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it kills me every time that he didn't even remove the Rolex before filming haha. "I am so sorry for not managing our ship and keeping her afloat" Yea you are right, and this is a clear example of why naked selling is always a terrible idea. I have done it a some in the past it it bit me...

Ok I see now and glad that we agree. The way you worded the last half made me think you were implying they still carry considerable risk but I interpreted it wrong.

I see your point. Returns on credit spreads are such garbage you tend to want to push your bet sizing beyond what is safe. Makes sense. Still, with patience and control, credit spreads don't seem like a terrible strategy. Odds highly in your favor, just not going to be hitting any home runs.

idk man. pennies in front of steam rollers indicates massive risk for minimal return. Running credit spreads you have the odds heavily in your favor...you don't even have to be that good at direction. Its pennies still but if the underlying goes against you in a bad way the risk is still less...

how so? I know naked options is exactly that but with spreads you at least cap your risk (converting the steamroller into maybe just a motorcycle lol). yes you cap profit but you tip the odds into your favor, especially running credit spreads. not trying to argue per se but legitimately...

Read this thread today and I really appreciate you doing this, thanks.

yea hard to tell from OP if he is just referring to market crash, or total collapse of society. Agree with you though...since presidential election season some ammo quadrupled in price and hasn't really came down much. The bartering potential post collapse would be much better with ammo than...

all day my man. now depending on what level of SHTF @Scataphagos is talking about...it might be a good idea to cash out the initial UVXY position (or at least some of it) and place into various crypto coins. BTC, ETH, ADA, etc... I know you're not a crypto guy but I think it is here to stay.

UVXY calls.

no fentanyl is synthetically made, in a lab, and the vast majority of it comes from china.

CIA now favors a more powerful, synthetic drug. Afghani Heroin in out, Chinese Fentanyl is in.

she sounds rich, is she single?

all the time

I tried to combine CANSLIM with long options...did not work out so well. Was also using MarketSmith which really makes it a lot easier...It is just set up really nicely displaying sales and growth qtr to qtr. I liked several features but ultimately cancelled when I stopped using that system. I...

I remember reading market wizards how Dennis' chapter really stood out to me...it let me down the path of reading the books "the complete turtle trader" by Covel and "Way of the Turtle" by Faith (who I believe use to be an active member of this forum). Great story and great evidence in support...

excellent post man thanks.

i noticed. For me personally, I never fully grasped the importance of greed and emotional control until they were tested with money on the line. At this point, after failing so many times, I am extremely picky about my trades to the point of being gun shy. I agree with your statement though...

To help. Simple as that. The primary goal of each human should be the reduction of suffering in this world...starting with themselves then with family/friends then community etc... would it not bring you joy and satisfaction to help someone with your unique skill set who is currently struggling?

I know, I know..."wHat dO yOu MEaN bY sUcCeSSfuL????" For the scope of this thread, successful is defined as meeting the following: - You have more profitable years than losing years. - Trading is your PRIMARY source of income...not interested in hearing about how you're a genius because your...

having an individual to bounce specific ideas off of would be another level of assistance and a huge benefit IMO...A mentor would have saved me tens of thousands...but me and my immeasurable hubris thought books, and seminars, and educational videos would be plenty...lol...