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IMO there is no safe way to trade options. There is no safe way to buy options. There is no safe way to sell options. There is no safe way to buy or sell options spreads. No matter which game you play you have to guess 3 separate things correctly; direction, distance, and duration (time)...

If you read the Market Wizards books you would know that answer to that.

Whatever.

They are predators because they don't teach people how to make money. They teach people how to gamble. They gloss over the risks and act as if buying spreads is a limited risk enterprise when nothing could be further from the truth. All you have to do is buy too many spreads and you can be...

We can agree to disagree. I don't see them as 'trailblazers'. I see them as predators. They aren't helping anyone IMO. They are putting ignorant people at risk. Karen the 'supertrader' almost got wiped out buying option spreads (and nearly lost all of her clients' money) and she's supposed to be...

Ameritrade gives Tastytrade a fee (a kickback) every time a Tasteytrade client places a trade through Dough.

Theoretically a few spreads can't hurt you, but that's not how people trade. They buy way too many spreads. If you take on too many spreads and get hit hard by a big move, you can blow out your account to absolute zero.

Options spreads carry enormous risk that most people are not willing to admit to. It's not much safer than selling naked calls. Even Karen the 'supertrader' admitted that she was so worried one time she was ready to pack her bags and flee to Mexico to avoid retribution from her clients...

I don't trust Tom Sosnoff and I don't want to give him my business. Why? The first big, read flag for me is that people frequently speak about how Tom made 600 million selling Thinkorswim to Ameritrade. They say this right in front of him. But that is not true, and he makes no effort to correct...

Trading does not pay well for 99% of traders. Quite the opposite. The odds are against you. I would choose something else. And 99% of the traders who say they do make money trading have selective memory and do not 'count' their former massive losses because they don't 'trade like that anymore'.

One man's advice: 1. I have met very few traders who can be profitable trading manually. 2. With this in mind, I recommend developing an automated system, purchasing an automated system, or giving your money to a hedge fund. 3. If you develop or purchase an automated system and you cannot be at...

The time to worry is well in advance of danger so that you can plan for it and avoid the danger when it arrives. A thoughtful trader might decide not to waste the next 3-5 years developing a HFT system that might be obsolete by go live. He might choose to develop a different kind of trading...

It's difficult to say until the tax happens. Exactly what they might tax, who, and how much is up in the air. There may be a way to trade around the issue. Frequent trading may no longer be profitable for example, but infrequent trading may still be profitable. Many of the most successful hedge...

My guess is that the tax will happen. The general public hates traders and thinks people who speculate are worthless and evil. The government thinks trading (like poker) is a complete waste of the work force. The big rub is that large institutional traders will probably get to skirt such a tax...

I guess you never saw 'Rounders'.

He taught himself programming after work and coded his own automated trading system. The system was capable of trading during the day while he was at work.

Another huge difference between poker players and traders is that the very best poker player in the world may occasionally make several million dollars in one year... but the very best trader in the world can consistently make billions of dollars a year. That is a vast ocean of difference. There...

And yet you are out begging for money.

One of the biggest differences between trading and poker is the number of players allowed. In trading the number of players allowed in incredibly vast. There are so many traders that trading allows for far more winners than poker. Often in poker there will be only one winner per game. Often in...

Everyone talks about HFT and algorithmic trading like they are a same thing... but that is not even remotely true. Most automated algorithmic trading systems are NOT high frequency. Many are actually very low frequency.