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Are you familiar with the gambler's fallacy? That's exactly what you're engaging in with this kind of thinking. The market doesn't know that you made 20%, or 3%, or whatever; it doesn't know, and it doesn't care. If you have a trading edge and do the right thing, you'll win over time; if you...

Hah - you can say that again! And yes, that definitely helps. I didn't even think about ratioing them (should have, given your earlier fly example...) - that's super useful. I'm still having a tough time figuring out how to neutralize specific greeks in different types of trades, but I'm slowly...

Man, that's a whole semester's worth of education on calendars - helped clarify several things I was fuzzy on. Thank you, MrMuppet! However: guilty as charged on typical retail behavior (with, of course, the expected results.) So, what would you consider a reasonable setup/market state for...

I think @MrMuppet is talking about the total theta and gamma for the calendar, not a single option that's further out. Long calendars are +theta and -gamma, so where a 30D/60D ATM calendar in SPY is approx 0.025t and -0.007g, a 30D/150D is 0.045t and -0.015g. I.e., higher theta and lower gamma.

Nah, bruh; I've just looked upthread, and I'm still chuckling at him throwing a shit fit. TBH, when a whacko like him claims to be a successful trader, I don't really care - but when they start messing with newbies' heads, I like to amuse myself at their expense. Once they demonstrate all that...

Oh, so you're a liar as well as a gambling addict. Got it. By the way: it takes wit to do sarcasm well, and you're very short in that department. But that's no surprise, since losers typically lose all across the board... Go ahead and give it another sad-ass attempt. I won't be reading or...

1) Persisting when you're an obvious loser, for years - which you are - is a serious mental/emotional defect that requires professional help. The OP here is much wiser than you are, because he's asking for help in order to avoid exactly that problem - which is what normal people do. Your...

Unless you've found some new use for it, "read(ing) charts better" means predicting stock movement.

The most incorrect thing about your process is assuming that these are "simple things". There might be half a dozen people in this entire forum that can predict the way a stock will move 6 times out of 10 five times in a row - and then again, there might not. Anyone who could do it regularly...

Ah, you've caught on to my weight loss strategy! Well done. I don't usually read what padu writes - it didn't take more than a post or two way back when to figure out what his opinions are worth - but I wanted to denote his premise so that newbies don't confuse it with the actual good advice in...

Let me get this right... you have to look at all the different trading "gurus" out there, pick one that you "instinctly feel" is "special", and then keep losing money for 14 years to figure out if you guessed right or not? Yeah. That sounds like great advice that will help any new trader. If...

It's a TrendSpider thing.

As soon as they revive open outcry and the Black Scholes hardcopy printouts, for sure. Don't go underestimating nostalgia, man.

Come on down, bro. We'll find some fun things to do... panhandling won't be one of them, but I suspect you'll survive. My point is that you can't - not by a long shot. There are no pennies to be picked up every two seconds - nor (and I'll make another bet on this) are you, or almost anyone...

Want to bet? I don't mind laying some serious cash on the line on who will make more per hour. I doubt you'll even find a quarter's worth - so it'll take just one customer for me to beat you. No, not everybody will pay - but enough will that it's definitely worth the time to someone who is...

General perspective: the overwhelming majority of people in this country aren't smart enough - OK, let's call it "financially savvy enough" - to simply buy and hold the index. Fuck, what am I saying... most aren't savvy enough to have more than $1k in their bank account, much less invest -...

Meanwhile, the guy at the stoplight has picked up some discarded newspaper and a big 7-11 cup, filled it with water and a bit of soap from the nearby public toilet, and is washing car windows at a buck or two a pop. Figuring the light changes once a minute, he's making $60-$90/hour. If it's...

I always thought that's a really weird thing to do (the economics just don't work: something like 1500 tabs per pound, ~0.50/lb at recycling centers, and the costs of transporting these things are insane on that scale...) - but I realized quite a while ago that it's far more about what people...

I'd give you the same advice, but since it's sex with somebody you love, I'll refrain. :D News for you: it is sold in glass bottles today. And the antiquated reference was intentional; I guess you missed the Jessica Mydek reference (which is about the same vintage.) Humor uses this thing...

Covered calls are synthetically the same as short puts. They're what's sold as "simple" and "safe" to naive retirees by "gurus", but have plenty of complexity and risk of their own. If they had even a smidgeon less risk than any other strategy, that's what everyone in the market would use.