Long-scalping equity options against time decay and market drift

[destriero]

OP, we know you're desperate for our acceptance as you've been up all night losing/sparring with us. It's 4:40 AM in Rome.

 

[lucysparabola]

No, I am not okay. I'm going to be closing the longest swing trade I have ever had at a large loss, yet we have people running around here flaunting their 6-digit profits they refuse to take, because it is just nothing to them.

Promoting a system that THEY, the originators, do not believe in! If they DID, they would capture those gains! OY VEY!

well, it's not on you to bitch and moan about those who have made it.

we find what we really can do when we decide we don't want to be taking the medicine anymore. you'll eat your loss and take your medicine on it. from there you can see what you're made of.

 

[destriero]

My god man, is that screenshot for real? Who in their right mind would go long Ford stock!?? Ford is to automotive stocks as T is to telecoms. World's worst ever!

You are a risk-taker! I HATE BOTH OF THEM, THEY BOTH SUCK. THEY MUST DIE! AHHHH!

I was short ten thou. I had one run that printed 2.4MM unrealized. I had been up for 40 hours straight. I was up so much cash that I was trading off ET recos. @vanzandt was bearish on CVNA so I hit the bid for 2500 shares.

My sis recently passed. She spent a year producing a video of that time as she and her kids had been staying with us in Tahoe. I am going to offer it with a book if Wiley gets around to making a deal.

 

[fullautotrading]

lol dude, if he believed in it or possessed any skill, he wouldn't be shorting 6W index puts at 0.8 in premium.

You had no business maintaining an index short when Powell stated we're at peak rate-cycle.

You are not familiar with algorithms. That is your problem.

You want to delude yourself you know, and do not trust who has devoted his life to the task.

Get some automated scalping action and try to begin understanding:

 

[Overnight]

I was short ten thou. I had one run that printed 2.4MM unrealized.

My sis recently passed. She spent a year producing a video of that time as she and her kids had been staying with us in Tahoe.

Yeah, I just realized the conventions in your trading platforms, short 10K shares in Ford.

Sorry to hear about your sister.

 

[destriero]

Your chart looks like shit and you're conflating automation (with short puts) as some sort of crutch that makes shorting an 0.8 ES put anything but retarded. There is no edge in shorting a six week $40 notional index put.

I have shits bigger than you.

 

[fullautotrading]

Your chart looks like shit and you're conflating automation (with short puts) as some sort of crutch that makes shorting an 0.8 ES put anything but retarded. There is no edge in shorting a six week $40 notional index put.

I have shits bigger than you.

You are not getting what I am doing. You are clueless about automation. That is your problem.

You are distant 25 years of hard work. 8 hours a day. It's as simple as that.

It's called the Dunning-Krueger effect

but I forgive you. It's just part of the journey

 

[Overnight]

...
I have shits bigger than you.

How my brain works... This means to me that you are eating tons of All-Bran cereal, by Kellogs . This means Kellog's is a buy, because in order for you to clean out your colon from all the funny body-building supplements, you want that fiber and so must buy lots of Kellogs cereal! This is why you are having huge shits!

Yes?

 

[destriero]

You are not getting what I am doing. You are clueless about automation. That is your problem.

You are distant 25 years of hard work. 8 hours a day. It's as simple as that.

It's called the Dunning-Krueger effect

View attachment 300538

but I forgive you. It's just part of the journey

It took you 350K hours to arrive at the idea that shorting an 80 cent index put was acceptable, under any circumstances? Automation!

 

[destriero]

lol it's 5am in Rome and all he has to show for it is 45 days and $40 in premium.