Going full time

GoldDigger said:
I started trading Options last week.
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Congrats. Btw, I was making a snide joke when I said:

spy said:
o_O They're easy to buy, that's for sure... look out when it comes time to sell them though.
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Don't worry... with a little luck you'll get the punchline in a few years.
 
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newwurldmn said:
you mean the opposite. They are easy to sell. Wait till you NEED to buy them.
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Lol, yeah... it's easy to do either. The true difficulty happens when it comes time to somehow combine the acts and show a consistent profit.

I find it's easiest to buy them as a sort of tribute and gratitude for the privilege of selling them. That way, hopefully, you never actually NEED to buy them; they'll just be there to save your ass instead.
 
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Laissez Faire said:
You arrived at that conclusion after one week of trading? :)
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Yes.

I am retired, receive pensions, doing
the day trades mainly to occupy my
time and keep my brain engaged.

I can use the extra money but I do
not need it as I have other assets.

Whatever I take an interest in, I
am able to immerse myself since
I have lots of time for things like
reading.

I spent six months learning about
Options, found an old system that
works for me, a method to choose
stocks and research strike price.

After a couple of years day trading
experience, I conclude that Options
are easier.

Perhaps I should have said that
they are easier for me, since I
have no idea what the rest of
you would consider as easy.

I also concluded they are more
profitable based on my results.

Anyway, to anyone who is on
the fence on Options, I highly
recommend that you go for it.
 
spy said:
Don't worry... with a little luck you'll get the punchline in a few years.
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You actually did cause me to worry
that I wouldn't be able to get out
of the Options contract.

I am in my sixties so I don't know
how many years I have left to get
a punchline, but thank you anyway
for your attempt at humor.
 
GoldDigger said:
You actually did cause me to worry
that I wouldn't be able to get out
of the Options contract.

I am in my sixties so I don't know
how many years I have left to get
a punchline, but thank you anyway
for your attempt at humor.
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I think what they were saying is there could/will come a time, when you will not be able to close/unwind your positions.

The underlying stock drops or rises 50%...The market makers and institutions (everyone) jumps in front of you...
 
Cabin111 said:
I think what they were saying is there could/will come a time, when you will not be able to close/unwind your positions.

The underlying stock drops or rises 50%...The market makers and institutions (everyone) jumps in front of you...
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Thank you for elaborating.

I will bear it in mind and if that
ever happens, I will deal with it.
 
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