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I was headed out of town that weekend, and had to spend ~$1000 to buy back existing down-side positions. My sweetheart thought I was nuts. 4 days after this picture was taken, I found out about the Chinese de-valuation, and crapped my shorts at my good luck. (And it was luck.)

Sorry but, Peks & BSs? You guys are arguing two sides of the same coin. We've all been around long enough to know that a bad trader can take a great trade and lose money with it. And there *is* an entire industry on offering entries to those who can't work up their own, yet think that Great...

Or more particularly, a probabilisticly-weighted "time value." (...Which puts 'leverage, risk reduction, etc.' into a nice package.) AND, let's remember, that that time value goes to the other side of the market, such that ITM options carry it, too. (And *lose* it, too! Right now, the ES 2715...

HFTs have nothing to do with quantities of partial lots. As far as IB (or *any* platform) goes, show me a screen shot that shows a single order being billed multiple times, and I'll believe it. (Take another look -- you're doing alright.:D) (one more thing.....) As far as All-or-None goes...

Where are you doing all this costless trading? I mean, if it's not a secret or anything, the rest of us want to know. Can you give an example at all? Maybe TSLA? CAT? SPX?

I'd fire whoever is getting you into those horrible trades long before I blamed prudent risk management. :wtf:

No dog in this hunt (and I apologize if this has been covered) but, Casino games (besides poker) have no memory: IID probabilities/Central Tendency constructs can be applied. The market violates IID conditions for each and every split of time you might wish to contemplate. That "we all" seem...

Dude! Do it each way you can think of, and keep all your "editions". If you do 5, maybe 2 will tell a viable graphical story -- but maybe one of those will be/seem more useful one day, and the other will look better later. Do a bunch, expect to keep a limited number. LOTS of learning will be...

Your sensitivity to an audience of retail trader/readers is admirable. That said, your advice is nearly 180° wrong. 1) You declare 'theta is not an edge'. Theta is reality. How constructively you interface with reality versus the rest of the market may or may not be an advantage for you. As a...

How's that? Kim's take on put-selling is long-accepted and pretty conventional. A spread in the same situation guarantees you're in the stock that you intended to buy in the first place, but at a much smaller discount of pennies versus quarters. "Ouch!" To say that in this case, the insurance...

Here are the answers to your questions: https://en.wikipedia.org/wiki/Greeks_(finance)#/media/File:Why_is_long_option_Gamma_positive.png

^^^^^^ This.

1) Find/post the price curve of a far-OTM option, and explain why it's a good idea to sell something with a 1|100000000000000 reward-to-risk ratio where, as the clock ticks down, there is nearly-zero decay. 2) Selling options for premium-generation is a risk-acceptance insurance business model...

And a Happy :D to you, too!!!

That was so beautiful, Sprout, it gets the vaunted :D !!!

"Pre-Beta." You use words like "energy" and "spectral" and "sine waves" and (fergawdsakes) "Elliot" without defining those terms or their utility in the least. As someone who's been in the trading environment as long as you, this is not a priesthood, where you can get away with using neologisms...

O.M.G. To be kind, this ad. is "pre-Beta."

Troll alert. See other posts. Don't reply.

I did. No offense intended, Satoh, but I draw a pretty hard line when I think folks are about to lose; I won't enable your coming disaster. ("Please!") Slow down. Paper trade. Know your shit. (Inside and out; up, down, and sideways) Then trade.

What ill What will that capital do tomorrow? That's all that matters. Not what it made, or lost[!!], yesterday.