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Nice humble brag

no job, no back up plan...filthy homeless or filthy rich...no in between.

im loading up on puts right now need to spend another $15k throw some ideas out there. In full YOLO mode added LUV, DAL and SPCE this morning.

what price are you looking to pay?

SPY premiums are retarded right now. Lets share some ideas on what you consider high probability of success Put plays for maximum lunch money in these infected times. Id like to buy a Harley in the next month or two so help a brother out would ya? Here's just a few I am considering... TRIP: to...

Now that’s what I’m talking about.

Do you simply sell naked options or do you define your risk with some type of hedging position? I feel that selling like you described will give the most consistent wins but like you mentioned they are small...and From what I have read what ends up happening is a long series of wins gets wiped...

Does the gambling feeling decrease as experience increases? SPY for example...how am i supposed to have anything more than a hunch that it will go up or down? Judging by how the market has been doing the past few years obviously the safer "bet" would be long calls but other than that i cant help...

Yea man that’s exactly what I did the first go around that wiped me out fast. Never again unless I know exactly wtf I’m doing.

that’s what tastytrade and optionalpha preach about as being the most consistent way to generate profit in options. I’ll look into it again thanks for the post.

LMAO ^^^ Since i suck at picking direction what about focusing on non-directional strategies for now like straddles, butterflies, etc...?

alright ill invest some time learning more about options pricing thank you. you being sarcastic about hunting black swans???

I attempted reading dynamic Hedging and have to admit that it was just too much for me. The way he relies more on mathematics than words to explain various concepts just killed me. I liked his other stuff for the most part though. I’ve never tried to employ any of his concepts but considered...

Can you go into a little more detail about how to work for surprise? I’m not sure I understand what you mean.

Momentum considering most of my trading has been short term of a few days or less. But like I mentioned earlier due to lack of success thus far I have basically poured my cup out looking to fill it with better info.

Currently reading Options, Futures, and other Derivatives by Hull...I find this one to be the best time spent so far but i am only about 1/10th the way through it. Other books ive read include stuff from Taleb, Phil Town, Mark Douglas, Soros, Rem. Stock Operator, The intelligent Investor, and im...

I don’t think I can trade at all to be honest that’s why I stopped. I recognize that I suck and need some help.

never.

I like the ability to control a lot of an underlying with less capital...They basically grant me the opportunity to trade “sufficient amounts” of costly stock out of a relatively small account. On top of that they just interest me in general I really enjoy learning about them. thanks for...

I understand one mans trash is another's treasure in that some strategies will work great for one person but be considered worthless to another. The direction i went the first go around was basically watching all of the optionalpha, tastytrade and OCC videos then thinking i was hot shit about...