Ah, so that's who it is. Yah... you're wrestling with a prime specimen.
You guys are a barrel of laughs this morning.
I need help managing a bull put; I did not fully understand the trade.
- Thread starter klattermusen
- Start date
You guys are a barrel of laughs this morning.
Just watching people I like distracting themselves with some dork's nonsense over their breakfast, and advising them not to do that. Why, you could miss the lovely sights outside your window - or be distracted from the taste of your food! Really important stuff, by comparison.
Its extra tricky and confusing as he is definetly smart,but weak on the nuts and bolts of trading...
There's a reason he thinks MM are out to Fook him,and that you are doubly fooked when trading directionally..
He basically knows just enough to be dangerous
There's a reason he thinks MM are out to Fook him,and that you are doubly fooked when trading directionally..
He basically knows just enough to be dangerous
[blink] Whoever it is that you're responding to - I was right to block him. There's only so much dumbth one wants to see in the course of a day.
As to your implied compliment - "reread McMillan" - you're being very generous...you're arguing with someone who seems incapable of understanding the utility of a married put, despite yourself and @cesfx illustrating it with brightly-colored teaching aids. Time to give up (unless you're just entertaining yourself by seeing how far bullheadedness can go. In which case, carry on - it'll be a long journey to the bowels of the earth.)
He went from options will kill you because of market makers and infinite gamma to “I love options.”
Seriously as entertaining as it is, you all are spending a lot of energy arguing with stupid.
I’m spending too much energy as well.
Seriously as entertaining as it is, you all are spending a lot of energy arguing with stupid.
I’m spending too much energy as well.
So much can be learned from you all even through
your squabbling, you guys are brilliant.
I have only done basic day trades for about a year
and have improved so much, I now feel almost ready
to move up to options.
But I still have a lot to learn, I've been reading and
I think I understand the basics, so I should be ready
to proceed in a couple of months.
It's a little scary because the failure rate is so high,
I think I will practice on a simulator for a few weeks
first.
And I hope I don't need to be as much of an expert
as you to be successful.
Ah, that recent convert energy driven by the "last seen post" algorithm. Wait till he meets reality... that'll be a brand-new experience. Disappointing and wallet-emptying, sure, but at least it won't be boring.
Entertainment, in the form of watching someone frantically dig a miles-deeper hole with the mildest of prompts, also has some value. But yes, it does pall eventually.
Squabbling? That would take caring. After a round or two of bullheaded arrogance, all desire to help fades away - and all that's left is a certain sort of weary humor. For the smarter folks responding, it's not their first rodeo...
If you think that what's being discussed in this thread requires being "much of an expert", let me gently suggest that you still have a lot of studying to do before you have any chance of trading options successfully. This concept you have of "the failure rate being so high" is a large part of that - and has nothing to do with options; the basic risk/reward picture is the same everywhere. If it wasn't, everybody would just pick the lowest-risk, lowest-failure asset class and do that, and only that.
And yes, trading successfully is hard. If this is a surprise to you, then you need a lot more education about life, not just trading.
Money
It's a crime
Share it fairly, but don't take a slice of my pie
Money
So they say
Is the root of all evil today
But if you ask for a rise
It's no surprise that they're giving none away"
-- Pink Floyd, "Money"
No squabbling here..OP asked a simple question,got some sound advice,and one poster is way off and bordering on dangerous..
I am retired and receiving pensions, been day
trading to supplement my income, but mostly
to give me something constructive to pass the
time.
I'm pretty sure that I have had about as much
life education as anyone could get. Life, death,
and everything in between.
Anyway, I just enrolled in a comprehensive
options course so I will be busy with that for
the next two or three weeks, then I'm going
to practice on a simulator and then I will be
ready to give options trading a go.
Thanks so much for your insights.
I hope you all have a super holiday!
https://mitsloan.mit.edu/ideas-made...stors-lose-big-options-markets-research-shows
Im pretty sure you will approach options trading in a prudent manner..
Are you only day trading,or do you trade/invest longer time frames as well??
There are some very sharp helpful people here..
happy to help
Are you only day trading,or do you trade/invest longer time frames as well??
There are some very sharp helpful people here..
happy to help