Charles Cottle baby butterflies

Windlesham1 said:
I cannot give away my offer of mentoring-despite 20 years of actual trading. Money, like debt, is more taboo than sex in the UK.
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Mentoring is difficult in the UK for a couple of reasons

... culturally ... we are used to getting 'free' education ... and not having to pay for it
... support infrastructure ... there is almost no software that allows you to generate risk graphs for UK options

By the way ... you are right with your latest trade recommendation that it could get "ugly" ... put twofers for July ...

ET_pTwofers.png
 
jamesbp said:
Any reason you don't trade options in the USA
... if is so much more advantageous than trading options in the UK ?
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Time zone currency andfamiliarity with the crap UK market- also indolence sloth and morbid dread of new online platforms
 
MarkBrown said:
I knew a guy named Craig Cottle who was a money raiser for CTA's back when the Abraham brothers were starting their fund. Back when turtle trading wasn't getting churned into turtle soup. Would not surprise me if there was a connection.

I worked for one of the largest option traders that ever lived. He 3 rules one of them was "We don't buy options here we only sell them" he owned a jet so I listened. 20 years latter I owned a jet also, so when people start talking about buying options I think it's criminal.
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Thanks for the laugh Mark!
 
El OchoCinco said:
Lot of tick phuckers on here piking away looking to make their money when over the long run they make the same amount of money if they just had a regular job. It is not a path to riches except for the rare few. Ask some full time traders, it is a shit gig for the long haul.
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100% agree...

I think the most ideal path is to use investing/trading as a tool for supplementary "residual" income.

Have a good day job, and on the side have that money work for you in either property investments and brokerage accounts.

For brokerage accounts you should have at least one investment Schwab account that is the typical mutual-fund, etf, bonds, long portfolio.

Then have another account with TD and thinkorswim and trade your hard earned strategy you studied and tested for years on end for.

Stable job, low risk/return account, and high risk/return account.
 
[QUOTE="MarkBrown,
I worked for one of the largest option traders that ever lived. He 3 rules one of them was "We don't buy options here we only sell them" he owned a jet so I listened. 20 years latter I owned a jet also, so when people start talking about buying options I think it's criminal.[/QUOTE]

Can we see a picture of your jet?

I've had a very good year , mostly buying ootm calls in the ES during this massive rally.

So I have some spare change that I'd like to roll into something tangible like a private jet

tia
 
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