Optionsellers.com out of business?

[Overnight]

...
What makes you think he does not have money in the game? He is a money manager and has a fund. He was trader before at RBC capital markets.

Two reasons...

A)... He does not post what he did with the information. Like, did he trade it? Did he make money with it, or lose money?
B)..."He was a trader before at RBC capital markets"

Why is he a "was" trader? I myself "was" a trader until I stopped trading. Then I started trading again, and I became a trader again.

srinir, aren't you tired of blowhards?

 

[Saltynuts]

I, for one, truly want to know how Sweet Bobby does it. How the firms and people using a similar strategy crumble around him, destined for a life of poverty and pain, yet Sweet Bobby stands there like the Rock of Gibraltar, hands held high clutching thousand dollar bills. How, JUST HOW?!?

 

[Sweet Bobby]

I, for one, truly want to know how Sweet Bobby does it. How the firms and people using a similar strategy crumble around him, destined for a life of poverty and pain, yet Sweet Bobby stands there like the Rock of Gibraltar, hands held high clutching thousand dollar bills. How, JUST HOW?!?

I’m an outlier my friend. Just an awesome outlier!

 

[srinir]

Two reasons...

A)... He does not post what he did with the information. Like, did he trade it? Did he make money with it, or lose money?

It really does not matter. NG movement was puzzling compared to historic moves or weather pattern. He gives one of the compelling arguments, which was not reported. Trading is also learning from others mistakes. If the mistakes were pointed out by a person who has skin in the game (or not) does not matter as long he is qualified and knows what he is talking about.

Yep. He is qualified more so than single lot traders, who trades based on minute chart.

B)..."He was a trader before at RBC capital markets"

Are we into semantics now? He was at RBC before, now manages "Global opportunities fund" at East-West.

 

[yobo]

Are they trading their own fund or OPM?

Somehow I got on their mailing list and was receiving all sorts of expensive marketing collateral talking about the benefits of selling naked options on commodities. They were looking for investors with 1 million or more to invest. So yes it’s other people’s money. I feel bad for them and their clients. Never good to lose hard earned money.

October and these weeks of November have been brutal for option sellers in general because the option market has not been able to successfully price in the volatility, especially for oil and Nat gas. Sweet Bobby needs to learn a little humility.

 

[Windlesham1]

morons sell naked. That is all

 

[Windlesham1]

and that is why you need 10 times the liquidity in your account if your going to meet margin calls selling naked.

NEVER meet a margin call- only an utter moron sells naked-like most in the industry they don't have the first clue about trading or trading options- I know I've seen some of the shit portfolios these muppets produce

 

[mskl]

simply put. Most people fail in this business and its because many don't do the work, they think they have found the holy grail (in this case selling options). If you continue to repeat the same stuff - the market will get you at some point.

Just look at ET. Go back and look at some of the hall of fame threads and 90% of the traders who were here 15 years ago are not here today. What does it tell you? (A: unfortunately most of you will fail).

Best of luck. Work hard! I hope it works for you.

 

[mskl]

I know KM. Actually worked with him at RBC and the guys who run East-West. My comments were not directed at them but the two guys who ran optionsellers.com

 

[pennystocker]