I told you guys...closing positions for a loss is for fools.

[wxytrader]

It's not a bull market when you're selling options people. You can lose large over a week. But I've run the numbers against even a 1987 scenario... You have to take into account even in a catastrophic downfall. It will recover rather quickly and in a steady downtrend you recover on the way down. I've been trading Bitcoin buddy. You don't think I know what a bear market's like LOL. Actually, I prefer bear markets. Bull markets are for suckers.

What a stupid posting! Brainless, much like its author...

Do the math. It's 3 lots. That's the max I do currently for any non-index stock.

 

[longandshort]

That's exactly how it works. The reason traders lose money is because they lose money.

Actually I was applying foresight that the trade would likely go against me, but I know I have numbers and stats on my side so I went for it anyway.
.

Ok now do this with Enron stock.

 

[wxytrader]

Ok now do this with Enron stock.

I might have if the IV was high. I would have been banking premium all the way up. Any losses would have been hedged by the premium collected depending on how long I was trading it...1 lot would have put 9k at risk. Who knows it might have even turned out to be a break-even situation. Only perma bulls lose their shirts and their life savings.

 

[taowave]

Do you do 2 lots on NVDA??

How much notional will you take down??

Do the math. It's 3 lots. That's the max I do currently for any non-index stock.

 

[Quanto]

Bye bye @taowave, you deserve it, you useless POS!

 

[Quanto]

Hey @wxytrader, don't fall for the trap of this @taowave spammer idiot...

 

[taowave]

Now Now Quanto,why so butthurt???
Your goal should be accumulation of wealth so you can open a margin account...

Look me up in 5 years

 

[wxytrader]

Do you do 2 lots on NVDA??

How much notional will you take down??

I just did some quick math but the premium return on risk for NVDA would be only like 3% and would be locking up a lot of capital.

 

[newwurldmn]

Now Now Quanto,why so butthurt???
Your goal should be accumulation of wealth so you can open a margin account...

Look me up in 5 years

one of the most accomplished vol guys on this site got blocked by a guy who thinks leg prices on a spread affect pnl.

this thread is a joke. Its value is entertainment like watching Talk Soup.

a bunch of losers who wouldn’t know a good options trade if it was presented to them with a two page summary of how it worked.

 

[wxytrader]

one of the most accomplished vol guys on this site got blocked by a guy who thinks leg prices on a spread affect pnl.

this thread is a joke. Its value is entertainment like watching Talk Soup.

a bunch of losers who wouldn’t know a good options trade if it was presented to them with a two page summary of how it worked.

Let me guess you trade parity arbitrage zebra spreads? While you are adding up deltas I'll be doing doughnuts in my (2008) Lambo. Btw I just showed you a GREAT options trade.