If your EW system is that awesome at predicting the stock's movement direction why do you even bother with options? Why not just a convention long or short position? You'd be a multi millionaire within 6 months if it did work. It's woefully failed on GME. And I'm not calling you a liar but could you bring up your trade blotter on your monitor and snap a pic with your phone so we can actually see your position.
Do you guys ever get tired of me being right?
- Thread starter wxytrader
- Start date
Woefully failed on GME??? Lol this wasn't an EW play...it was a MEME/FTD play. Anyway, why do you keep talking about options?
(July19 20 call strike @ .88)
The cross section here is your BREAK EVEN @ expiry. Like wtf???? Unless you get lucky and catch a huge gap up you can kiss that money goodbye.
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Turning it into 20/21 vertical spread makes it marginally better by cutting costs, and you are only capping gains that were statistically not in range anyway, but still need the stock to move pretty consistently in your direction JUST TO BREAK EVEN!
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None of them perform better than just buying the underlying.
I don't buy options. I sell them for premium and accumulate shares.
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It really is playing the hand face up to anyone who has traded for a long time.
It is something someone says when they are surprised they are actually right. If you are use to and expect to be right on your trades then what is interesting is being wrong.
I have a big ego as well but not insecurity in my ability to make winning trades that it surprises me. Any new trader can catch a winner and ride it. Good trading to me is knowing how to take a good loss.
It is something someone says when they are surprised they are actually right. If you are use to and expect to be right on your trades then what is interesting is being wrong.
I have a big ego as well but not insecurity in my ability to make winning trades that it surprises me. Any new trader can catch a winner and ride it. Good trading to me is knowing how to take a good loss.
@wxytrader your thread title “Do you guys ever get tired of me being right?” reveals to us how insecure your big ego is, and that you have not yet mastered even the basic fundamentals of trading.
Which trade? GME huge profit. Bitcoin etf not at my target yet...I'd be legging in here usually but no capital..waiting for dirt cheap calls...spreads are always garbage though so you gotta get timing right.
Nobody here including you has ever projected something as accurately as I just did with Bitcoin...anybody can make a call ..only real TA can lead to a projection 3 months out.
Great. Another one-trick pony here on Elite-Trader.
I used to LOVE playing Hold'em at the poker table against these guys.