ideas for profit taking
- Thread starter met1989
- Start date
amazing
You should be trading based on the stockchart and not the theoretical values you see on your computer screen. The reason this is flawed is you do not know how far a stock will run up or drop for that matter. Like someone said, "trade what you see" not what you hope for. You do not have control over the stock and how it will perform nor the profit or loss you will incur!
How did u get to that my debit was the 10% max loss
so why is it a 12/1 ratio?
Enabling you to step further off a cliff
without first insisting that you know how to pack your parachute is no kindness.
Did not hear you say that in 2008, 2009 or the many other years of large vol spikes. Oh right, that's when you created new user ids and had to fund your depleted accounts. Joke aside, the above applies to probably 95% or more perpetual option sellers. Point being is that options are most of the times correctly priced meaning that you are selling insurance and most insurance policies are invoked at some point. Unless you write millions of policies like a large insurance firm and have large and deep long term investments you most likely go belly up on large vol spikes.
Pro traders by definition trade for institutions and therefore write millions of contracts, selling to amateur retails like me. Me? I am looking for a winning lottery ticket.
