Nothing wrong with that... in moderation. I just don't want to see you on the receiving end of the Big Dog's boot.
Down to about $90k, where would you park it if your trading skills were trash?
- Thread starter zghorner
- Start date
Nothing wrong with that... in moderation. I just don't want to see you on the receiving end of the Big Dog's boot.
Quite lol...meant quit.
I won't give you any more "lecture" or advice, this is my last post on long options on your thread.
Like you I am just a retail, not a professional. Most of us retails don't have the skills to trade microstructures like @destriero or @taowave. Betting on long, go macro is a way we can play because they and the pros need consistency and don't like low probabilities. They like high probability spreads and butterflies.
The key advantage of long is convexity, it is like wind on your back, riding a big wave. But even the best surfers cannot catch every wave. To catch one, you need to understand how one is developed... And, like venture investing, you cannot bet the farm on one or two.
What I am trying to tell you is long option is an excellent strategy and you have already invested and paid tuitions on it, don't give up too easily. It is not easy, it requires a lot of hard work and insights and not everyone can do it.
Before you even try another, read Fooled by Randomness, Kelly Criterion, a few options text book like Hull, McMillan, Bennett, etc, understand timing and then you can join us on the other side.
Best to you.
Hello ondafringe,Nothing wrong with that... in moderation. I just don't want to see you on the receiving end of the Big Dog's boot.
What do you mean by "Big Dog's boot."?
I am going to tell you the truth man. Trading is not hard man. I am trying to tell you.
There is logic to his madness if you read carefully between the lines. But don't buy his algo.
Trading is very personal, one man's algo, that he uses to print money, won't work for another.
He means being banned by Baron, either temporarily or permanently, which I still predict will come true.
Hello zghorner,
You see what I mean @zghorner, you mindset is wrong buddy. You doing it AGAIN. You worried about what another trader is doing, versus contacting that trader to see if you can make money from what he/she doing or trying quiz him/her to see if the algos make money with YOUR brain.
Them algos I showed you made nearly $1milllion last year.
You are not a problem solver and you do not know how to be solve problems, that is why you feel defeated. You worrying about a man pocket, you better get some value under your ass and figure out how to be rich. You wanna be rich, it first start with making somebody else rich. But you would not understand that, because you not a thinker and doer. You are an observer.
instead of you worried about me trying pedling algo, a real money maker, would be calling me right now saying hey let set up a zoom call, I want to see what your algos all about trying to learn or gain an edge or see if I am bullshitting.
But no, you worried about another man pockets and how much money he making, and if he is a real trader, and all that bullshit talk. That talk not going to get you nowhere. You gotta be PROBLEM SOLVER in this trading business, and I told you gotta think about money ALL the time NON-STOP. Drawdown, 2 losses in a row, 4 losses in row, how many contracts I am it, ok when to stop, ok when to go. ALL that.
Even destrio told you what to do. Go talk to him, WHY are you talking to me for. You wasting time talking to me. I am good. I think my algos showed you that I am good in my trading.
Hello themickey,Yup trading is easy, any fool can do it.
Keeping the money is tricky bit.
Why would keeping the money be tricky?
Learn to keep the money.
Hello Overnight,
lol, why would I get banned. All I am saying is what I do in trading everyday just like everyone is saying.