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    Writing options for a living

    Very interesting thread going on here. The messages that I am getting from this thread is that the probability of profiting from OPTION SELLING is the same as OPTION BUYING. Is that right? Am I understanding this right?
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    90% traders don't make it???

    Risk Manager, You said "I've been working as a broker, now as a salestrader/prop. 90-95% of the customers are losing in futures trading, 70-80% in stock trading. And the commissions at the company were/are excellent from a customer's point of view." Why do they lose? Are they selling...
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    Writing options for a living

    Isn't it a good idea to sell volatility after a volatile day? For example if crude oil rises by a couple of dollars in one day, isn't it a good idea to sell OTM calls at that time?
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    How the Hell do I get approved for options?

    I don't know. My friend was rejected, but that's it. Nothing else. But I don't know. 20 years old? My God that's young. I bet you THAT is the reason. And that's why they won't tell you. They don't want to say that it's because of your age, but I bet you that's it. Because they told my...
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    How the Hell do I get approved for options?

    Low income and a student. I understand the rejection. Look at it this way. You can se this time to paper trade your system until you are approved. That's what my friend did. And guess what? His system failed miserably...meaning he would have lost money. So take the time and paper trade. If...
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    How the Hell do I get approved for options?

    He got approved many years later, but he was out of debt by that time. You have nothing to lose by applying to another firm. Are you in debt? or low income?
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    How the Hell do I get approved for options?

    Sometimes they check. My friend lied on the options application, but they did a credit check and found out that he owed much more than he stated.
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    Writing options for a living

    Yes, Ansbacher does it. His return is between 19-25%. In order to make a decent living, you have to have about 300k-400K to live on this return. Does anyone think it is possible to make more than 20%? writing naked options?
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    Writing options for a living

    Can this be done? Has anyone tried it? Any comments?
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    90% traders don't make it???

    I think most people don't make it, because they try to trade for a living. If you trade for a living, your returns must be high. If your returns are to be high, your risk must be high. This board has a lot of experienced investors. If they tried for a very respectable 15% per year, I think...
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    Predicting markets - impossible

    Are you telling me that there are people making 35% consistently?
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    Predicting markets - impossible

    If 15% consistent profits are substandard to yu guys, what is standard?
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    Predicting markets - impossible

    On and off for 15 years. I mostly paper trade. My actual trades are conservative blue chips.
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    Predicting markets - impossible

    Let's face it. Even the big traders lose eventually. The winners got lucky in one trade, then eventually traded more conservatively. We've all read Market Wizards. The smartes traders I know actually quit at breakeven or a bit better, then invested in blue chip. I hope someone can tell me I'm...
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    Predicting markets - impossible

    I hope I'm wrong, but I have paper traded hundreds of systems in the past years. My conclusion is that it is imposiible to consistently make over 15% per year trading. I have tried everything: MACD, RSI Slow stochastics etc. combinations etc. I have put a lot of work in this. CONCLUSION...
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    Crude Oil Predictions, Anyone?

    Isn't the forecasted China demand already in the price?
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    Concerning Crude Oil..

    I don't understand something about crude oil. Why would a terrorist attack make the price move up? Shouldn't it move down on travel jitters? And secondly, isn't supply data the most important thing. I have heard that the supply is huge and that future predicted supply will decrease. So after all...
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    Crude Oil Predictions, Anyone?

    I don't understand something about crude oil. Why would a terrorist attack make the price move up? Shouldn't it move down on travel jitters? And secondly, isn't supply data the most important thing. I have heard that the supply is huge and that future predicted supply will decrease. So after all...
  19. T

    Crude Oil Predictions, Anyone?

    I don't understand something about crude oil. Why would a terrorist attack make the price move up? Shouldn't it move down on travel jitters? And secondly, isn't supply data the most important thing. I have heard that the supply is huge and that future predicted supply will decrease. So after all...
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    Crude Oil Predictions, Anyone?

    Does anyone have aprediction on crude oil? Thanks
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