing your method(s) to ensure you really...

Actually, 8 losers in a row would result in losing about 57% of your bankroll a la Kelly. Of course, to "invest" in set-ups that use 10% of one's bankroll, one must have the proper risk/reward to warrant such an amount again a la Kelly. Joe.

IMO, it is about finding out your personal risk %. For example, I have no problem risking 10% of my bankroll on some trades/spreads, however I would be (and have been) very nervous when I tried to use 20% of my bankroll for the same trade/spread. And because I was nervous at 20%, without...

I don't know about the Bible but a lot of Floridians are anticrist! Joe.

Frankly I would do both a maternity and a paternity test. Babies have been (accidently) switched before. Joe.

scythe Joe.

Think bookie only with a much larger vig! Of course, I classify options trading as gambling anyway and I treat it as such as I use the same methodology to find profitable options trades as I do sports wagers. Joe.

As has already been mentioned, these odds are wrong. Assuming the lines are for winner of the World Cup (no draw), this house should become very unbalanced as no one with any knowledge of the odds will wager on Netherlands. Knowledgeable bettors would wager on Spain with this house and hedge...

Actually, yes. For those familiar with the Kelly criterion, if you overallocate your bankroll, you can still go bankrupt even if you have an edge. Joe.

I think the pic above is the World Cups. I'm hoping for Ghana to pull off a small upset against Uruguay. Joe.

+1 Here's some of the problem as I see it. First you have many posters that have used a strategy, could not profit from it and then proceed to tell everyone that you can't profit using that strategy. Then you have other posters that may be using a different strategy successfully and that...

:eek: Tastes great! Joe. :)

I think you are joking but when I was in Kentucky some years ago there was a McDonald's that sold Johsonville brats and they were excellent. If they sold them at other McDonald's I might actually go to McDonald's more often. Joe.

The point is that there is no inherent edge to selling ITM call options. Now if you are able to find an edge by analyzing IV, that is a different scenario than the one implied in your original post. Joe.

For the seller to have an edge, you also have to believe that the market consistently misprices options. For an option that has a B/A of 2.95/3.05, the expected value of this option as determined by the market is 3.00. Neither the seller nor the buyer has an inherent edge. Only when you...

You do know that the Lakers are still (slight) favorites to win the Championship. :eek: Joe.

The statement above tells me that you really don't understand options. If there is no spread or commissions, then selecting buys and sells at random will on average produce breakeven results. Random buys and sells are -EV because of spreads and commissions. The "trick" is to find some...

You begin to lose the ability to "see" and/or maintain in your mind several variations of the next 10-15-20 moves. A younger more agile mind will be able to "see" and maintain many more variations and therefore will have an advantage over someone who is not able to "see" and/or maintain as many...

My guess. A cash and a margin account have different requirements. In a cash account, the short position is not covered by the long position. I believe he might in fact have a cash account. It was also mentioned that it was in CDN. If his account was marked to market in USD, a fluctuation...

Did you have a cash or margin account? Joe.