Universaller can you explain what kind of trades do you use to achieve this kind of returns? Please?
3K monthly income on a 100K account
- Thread starter aibanez
- Start date
Universaller can you explain what kind of trades do you use to achieve this kind of returns? Please?
Mainly, I sell options when VIX is high and buy high yield stocks when VIX is low.
Nothing special, I just trade like others but spend less than few hours a day as I work as a sales rep for cancer labs, i.e. driving around most of the day.
Nothing special, I just trade like others but spend less than few hours a day as I work as a sales rep for cancer labs, i.e. driving around most of the day.
Very simple!! Good Job! Thx!
A franchise restaurant like a subway has it's advantage too over a DIY noname corner shop and your own brand of sandwiches. Just like trading there is no right or wrong way to go about running a small business.
The entire argument against doing a franchise is the franchisee fee you need to pay. But thats just a ridiculous notion to use against opening a franchise. Sure your profits can be much better if you start your own restaurant and its successful. Heck, maybe you even become the franchiser down the road, go public and be a billionnaire in the future. But I've seen areas where no name restaurants and coffee shops have come and gone, while the likes of subway, starbucks, and mcdonalds have been staying strong for decades in the same area.
There is a reason franchises are successful and they work. Its because people trust and are used to the brand and that there are quality standards that you can expect. Also, people move around, and so when you move to a new area, you're likely to goto a name you know and trust more frequently than some other unknown restaurant.
Of course franchises can fail too. For example I notice franchises seem to work near colleges and universities I suppose where students will be patrons of these brand names that they can trust whereas, students may not want to go to a local knarly looking sandwich shop that charges $10 per with questionable health code standards, versus going to a subway and getting a meatball sub for $5.
The entire argument against doing a franchise is the franchisee fee you need to pay. But thats just a ridiculous notion to use against opening a franchise. Sure your profits can be much better if you start your own restaurant and its successful. Heck, maybe you even become the franchiser down the road, go public and be a billionnaire in the future. But I've seen areas where no name restaurants and coffee shops have come and gone, while the likes of subway, starbucks, and mcdonalds have been staying strong for decades in the same area.
There is a reason franchises are successful and they work. Its because people trust and are used to the brand and that there are quality standards that you can expect. Also, people move around, and so when you move to a new area, you're likely to goto a name you know and trust more frequently than some other unknown restaurant.
Of course franchises can fail too. For example I notice franchises seem to work near colleges and universities I suppose where students will be patrons of these brand names that they can trust whereas, students may not want to go to a local knarly looking sandwich shop that charges $10 per with questionable health code standards, versus going to a subway and getting a meatball sub for $5.
LOL.... just ignore fxforex. Can't take him seriously. I doubt he trades options. He was the guy who was arguing hand over fist against doing spreads by buying further OTM options and thinks its a better strategy across the board. There is a reason people do spreads. He doesn't seem to grasp it and hinges his argument on one lucky trade he force feeds as an example of his supremacy in trading.
You are right. Selling options for low IV big cap isn't as juicy in % of portfolio basis compared to high IV high beta stocks that your broker also allows for reduced margining. But of course, with that comes higher risks of loss. They are high beta afterall and likely to make bigger moves. You essentially get what you pay for. Its the insurance business. More risky, higher premium.
It should also be noted as of this morning, those Aug01 570 strike GOOGL puts are bidding at $15.4 on the open. Margin required in excess of $100K and that seller has been liquidated. Ouch.
FYI ...... With a Naked Put position you should be watching the ask quotes, not the bid quotes.
LOL... you're hilarious. You seem like a guy that likes to appear right on an internet forum than be right on a trade.With a Naked Put position you should be watching the ask quotes, not the bid quotes.
Anyway youre just playing semantics. Actually, they were on the ask side. BTW, one man's ask is another man's bid.. but philosophy aside.
But yes, I'm aware your trade was selling the put. If you were sophisticated enough, you'd realize that price was the closing ask price for that short put at the open.
In any case...
No it's not "semantics". You have to know the difference of bid vs. ask.
A few things:
(1) You need to learn how to trade. Your trade just blew the account and it would have been liquidated already.
(2) It is semantics. You had to do a comeback to keep up with your perception of some kind of reputation you think you have here, so you picked a word I said and ran with it to detract from your bad trade. It was irrelevant sidetracking.
(3) You are not a sophisticated trader and have lack of attention to detail. You should have realized I was posting the correct price of that naked put option to close it right at the open at a loss thanks to you.
(4) A repeat but stick to learning how to trade first. Try to expand your horizons outside of FX.
(5) Finally, I didn't wanna butt in your two arguments earlier but the guy was right and you are wrong. It is theoretically possible to get double digit % monthly gain by selling premium of high IV high beta names, provided the trade works in your favor.