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If you are a market maker or trade like one then of course you average. What makes a great market maker is recognizing when you might be in the middle of a multi-sigma event.

Ask what are their risk parameters.

I have known hundreds of people who trade for a living but I would only consider a handful of them traders.

Does she want to be a trader or does she want to make trades?

Long term investing benefits greatly from preferential tax treatment.

All you have to do is make 1.8%/day compounded over 220 days. So ur first days target is only $1.80!

That's why I started the sentence with "if"....;) New option traders should understand that option market makers are some of the sharpest guys around. They do not misprice calls vs puts. As to the " different scenarios", do a Monte Carlo analysis and again, you will find they are fairly priced.

If you believe B/W makes more than short put then lever it up and arb it.

Just sell a naked put....half the commissions.

Some people see FX futures spikes (often from stop running) as thievery. I see it as easy money.

When I was younger, I read every trading book I could get my hands on. If I found one sentence that taught me something, I was satisfied. If I found a paragraph, it was like the holy grail. I'm a pro. I've been on some forums. Not to learn. But because I'm recently single. lol

I hate anecdotal evidence but here it is...I have a few friends who've been heavily involved with btc. By far the one who has made the most is the one who bought and held. The others who traded btc all regret it.

yup

I have a friend who over the last 20 year has turned 100k into $20 M three times lol. Now he has the bulk of his assets in real estate and trades with maybe $5 M.

Well, for one thing, she WAS the market in the back months. Banks would ask "where's Margie on the purple pack?". She had large positions in very illiquid contracts. It's psychologically difficult to continuously carry positions knowing full well that an orderly liquidation might take months to...

I was in the ED pit in 2002/3. She really was a legend.