How do successful option traders do it?

El OchoCinco said:
He has nothing to gain by faking winning trades?
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I understand there are folks doing that for no apparent reason but I really don't understand.

I just do not get it: Bragging right in an anonymous forum? I rather people don't know who I am and don't know how well or how bad I am doing.
 
Pekelo said:
I didn't say it was easy, but the point is, the strategy itself doesn't have to be complicated. Now picking the right stock and the range, that is where the skill comes in. Check out my thread Iron Condor on Tesla, I picked the right range for 11 months straight.

If you do a search with "reddit" and my name as filters you should be able to find the original reddit links.

One of the links is here, can you see it there?:

https://www.elitetrader.com/et/threads/how-to-make-a-killing-with-options.313633/#post-4522913

The link I couldn't find (but posted it somewhere here) was about a guy who ran up a 2K account to 200K in a year just as an exercise. He used to be a money manager and now is trading for himself. If I find the link I will post it...
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Pekelo, come to think of it, the "My trades" approach is quite similar.
 
ironchef said:
Mr. vanzandt,

I too followed from the first trade: BZUN. Stock prices, option prices, etc. are real as I traded some of the same underlying. Don't know about his entries and exits. But why not, he has nothing to gain faking it.
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All the trades are days in advance of the moves. He's had several losers too to his credit lol....I mean if thats what it takes here at ET to get respect....

OptionInvestor is a "non-pro" pro. The guys good. Even better than Zandy. :D
 
vanzandt said:
All the trades are days in advance of the moves. He's had several losers too to his credit lol....I mean if thats what it takes here at ET to get respect....

OptionInvestor is a "non-pro" pro. The guys good. Even better than Zandy. :D
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No matter, I followed his logics and gained some very valuable insights. So, I have no complains.
 
vanzandt said:
He's the best I've seen yet on ET.
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I have learned a few things myself and he is pretty good that I have no doubt about it! Tried the options plays on earnings and placed maybe 4 trades earnings related and I made monies on 3 of 4 plays. Of course, I trade differently than him but, trade options directionally as well!
 
Go to option alpha and look at their spread trading. 70% implied volatility only. Use thinkorswim best options trading software.
 
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