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To the kids out there, this is why you need to stop the selfies and youtube videos of shooting fireworks out of your a@@. The career path you should be heading down is political office. You don't want your competitor pulling the skeletons out of the closet when you run for office. The nicest...

This is the way I would go if you are doing size. If you are trying to mimic long stock/index, you can also buy an atm call and sell an atm put which will be equivalent to 100 shares of SPY give or take. You can manipulate the strikes on the call/puts to create whatever position you want.

I don't understand the difference. Woudn't "feeling the current price" only be beneficial if it is used to predict what is next?

“Millionaires don't use Astrology, billionaires do.” ― J.P. Morgan "By drawing similar pictures, Professor Moddel’s students have seemingly been able to predict stock market changes, an ability he hopes to explore further with this study. More investigation is needed to ensure the successful...

Places like IB, AMTD, etc. don't trade, they are only interested in the risk you have on your positions and how much commissions you are generating.

Can you guys imagine what Karen Supertrader will do once she puts selling daily options in her toolkit? What is a better name than "super"trader, maybe Karen Superdupertrader?

That is an insane amount of neg gamma for what little theta you are earning. That neg delta will go away with a 1sd move down. Unfortunately, the neg vega isn't going to help much with vol this low if we stay here or go up but it will definitely hurt on a vol pop. Have you modeled your...

The thing I can't get is that he has a lot of youtube videos and posts what he claims are actual statements showing that he makes crazy returns. His strategies are very simplified verticals/covered calls/diagonals using moving avg and keltner channels. However, I can't find anyone who has had...

I believe it is $5500 but I am assuming if you asked he would just collect it after your first week of profits.

Chuck Hughes is an 8 time winner and makes triple digit returns annually.....according to his website. Lucky for you, for a generous fee you can become part of his inner circle and trade along with him. Not sure why a guy who makes returns that would put him in the top 1% of 1% of traders...

I will say that I buy a lot of deep otm puts and am happy when they go out worthless. There are other benefits to being net long units on the downside of a portfolio including PM margin control.

I would replace the word stubborness with "discipline" if I were you. Holding losses and hoping is an example of not having "discipline".

That right there provides more helpful info to beginner's than anything the OP has said in this thread so far.

What has this world come to when a married man can't compete online with millions of other horny married men for the chance to hook up with the spambot posing as an interested female on the other end?

Four pages in and three days without any substance is not really "real quick" as the thread title states. Instead of the metaphors and visualization exercises, why not offer something that applies to your stated intention with this thread?

If I had a stick pointed at my head, I would make sure the following never came out of my mouth: "There is no way the market can do (insert thought here)" "This oscillator is overbought/oversold, the market has to turn here" "Selling options is just like being an insurance...

Why else would people learn to trade if not to be profitable??

For the size of SPX, the spread is not bad at all. Add in the weekly expiration cycles out past 40 days, 1256 tax advantage and it is a better product to trade with size vs. SPY. People get hung up on the bid ask vs. SPY and not the actual trade prices.

I would make sure that I had printed out all of the posts by Jack Hershey on this website and take them with me. I may never learn to trade but trying to figure out what he said would keep me occupied until I could get rescued.

This is where you went wrong. You are competing with not only institutions but foreign govts, largest banks in the world, etc.