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check out my site- don't trade blind http://optionsinvesting.co.uk

Exit IS everything -trade what you are comfortable with, and read Van Tharp

I hated his books and found them miserable depressing and unhelpful. I have traded profitably for 17 years with a few down years- when I started to read this kind of psychology stuff. If I'd had a trading buddy I'dhqve made millions- that is the key, I reckon

I don't feel bad for the dumb money- it just piles up in my account . Hedging dynamically is not for modest traders like me and I pay UK commissions so I have to think twice before adjusting-so far only once this year

judging by truetype's posts he is not in the industry -too busy telling everyone else what to do on ET (Elite Troll)

If you think options are just simply bought and sold in isolation then you do not understand options-stick to penny stocks. NT was at one point the most prolific options trader in the world,and of course tail risk is mis-priced, but we don't know in which way. I have seen puts go from 3 to 300...

Investment is the term we use for trades that went horribly wrong- trade options,use your brains don't rely on dumb luck,because the CO of that corporation you like, will one day get caught with his fingers in the till/lying/having a love child with his secretary/ pleading insanity/ having a...

Ironically I was short calls that day- and the F closed down only 75 points- the market doesn't give a rat's ass for people dying. No-it was a period of the market going up solidly for over 2 years- like 2016/7 and then taking a hit -February my trade went a tiny bit underwater and I paid up for...

lost £19,000 on UK FTSE short puts in 2005-just pulled the plug on the trade- 3 days later the market had made a'V' bottom- I could have avoided the loss totally by not panicking. Had a broker trae futures for me- that was a disaster. There is a reason they are not traders despite their inside...

has it ever occured to anyone to buy options,not just as part of a credit spread......

A calendar trade ends when you close out one leg. Personally I don'tlike them as vega is a fickle mistress,and trading some months out really is a lottery. Naked shorts cost time,opportunity and margin. I post real trades for a UK website much to be learned even for me after 18 yrs trading.

you could have traded(bought) VIX call spreads cheaply- sound as a pound, Baby

The guy with the big expense account seels to the pension funds - the sale trader who has no idea what to do when the market tanks.Thankfully they will have a massive bank account and perks-all courtesy of the dumb money

pension funds have to buy at a new high-they don't give a shoot about their fundholders

Squid are highly intelligent you know!

I hate paying for anything but now we have to-ever looked at cheap ratio spreads?

I trade UK index options and for at least 3 years ICs have not been workable. On stocks they are a disaster in my experience. Trading credit spreads stopped being the game a while ago. Debit trades,sadly for us premium sellers, is the way to go. Remember we trade relationships- vol can get a lot...

you cannot take trades in isolation- we have no idea if they are being hedged in other months/other strikes or other instruments

The smug twats who think they are geniuses will get their backsides handed to them-like they did in 2008,until the bank of mummy and daddy taxpayer baled the next bunch of muppets out. Remember the economy is based on increasing debt. However this article doesn't mention options-which were...

Interesting but options are multi dimensional -I just stick with what I'm comfortable with, knowing my risk-I've been looking at automating trading but the problem for retail players is getting the prices you like