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Definitely agree with this. Being an outright buyer of long options just stacks the odds against you so much. Unless your timing is impeccable or perhaps day trading for the little leverage/Lambda they offer. Still, I wouldn't be surprised if less than 1% are successful doing this.

nah, SPY $500 end of year. bears r fukd as usual.

Yea I know what you mean. Frequency must be taken into consideration for the very reason you stated. Some trade running a 100 day breakout signal with a 20% SL and do well...have to find something that fits your personality. Finding vol anomalies is a good one...but you need to be able to find...

Something I have learned is this...most successful traders have a handful of setups they are extremely good at...like 3,4...maybe 5. But they are extremely good at those specific setups...it is part of their personal edge that they have developed. They wait and wait and wait until the setup...

everything about his post was a sarcastic joke. lighten up homes.

Yes, The grand inquisitor is the most beautiful chapter ever written of any book imo.

yea I read that it was really a dark book but so far its not that way at all...Both The Idiot and C&P were much much darker IMO.

I don't have much wisdom to share...hence why I gave up on options and moved to futures. But i don't see how anyone can argue against the importance of DTE when putting on a trade. For a simple example...would it be better to sell premium on a LEAP...or a contract with 45 DTE if the goal is...

Also, and you may already know all of this, but to trade options you really should have a good...GOOD understanding of volatility. Extrinsic is so heavily effected by vol you are essentially setting up trades based on where it will be rather than just worrying about the price of the underlying...

You aren't being serious...right? Bc it's hard to tell sometimes on forums.

I said Theta curve...CURVE. rate of decay change via DTE. Your OP seemed like you were saying: "I only bought these because I read this time frame was best but I need to look into that more". You really need to look into that more and know exactly why certain time frames are better or worse for...

im not hating...so I will start with a compliment...you are ahead of me when I was 9 months into trading options. Primarily because I was gambling on long options only like a child. but...but...if you are trading options without a clear understand on something as rudimentary as theta curve...I...

tut tut monsieur..."name calling" as you said in this very thread is bad form. Lets lead by example and practice what we preach.

Im going through a trading course put together by this guy and reading prescribed pages after each module. I like this guy a lot, he seems to be practical and honest and has answered some pretty important questions I had concerning an edge and TA. I read for pleasure at bed time and this is...

add a meme stock to the risk on for S&Gs. you could run a screen for ATR to help with selection. also, VIX is worth consideration in one way or another...

Forexfactory

i see you're a "glass is 1/3 full" kind of guy. nice.

excellent recommendations, thank you.

They are an income generating asset that is tax advantaged... I think the fallacy is employing a short term poor/middle class mindset to something which is better for a longer term mindset that really suits the wealthy class.

FF puts outs a nice, simple, straightforward platform for upcoming news/fundamental data...no membership, no ads popping up, very nice. Is there a commodity equivalent? look how clean this is...