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That’s a good analogy but maybe a bit extreme. How about an analogy at the other end of the spectrum: Driving is dangerous. There are thousands of accidents daily and many are fatal. Yet we are all driving our cars without a second thought. Maybe we feel like we are in control and we know what...

Oops, I thought you were joking :) Is it something that you were able to automate (semi-automate)?

Just 1B for the holy grail?! What amount of time and money is needed to break even on the investment? But congrats anyway!

I actually like his attitude. He is trying to learn. He is just not giving up on his experiment just because people telling him that it's futile.

@JSOP, you couldn't pick a better day to give GME as an example (up 27% while I went shopping during quiet lunch, lol)!

No. I have very similar situation to yours. I also “learned” about premium selling from TastyTrades and OptionsAlpha. When I had limited capital I thought selling premium was ridiculous. It was like - you should use up to 30% of your capital and close positions at 50% profit. I didn’t see any...

Well, the idea (not insisting it's a good one) is that if you trade small, you can wait it out. All of the blow ups in that article is because they were too big and couldn't hold on to the positions. That's the irony of this strategy - If they only had more time, they would make all the money...

"I would like to argue that short volatility is a profitable strategy, IF DONE RIGHT." What a conceded view but I hear it all the time. So you are saying all those professional money managers were idiots and didn't know how to diversify and use leverage!? I think the only way to do it...

Not an expert, but in my mind there are few ways to reduce risk: hedging or position sizing+diversification. The problem with hedging is that it is expensive so you end up making even less on spreads, which in turn leads you to increase position size. But since crazy sh*t happens in the market...

Yeah I know what you mean, but it’s a compliance issue for brokers, so I doubt you can find one that does it differently (for retail at least).

I can beat that! Haven’t read, but got to be a classic

I am a fan of the book. There are many useless books on trading, but this one is not one of them, plus this guy has verified track record.

I don’t know if this makes sense or it’s purely psychological, but I often “hedge” a underwater position in a separate account. This is mostly when I fear overnight gap. In my mind, I am buying a protective option with no theta decay. I often get out of this hedge with a profit. Does this make...

Seriously? Watched some of his videos and I think the guy has some good pointers. Don’t know about paid content.

I agree with your post, but don’t you think the duration matters? If you bought 60DTE option and in 15 days your view had changed for some reason or stock moved too far, maybe it’s better to take a loss or roll?

Can you elaborate on this please? Tape reading usually refers to very short term trading.

SMB YouTube content is must watch (at least for day trading). One can make a living just doing below trades(with practice of course)

Why don’t you just trade these live? What is the point of this forward testing?

Sounds like you described every money manager/analyst that appears on CNBC, just different scale.