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[Yawwwwn] Tell me again how your country is more successful than the US? I call bullshit. Name one where it's banned. Links to the actual, current government documentation, please. Fanatical beliefs and moronic opinion sites don't count.

Nope. You have heard of the wheel strategy, right? Also, there are often assignment costs - so it's never quite all that smooth or simple. Each side has pros and cons; again, if there was a definable benefit to one vs. the other, it would be essentially instantly arbitraged away by large...

Once you've got somebody making claims about "processed", Yellow #5, and "microwave", you're off into faith-based arguments. Next thing you know, you've got "proof" from whale.to and the like. Probably better off letting this one go.

"From $20.20 to $2020k", maybe? Don't bet against him. :)

And this is why options are not something you should play with unless you do some research first. Covered calls have the same risk profile as naked puts - meaning that you stand to lose the same amount of money on both. Look up put/call parity... or simply consider the amount of loss if SLV...

Along with the previous theme, here's a torch song from Kirsty McColl:

$141.44 ROKU 191122P120 -$0.40 $45.00 Out with a small profit. What an amazing adventure. :) ROKU's been quite the education. Longest trade I've been in yet, just a bit short of two months, and a wrestling match all the way. I can tell that I'm going to need a few repeats to really lock these...

I saw that one, too - and smiled; I've been at Red Rocks many times, but never for a concert. It's just a cool place to hang, with hills that look dinosaurs all around and herds of deer that lost their fear of people a long time ago. Would have loved to see him live there.

TWTR 200117 +P30/-P32, 66DTE. I should have said "directional" rather than just "long" - I mean, I'm always long the market anyway.

Oddly enough, I already am. :) One of my rare long trades, but I just had to take a shot... even though I haven't had any luck with them before, I'm going to keep learning and trying.

Dude... have you actually thought about how deeply his aphorisms must have penetrated, and how effective they must have been, for any feeble-minded bastard to quote them? That's a tip. Robert Heinlein made a similar point when someone complained about E. E. "Doc" Smith's plots being...

$29.08 TWTR 191115P36.5 / P38.5 -$2.01 -$33.00 Out of Twatter; paid $1 more than max loss to get out early. Not bad for something that dropped ~25%! Low IV used to drive me nuts; now, it just drives me to studying. In fact, there's something quite cozy about snuggling up with Sinclair's...

Now, now. No teasing the new guy. Or trolling the nutcases for cheap entertainment. Resto is a pitiful crazy who happens to speak Russian and is obsessed by some kind of triangle theory. He fumes and sputters incoherently whenever someone expresses even the slightest doubt about it. (Reminds...

High win rate pretty much implies high drawdowns when they do happen. I'm going to guess that they're an aspect of your practice of averaging down - which has exactly that kind of profile. Maybe you should look into hedging with options. :D

Evgeniy - добро пожаловать на борт! I like your goal statement; it's similar to why I keep a journal here, along with what I call "keeping myself honest" (memory is a liar, so writing things down as they happen helps with keeping it factual.) Re-reading it once in a while has proven quite...

For sure. Most of the lessons are way too big to absorb when you're starting out - but if you just survive long enough, the tiny little baby steps in understanding start getting bigger. And then it begins to accelerate... oh, what a lovely moment that is. Didn't mean to hijack the OP's thread...

Thanks, ON - but nah, not planning to fight the weather any time soon. Getting angry at the market would be like getting angry at the sea; it won't care. The sea, even in the middle of a hurricane, is not hostile per se; it'll just kill you for a fool if you're on it and didn't pay your dues...

Thanks, Tao - very kind of you! I've actually got a pretty good-sized ego, but I don't find a whole lot of use for it while I'm learning, so I'm always willing to laugh at my own mistakes - hopefully while figuring out the root of the error. Fortunately, there are some really sharp folks here...

[raising hand] I'm one of the slow children in the room, moving my lips while reading the letter cubes. Took all this time to figure out that "A" thing - it looks different when you turn it upside down, y'know! - and then they go and do this lowercase thing to me... More seriously: it's...

That is terrifying. And I'd be willing to bet money that you're right. In my experience, competence in government employees is most conspicuous by its total absence - not only do competent people generally avoid that kind of hide-bound environments, but anyone who shows even the slightest...